Asian stocks are all the rage. ADRs and online brokers allowing investors to trade in non-U.S. currency on offshore stock exchanges have made it easy for U.S. investors to put their dollars behind Asia's rapid expansion.
Enviro Energy (HK: 8182) is this week's Asian stock in FOCUS. Listed on the Hong Kong Stock Exchange GEM (Growth Enterprise Market), Enviro Energy has organized a cross-continental collaboration between Chinese and Canadan private sector gas exploration entities, as well as the Chinese and Canadian governments, to extract methane gas from deep coal beds, which are basically mines no longer suitable for mining activities. Enviro Energy and project partners Petromin and CUCBM plan to offer natural gas extracted from mines as a supplemental natural gas supply.
Last trade: .26(HKD)
Read more- WSJ
Saturday, April 26, 2008
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