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If we hit 10 cents before the summer I'll officially pay the philipines a visit myself to get a feel of what else is going on in that market. Looks like an inexpensive vacation and fun place to be different events https://www.yahoo.com/sports/mountain-game-thrones-officially-worlds-strongest-man-163622683.html
Mwm. It's my understanding, that even though the pse was red hot last year, I think the best performing index in Asia if I remember correctly, There is not a totally free market in these shares as ownership in some companies is restricted by a predetermined split between philipino owners and foreign owners when it comes to companies dealing in their natural resources. Even in stock ownership. How the hell they figure it out on a daily basis is a mystery to me. I'm sure there are ways around it and their system doesn't always work. Last time I checked Filipinos weren't that cash rich or stock Davy in that country. They probably look at a chart and see pxp up from 2 pennies and think it's way overpriced. Anyway, regardless of the reason it's a buying opportunity, but still speculative as that 20% chance the contract doesn't get done then pxp will go to a single peso. Dido for fecof. Once the framework is announced it's a different ballgame. When we drill then it's the World Series. What we find is the difference between champions and runners up. Pangilinans initials are MVP.
My E*TRADE account had me wait two days before the international trading desk finally called me to place the trade for pxp since pxpef wasn't trading any volume , but they gave me a ridiculous spread and placing the trade while the us market was open and the ph market was closed, so I did t make the trade yet and I put it off.
The pse is not a very liquid market but when this deal is anounced the real investors will find a way to get in. Where there is a will there is a way. Also Shell will make a play on purchasing all of forum if not the entire sc72. They can do this thru their subsidiary shell philipines which is considered a philipine company. Just my theory. I'm a blue collar guy with no degree in finance so I do t give any financial advice. I just share my opinion and at the end of the day.... what the hell do I know? Just a somewhat educated guess . Good luck to all
Crude Oil breaks out to four year high as Iran nuclear deal remains in doubtFont size: A | A | A
10:35 AM ET 5/7/18 | Briefing.com
Crude oil futures are breaking out to a four-year high this morning. President Trump is widely expected to back out of the Iran Nuclear deal later this week. The deadline is Saturday, May 12 for President Trump to confirm the agreement stuck in 2015. President Trump has made it clear he does not like the deal. European leaders have made a concerted effort in recent weeks to convince him otherwise. Elevated tensions in the Middle East and potential disruption to Iranian oil supply put upward pressure on oil prices. June WTI Crude Oil futures are up 1% at $70.39/barrel (+0.67) while Brent Oil is up 1.2% at $75.77/barrel (+0.90).
June Natural Gas futures are up 1.7% at $2.76/MMBtu (+0.05).
Previous Metals are slightly lower as the dollar continues to rally. June gold futures are down 0.1% at $1313.80/oz (-0.90) while July silver futures are down 0.1% at $15.50/oz (-0.02).
Aluminum futures hit a two week high amid continued uncertainty regarding US sanctions that could curb supply. Aluminum is the best performing commodity this morning, up 3.1% at $2345.75 (+71).
US Wheat and coffee futures are both down 2%.
Woah. Bid just moved up to .037. Spread .037-039. Could be an interesting up day today. Maybe that optimistic ph congressman wants to buy some fecof today with the rest of their parliament and senate. Lolcould be above 4 by end of today. Maybe.
Pres xi of china made some very positive statements in Vietnam recently/days ago. And I can only hope he makes that same visit to the philipines soon. Before the summer or about. Worse case scenario he postponed his visit until the scheduled date given on this link below. Maybe if ph finally plays its cards right, it can coincide with the two presidents signing a landmark agreement for co exploration in contested seas using the "framework" contract , followed quickly a few days later with the lifting of the west philipines sea moratorium for drilling and auctions. Expect the entire ph stock market to lift by 5 to 7% in one day when that happens as it signals guaranteed growth in the philipines for the next 6 to 8 years (followed by a bust with bad loans , lol). Example: Greece , where my parents are from.
Hopefully we hear about progress every month or so on the framework contract so we can still hover between 3 and 6 pennies before the first framework contract is signed. If we're lucky it might be signed before November and pres Xo's visit would be met with cnooc signing with Forum energy(the majority owner of sc72).
https://www.google.com/amp/s/amp.rappler.com/nation/199991-xi-jinping-visit-philippines-november
I think the deal will get done but not on a silver platter the way the congressman is suggesting/ assuming. If forum energy wants to stay in the mix they should expect to shoulder some of the cost too, there's no such thing as a free ride, especially when it's between corporations. Either in costs, percentages or dilution, but it's still a great deal when it happens.
I don't know if it's even classified as an adr. I had my broker explain to me that they could make the trade there for me to make it easier".... I think the probably add to the cost of the purchase by being the market maker I. The transaction and profiting from the spread that they create on the spot with respect to pxp:pm.
I decided against it. I'm waiting to get my account opened/ approved and see if I could buy stock thru interactivebrokers.com computerized platform for international trades. Someone on this board said they already did and the guy on the phone told me I would be able to do I will see soon enough.
I'm also considering buying leap call options on a fund that mimics its mining and energy index which includes apx and pxp. if not a pse fund which doesn't do options, then maybe one in America if I can find it.
http://www.firstpacific.com/wp-content/uploads/2015/08/First-Pacific-2017-FY-results-presentation-2018-03-281.pdf
Great charts on this profile of first pacific. Majority owner in pxp. Interesting how you see all the same names and faces linked between these guys.
Salim group is the majority owner of first pacific. They are private.
If you tried to find an angle here on how best to play this situation in the reed bank. Like a Gordon Geco, I've already searched for companies tied to this opportunity ,that might have stock options,,,,,,, and to my disappointment they have bigger and bigger market caps then fecof and still have no leap options. let me know if I missed something.
I'm sorry but I just can't believe that article to be correct. Unless I hear it from the president Xi's mouth himself or see it on paper/contract , it would be hard to believe that China which once claimed it all for herself is so willing to for over the "entire" expense just for 40%. God I wish this was true, but how they can keep pxp and sc72 owners in the loop , and still make this deal is beyond me. China wanted to give the service contract in its entirety to cnooc when claiming it was 100% theirs. Let's hope duterte doesn't decide to do something nuts like invalidate our service contract and give it to cnooc and china for that expense free 60% this (most likely clueless) congressman is quoted saying.
My summary is that this congressman that was quoted is clueless and just making assumptions to appease the voters on why it's a good deal as of yet for the philipines to be making the contract with China/cnooc.
Those expenses is what normally dilutes shares in a company drilling it, so don't get your hopes up too too high as this is way too good to be true and coming from a nameless ph congressman who isn't in the talks.
6 years ago the expenses were going to be 3-5 billion. When the hell did they go up to 7 bill? Are they talking pesos or what?
I'm not sure if it classifies as adr" specifically but it's definitely an instrument for your broker to place the trade there instead. So I have been told, But the best advice I've heard so far is to open an account with I teractivebrokers.com to just buy pxp yourself thru the computerized international system they have. It's amazing that E*TRADE wanted me to speak to a live person to buy pxp or apx in ph. That's why ibkr is killing them in the discount broker game. Up 400% in 5 years.
https://www.google.com/search?q=pxp+energy+pxpef&ie=UTF-8&oe=UTF-8&hl=en-us&client=safari
Anyway. The symbol is the us is pxpef
Another interesting symbol is fpafy. First Pacifics adr. First pacific owns a huge chunk of pxp thru their private holdings. Firstpacific.com
It means the sec asked for clarification on the news release. It should be well noted that pxp also trades as an adr in the USA but has no volume of any. They are not out of reach from the SEC authority as they would like you to believe.
The statements in the previous releases were beyond forward looking statements and somewhat contradicting. The authors at fault more than MVP and pxp.
They had said that pxp in communication with cnooc. Where in fact it was more like an email or unanswered voicemail, or at best a message left with cnooc headquarters secretary, that they are ready when cnooc is ready.
I'll take the news as it also points a clear path of action when this moves forward. Regardless of what the philipines says, cnooc is not just a corporation, they are China itself, a state owned corporation no different than a go r agency, except this one trades on the stock market. Lol. Cnooc will not jump or even flinch without orders from china so they will not
Reply until
China gives the ok.
That article was more about letting investors know that at least pxp is ready and with a fast course of action. The sec simply wanted to knoware they I. A two way conversation or not. Also what seems to be dropped from the original statement what's a line that MVP said, if we can't get the govts to agree to get this going we might as well forget about service contracts there." Since then MVP said he's actually quite hopeful that this was getting done despite that quote sounding defeatist. When quotes are read the get misunderstood without it's implied. Connotation. All signs show it's getting done but nothing in life is guaranteed. Duterte could have a heart attack tomorrow and the replacement could do a seitcheroo. Nothing is certain but it looks 78.5% getting done in my book with the odds improving daily.
Wowowowow!!!
In latest speech in Vietnam ,pres Xi of china says" we want peace an will respect international law including unclos!!!!
I'm going to have an orgasm if this is true. Mik ultra must be working better than ever. First n Korea and now china. Maybe too good to believe but I'm hopeful!!
https://www.google.com/amp/s/www.firstpost.com/world/chinese-president-xi-jinping-makes-state-visit-to-vietnam-4206117.html/amp
https://www.rappler.com/newsbreak/rich-media/197588-calamian-confidence-builder-joint-exploration-reed-bank
This was 2 months ago but I think we missed it. Great read and shows the enormous estimates on the reed bank bu the governmental agency is energy informations agency/administration..
They really re used things upwards that are even more astronomical than ongpins 11.4 tcf hopes.
If you read the article it even says possible 5 bil in oil??? If we profit 40 dollars a barrel then god almighty that's another 200bil taken for granted right there!!!
So I dare even dream of adding the figures? It's nuts that this could be trading so low. Even the most overpriced owner of forum shares. Which at this point is Atok big wedge, is still extremely u deprived with these kind of expectations. I do the math on 5tcf and get excited. Imagine if it's ten times that? Why would they estimate that with their best tech if it's very unlikely? Maybe it's a coin toss? I Sometimes get lucky and win those coin tosses. Well I currently own 4.4 mil lottery tickets on this. Not including another 300k shares in my nephews account. Even with a float of 100 mil. We are slowly cornering the market. I had the gut feeling to try to buy 2million shares at .001 , 2 years ago but just missed the big one. I barely got 100k around .003 back then. Oh well. Still a long shot for it to work out completely perfect in my favor but the odds seem to get better each day. I sold Apple and Netflix way too early. Ten years ago plus. I'm not doing that again with fecof . Fecof is speculation and not growth like Apple. But there are conformations across different agencies. Let's drill baby drill!!!
Is it worth buying option leaps in this stock or has it made its huge runs already. ?
That's a great comparison. I had to read it twice to grasp the relevance. Since they went off/ away from
The equity valuation method ( for their own benefit). ,,,, they tried to manipulate the excuse of an open market valuation using their own parent companies to manipulate the price to effectively cheat us from our shares that didnt even need to be sold in the first place.
It's important to note , that the last huge dilution they did, which they've also done before that too, was in the manner of subscribing twice as many shares outstanding , in which the owners ofshares, including fecof had to come up with their share of the debt or be diluted. I think it was 39 m shares before and it doubled to around 78 or 79 mil shares. That .30 cents a share can be argued that it was more generous then the .50 cents years earlier when they also got cheated, again. Double the shares is like 60 cents before the 2 for 1 split.
BuT considering that this was back in play from 2016-2017 with pxp and duterte restarting diologue to get this done, and eliminating the threat or obstacle that china once was/is/could be again, it's arguable that FEL shares were worth just as much as a company as they ever were depending on how the well gets divided. If it's just giving a more generous contract to the major drilling / CNOOC and not 50% ontop of 50%....then we were obviously embezzled in a fraudulent way. If we convince the sec, and we got some shares back from the fraud it could only hurt pxp minimally. 5 to 10% in share price short term and help fecof enormously.
There's no way that 100% of forum energy was worth as little as 30 million.... 1% of fecof at 300k is what that trade suggests. Especially not when contract talks were renewed and with pxp rising from its lows of 1.5 pesos to around 10 pesos. At around 15 they are more than a 500 million dollar company.
Maybe we should all write to the sec. especially those of us holding shares for that long to help support Irish secret intelligence'S letter and embolden the claim of embezzlement which demands the return of a certain amount of shares and/Or monetary penalties to them awarded to us. They can afford it. The are funded buy first pacific, pangilinans first career job, which he's often labeled a Chinese agent considering where he comes from.
Does anyone want to plan on writing the sec and pxp simultaneously to get the message of unity across? Any suggestions for a more effective course of action?
Someone is having fun with these spreads. Can't wait for that news to come in and give us stability and new buyers.
I don't have all the answers.
My Guess is China may want to hurry the he'll up and sign the framework contract with the philipines since mischief reef is actually the economic zone of ph. And so is scarboro school . If duterte signs off as part of the deal that he allows them to militarize those ph islands to help protect the oil fields together in the same fashion we militarize South Korea then it's a non issue. China needs the ph for geo politics more than they need them. These actions are totally against unclos without the right legality. The ph wanted to sleep with the devil rather than have the international community back then up. His personal hatred for America put him in this situation supposedly to get those 20% Chinese loans to rebuild ph up. It could still work out in our favor more now. Also if china hesitates this bi polar duterte could do a switcheroo if trump makes a deal with them instead to protect ph oil without taking half like china will. How will the philipines react? If resentment grows they could impeach this duterte guy in a year or two. Nobody knows.
All this is a continuation from when Marcos sold out the country when he brought china in to exploresc72 together for a handful of loans. This was labeled unconstitutional back then without a framework contract but china wats to finish what they started regardless if it's beginnings were a corrupt act against the people. Obama failed the community there for not offering to militarize the ph the way we use to have bases there anyway..
Free publicity is good publicity. More people will know about the oil/gasrich reed bank. When I go to check pxp's profile on Reuters it mentions all their subsidiaries except fecof. It's like they don't want anyone to know about their private little piggy bank Fecof. This needs to change quickly
Well. Maybe they wanted to reinvest it into pxp for a more stable bet, I for one added at these prices. 70k shares at around .025. I'm not a rich man. I might be on paper one dayif this goes to a dollar . I wouldn't consider rebalancing anything into pxp unless fecof ran to 15 and pxp didn't move at all.
Things will get exciting when we send the draft over and even more when it's signed.
1 million shares isn't really all that much. It's 20 thousand dollars at 2 cents.
We have about a 25% float 100million shares. We once traded 30 million shares in a span of 2 or 3 days at 6 or 7 cents when we were going to start subphase 2 and drill the well ourselves. A very confident move using 25 mil of forums money to do it 5 or 6 years ago..... but the Chinese threat was real and there was a moratorium on drilling..... the court ruling in our favor,,,, and now negotiations with the Chinese to eliminate any threat and actually fast track the drilling from the delay the Chinese caused us in the first place. Oh well. Better late then never. No bad news!!
Natural gas futures fall to a new LoD following storage dataFont size: A | A | A
10:35 AM ET 5/3/18 | Briefing.com
Commodities are beginning the day lower Overall, commodities, as measured by the Bloomberg Commodity Index, are currently -0.2% at 89.29Dollar index is currently -0.4% at 92.22Looking at energy...June WTI crude oil futures are now -$0.55 at $67.38/barrelIn other energy, June natural gas is -$0.05 (-1.7%) at $2.71/MMBtu following EIA dataFor the week ending April 27, the EIA reported that nat gas in storage showed a build of 62 Bcf to total working storage of 1,343 BcfMoving on to metals...June gold is currently +$8.30 at $1313.90/oz, while May silver is +$0.10 at $16.48/ozMay copper is now +$0.02 at $3.09/lb
You all wanted higher volume. There it is.... unless you think this deal is dead, which it isn't, tell your friends to by some reaaaaaaaallly cheapbraffle/ lottery tickets here in fecof..... I was yelling buy buy buy like that but job Jim Cramer under a penny last month..... considering the very positive progress being made I'm still screaming Buy but under .025. , Obviously consider the speculation, as well as the reward. Tell your friends to buy some high risk/ extreme reward for their portfolio too. As the days go by this becomes less high risk and just medium risk in my opinion.
The ph senate met last week to discuss advise on how to set up the legal framework for fast approval. It's moving faster than they've ever moved something in the philipines before with a strong desire to just get the damn thing done asap.
Welcome aboard impacto
I'm buying it , or already bought it as high as 4 pennies recently because of the speculation of an incredible potential if the contract gets signed which all signs show that it will. I could care less what technical show. Yesterday the technicals for nano Nano matrices was a sell, they announced incredible earnings beat and growth and jumped 26% today. Will probably double in 12 months. Same as fecof. I care not if it drops to 2 pennies on profit taking. This can be 50 cents in 6 months or less
Ps. How did you hear about fecof? Most people don't know where to look on this hidden value at a big discount to its pxp counterpart parent
http://manilastandard.net/mobile/article/264476
Released 2 days ago. How did we miss this one? Looking good. Also.
https://jip.ph/pxp-energy-sends-feelers-to-cnooc-for-possible-joint-west-philippine-sea-exploration/
http://news.abs-cbn.com/business/02/11/13/us-agency-sees-huge-oil-gas-potential-spratlys
That's one of many articles linked to the us energy depts estimates on the reed bank. Seismic surveys from wetherford were estimating means of 8tcf..... maybe the us energy dept knows more.
It's important to note that is energy reports were pessimistic on the south China s a reserves in the mid 90's. While China who helped survey the reed bank way back when were extremely optimistic with their first hand knowledge.
The us energy dept has been changing their figures upward by quite a lot trying to catch up with China's figures. So this is very very optimistic. Claims that the south China s a can be second to Saudi Arabia!!
Russia also has like 5000 tcf untapped has as the largest gas reserves. Keeps gas prices low. But change them into liquified gas for countries like Japan in need of importing energy, and we have a cash king.
I personally doubled down when the stock suffered from this activity. So far I'm being rewarded as my 45k is worth about 185k on paper right now. I am holding for drilling and will re evaluate my situation then. If we still had 18% I like to think we would be seeing 10 cents way sooner but many of you would not have been able to add during this period. Turning a negative into a positive. He'll..... I might still lose everything but I'm gonna stick with it.. instead of using interactive brokers to buy pholipino stocks like someone suggested, I could have done just as well buying "ibkr" the last 5 years instead of this, But this stock and situation still has possibly one of the best future returns I've ever been able to personally calculate, risk asses and enter. 3tcf alone which they have already verified in one hole, can turn this 4 penny stock into 11 dollars in 25 years.....2 dollars within 4 years. And like I said before 5tcf into 22 bucks.... what would 20tcf do?? Just hold with patience. I'd still buy this stock with only 2% in sc72..... just maybe less of it.
Yes Edward, as minority shareholders we will always be outvoted by companies that own the majority vote. But that's not a green light for embezzling and fraud. That's what sec laws are for.
We keep talking about the decrease from 8% to 6.8% which was a clear sign of greedy actions I. Which they can argue they somehow paid a higher market price which is incorrect. The real big crime here was the theft from the dilution in which we went from 18% to 8% , because pxp who owns us decided not to loan us the money and had us diluted in which they gained the shares from us in that way. We should do the math and find out how much per share they got from us with that crime!!! We new pxp was talking with china and MVP since 2016 and early 2017. They new ahead of time and allowed this to happen in their benefit.
Having said that, I'm still not selling a share as I feel this contract will happen before any threat of further dilution and that I can eventually have a shareholder lawsuit against pxp, not fecof the victim. But my strategy is to do so after the contract so minimal damage is done to keep this contract from being delayed more.
Reply to my letter about annual shareholders meeting and if they have me registered.
"
Sorry that your earlier attempt has failed to reach us.
The date and place of the next shareholder meeting has not yet been set but
it will be later in the year.
Notice of the AGM and the resolutions and proxies will be distributed to all
registered shareholders and posted on the Company's website.
When the time comes, please ensure your ownership is registered
appropriately with the Company's transfer agent Computershare.
Thank you for your interest"
FEC RESOURCES INC.
The title said they started to talk. But pangilinans quote is only that they sent out feelers that they are ready to talk..... so no talking yet!!! Lol. Don't get over excited yet as I expect low low volume until real news comes out and real progress. We are just hyping ourselves up for nothing and then get disappointed when pxp is stuck at 15 and fecof at 3-4 cents.
All in due time but not this week, maybe not next week either. I imagine a framework contract gets signed first. A previous article said "we don't expect to make contact til next year" which had me scratching my head if this was a quote from last year or what??? The video with Ceytano is a good watch. He seems very confident and makes it sounds like the companies were already talking....... I do t know who or what to believe. Lots of poker hands, and poker faces. But the deal and asset are real. I think we're at 60% to 70% odds from signing a contract. But that's not 100%. Gamble responsibly. Do what I say. Not what I do. When Deal gets signed and it's not gamble bf anymore.
You sound surprised . They infiltrated years ago. That's why I openly call them crooks and theives. Thankfully we have close to another 2 years before being diluted again . I hope before that time a contract would be signed and we can borrow against our equity or be bought out by pxp at a fair price or with pxp shares. Since I really do believe there's a small fortune in that field.
Hopefully the sec will find some conflicts of interests there and award us back our percentages...... how about give me back my 18% and do an honest attempt for a loan to keep us from diluting down to the 6.8% we are at now. Would be nice to see the stock triple on that news alone but I'm being overly wishful here.
I'll admit it's a bit risky getting the sec involved so early. I would have preferred later, but I'm hopeful something good may come of it by at least keeping the wolves at bay from trying those tricks again and without cause like they did.
https://www.google.com/amp/www.gmanetwork.com/news/news/nation/651629/duterte-sensitive-on-benham-rise-won-t-jet-ski-to-south-china-sea/story%3famp
Why does this fool , the people's president, contradict himself so much? Is he bi polar? He might go down in history as a traitor 5 years from now. In a similar fashion to Mussolini.
Yeah.... and to just think..... we would be into our 5th year by now while our 18% in sc72 back then was giving us millions in dividends each year, if china just backed off or if the USA navy was invited to protect the economic zone of ph for the drilling. Duterte is so anti American. A hippo rite with an ex wife from America, that he is now giving away billions of what was rightfully the philipines. China uses unclos to their benefit , but disregards the laws when it's against them. They should have called China's bluff the way trump had the balls to call chinas bluff on trade. Without the USA consumer china will have the greatest depression of all time and I'll just have to buy a few less t shirts. I could visit good will and find made in America products from 50 years ago that's better than Chinese crap. Slightly used and even cheaper prices. So some of the tech goes up. So what!!! Turn China into Japan after they implode too!! Just saying!! I have a Chinese gf by the way. Lol.
Hold tight. I'm very impressed that none of us are spooked or taking 300% gains...... it's a very strong team here. We just really need new buyers quickly for a respectable volume and show of demand for our shares. Talk of finalizing a draft for china to look over should get more newsworthy. I advise everyone to leave comments on those articles to direct traffic to us and to fecof stock as the best way to invest in the sc72 play in motion.
Also take the time to write to info@fecresources.com asking them if they have you on their list and contact info to be informed of when the annual shareholders meeting is as you plan to attend. If we all do that this week, and they see like 30 people writing them, they will know we are organized and think twice before pulling some more dilution crap in the future. Do it soon as the sec is already asking them about that last 1 million share trade. Would be nice to go back up to 8% or get twice the cash for dilution free worries for 3 or 4 years.
Using the Malampaya comparison valuation model.
If we find just over 5tcf in sc72. Its roughly twice the size of Malampaya.
According to ongpins video remarks Malampaya is 200 billion net profits.
My estimates are a more conservative 150 billion lifetime by 2025. Roughly 24 year lifetime if I have it correct that Malampaya started producing in 2001.
$22 a share.....$$22.00 a share .
Ph and china deal gives ph 60%..... that's 180 billion net profit lifetime ( no P/E ratios)
The break down on costs , splits , etc is already priced into the Malampaya net profits as a whole. Maybe just taxes are the missing variable to be fair.
Fecofs 6.8% of forums 70% of sc 72 is just under 5%. So I'll be using 5% for sc72
Fecofs. 5% is 9billion lifetime net profits..... divided by 409 million shares is
. $$22.00 a share!!! ....net profits alone. No interest calculated but pre-taxed as well.no money reinvested is calculated. Ive used Malampaya figures and not considered upward prices of 100 dollar oil and inflation adding to the price of gas and oil.
The risk is that this deal doesn't get done which I doubt. Another risk is that we get bought out by someone, but if it's in pxp shares we still benefit in the rise. Orwe get cashand miss the ride. If this takes more than two years to get moving we can get another million shares diluted and have ownership drop to 5.6% of sc72 , which I'd still be a buyer of this stock.
I'm 45
Upside really beats out risk as long as you diversified this into your speculative high risk play then it's a great play. I'm more of a gambler and taking a bigger risk than that since I don't see opportunities like this often. I've already held on to it from .06 all the way down to .0012 so I am ready to stomach the risk again. But I'm looking at dollars now. Not fractions. Go fecof
I'm 45 now and might not be patient enough to wait 25 years to get that lifetime return when I turn 70. So I reserve the right to take my winnings early as most powerball winners do. My 4.3 million shares would equate to close to 90 million so hopefully I get a very generous lump sum amount. At least 5 years into it. All speculative!! But probable.
Welcome to the message board DD. May I ask how you heard or found the interest in this fecof stock? We are trying to bring more attention to this huge reward/situation play albeit speculative play. There's always risk but we think this stock is very undervalued considering its potential.
Also to answer my own question. One of the articles I just read had m v. p. Pangilinan
Quoted as saying in favor of ph. 60%
So the 60/40 split is ph 60%? China 40%? I assume that but wasn't clarified.
If they find 10tcf in sc72. ... an extra 10% for ph is a big deal compared to a 50/50.
If it's 20 tcf. The high end expectation. That extra 10% is almost another Malampaya. There's lots at stake here. With the arbitral win he could have had the USA navy protect them for a 100% ownership. A 70/30 split would have been a more nogotiatiable number to start with. Deterrent has zero negotiation skills. He needs a few lessons from trump.
We all want to see it go up from here but the fact that it's holding up on a nonew day is a testament of our strong hands. Patience. Lawyers will triple check forms. Maybe 2 or 3 weeks and probably china won't agree on first try as they add their stuff. Another 1 weeks added..... total of 3 months on the safe side. I'm sure they have a fax machine by now in the philipines so we don't have to wait for a specific meeting to hand it over
Extreme stories get the most attention. I can see 100 a barrel. Many analysts say there's no reason for it to be over 75. Last time it had a huge run it was George w buying up the entire market for our national reserves, which was really just an excuse to make his oil buddies all into. Illionaires as they sold put options and grew their earnings tenfold. Halliburton also went up 1000% when in Iraq. No conspiracy needed when it's all out Iin The open like that.
I just checked for short squeeze on fecof on shortsqueeze.com. It's just 30k shares short. Nothing there really.
Hold for news even if it takes 3 months. Take a big step back and you'll see a beautiful chart. Up close we are just missing the .056 for now. All in due time. It will blow past previous numbers when certain contracts are signed.