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What do you think of this?
' >The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Directors of China Armco Metals, Inc.
http://www.bloomberg.com/article/2013-03-05/akIKpY4V0NA0.html
http://www.marketwatch.com/story/shareholder-alert-the-law-firm-of-levi-korsinsky-llp-launches-an-investigation-into-possible-breaches-of-fiduciary-duty-by-the-board-of-directors-of-china-armco-metals-inc-2013-03-05
I assume your visit to China proves that there isn't some massive conspiracy and involvement by the people's republic in the business means Yao probably wouldn't dare screwing around even if he wanted to. Not sure what Levi & Korsinsky's motivations are, probably just have nothing else to do and are hoping there is a case in there somewhere, or maybe someone paid them to investigate. Why would they publicly reveal their investigation instead of observing them covertly? Or have they already been doing so?
Oil is a very large sector yet it involves a single industry which means it takes less time to research and observe, though oil is saturated with investors. I can see 3 areas which could result in opportunities.
http://www.dailyforex.com/forex-technical-analysis/2013/03/Crude-Oil-Price-Mar-8-2013/18809
http://oilprice.com/commodity-price-charts?1=&page=chart&sym=CLJ13&name=Crude%20Oil%20WTI&domain=advancedmedia&sg=true&display_ice=1&studies=Volume;&cancelstudy=&type=CANDLE
Expansion into unconventional oil, fracking, offshore rigs and expansion into obscure areas like Siberia and Alaska, possibly Antarctica and the Arctic in the distant future.
Expansion into areas that have recently gained security. Yemen has liberalized and oil exports are increasing, the situation on the border between Sudan and South Sudan is unstable but with Malik Agar's constant reminders they should receive the help they need.
http://news.sudanvisiondaily.com/details.html?rsnpid=219258
At the moment the Sahara is insecure as indicated by the recent attack on an Algerian gas plant, international military support should see the Mali Islamists defeated in pitched battle, it is the irregular terrorists, insurgents and guerrillas that I am worried about. Libya, Chad and Nigeria form a buffer zone stretching across Africa, Libya's new prime minister Ali Zeidan is a moderate so Libya shouldn't be a weak link in the chain for long. Mauritania appears to be the linchpin for preventing the resupply of the Islamist irregulars and it seems Algeria has had the same line of thought and Mauritania is putting effort into stopping the terrorists despite being an impoverished country with problems of its own.
http://www.magharebia.com/cocoon/awi/xhtml1/en_GB/features/awi/features/2013/02/26/feature-04
http://www.peacenewspaper.net/?p=2077
If the security situation improves and investors are still prejudiced against the region due to its past that might result in some undervalued companies.
There are various bureaucratic obstructions to free trade in oil, fracking permits, the late Chavez's old policies, OPEC decisions, the Falklands and sanctions on Iran spring to mind. When these obstacles are removed it can result in large swings in the market.