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CHINA NATURAL GAS INC (OTC:CHNG), Down By 5.66% ($0.03) From $0.530 After BUYINS.NET Report Predicted Stock Would Go Down Due T

^{Published on 2013-04-24 07:47:24 - WOPRAI}
 

April 24, 2013 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net , a provider of unique trading technologies, released a report on Tuesday, April 23rd 2013 stating that CHINA NATURAL GAS INC (OTC:CHNG) was expected to go Down due to the Bearish conditions presented in the following report. Click here to view the BUYINS.NET report: http://www.buyins.net/releases/?sym=chng&id=362824

At the time this story was written, CHINA NATURAL GAS INC (OTC:CHNG) is Down By $0.03 (5.66%) since the BUYINS.NET report was released.

The movement of stock prices in the days and weeks leading to and following specific fundamental or technical events may follow a predictable pattern. Many companies stock price histories show random or unpredictable movements around certain events. But some seem to repeat the same pattern quarter after quarter, year after year. We use powerful computers to uncover those events and correlations to generate predictions with high probabilities of generating very specific returns within very specific time periods.

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CHINA NATURAL GAS INC (OTC:CHNG) - China Natural Gas, Inc., an integrated natural gas operator, through its subsidiaries and variable interest entity (VIE), engages in the sale and distribution of natural gas and gasoline to commercial, industrial, and residential customers in the People s Republic of China. The company is primarily involved in the distribution of compressed natural gas (CNG) through its VIE owned CNG fueling stations. As of December 31, 2011, it operated 25 CNG fueling stations in Shaanxi Province and 12 CNG fueling stations in Henan Province. It also installs natural gas pipelines, as well as distributes and sells piped natural gas to residential and commercial customers through a high pressure pipeline network of approximately 120 kilometers in the city of Xi an in Shaanxi Province; the districts of Lintong and Baqiao; and the city of Lingbao in Henan Province. As of December 31, 2011, the company served approximately 116,790 residential and commercial customers. In addition, it operates automobile conversion sites that convert gasoline-fueled vehicles to hybrid (natural gas/gasoline) powered vehicles. The company is based in Xian, the People s Republic of China. On February 8, 2013, an involuntary petition for reorganization under Chapter 11 was filed against China Natural Gas, Inc. in the US Bankruptcy Court for the Southern District of New York..

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