Nawar Alsaadi

Just under a year ago, I published an article in Seekingalpha entitled Tremendous value found in China North East Petroleum, at the time I exposed the fundamental reasoning on why this company was bound to appreciate in price throughout 2009 and beyond; 12 months later it seems that China North East Petroleum “China North” (NYSEAmex: NEP) has lived up to expectations with the stock rising over 5 folds from its price in January 2009.

In August 31st, I published an article on Seekingalpha under the title “China North East Petroleum is poised to Grow”, in the article I was expecting a strategic expansion move to take place at China North East Petroleum (NYSEAmex: NEP) within weeks, on October 1st this prediction became a reality.

Nawar Alsaadi submits:

In my continued search for opportunities and anomalies to produce above average returns, I developed a special interest for the impact of 'up listing' of Chinese securities from the over the counter market (OTC) to a full fledged exchange. Efficient market proponents would tell you that a move from the OTC to a major exchange should have no effect on a stock, as it does not change the fundamentals of the company, but I beg to differ.

Nawar Alsaadi submits:

In January 2009, I published an article on Seeking Alpha entitled Tremendous Value Found in China North East Petroleum. Today I will attempt to review the company's progress since January and contrast it to my earlier projections.