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i agree with you 1000% on that one,
thats why i'm still nibbling at the ask...
but theres no way i can move it higher, except for the time when the bid and ask were .005 and the ask was .01....and i went ahead and bought in for my nephews account at the ask.that was the only time i could say i single handedly moved a stock up 100% adding millions to its market cap.......with a lousy 1,000 dollars.
seriously though, I hope some big investors come in after the news. I think institutions would only come in if they could get a big piece of the pie,,,like a secondary offerring or something......which is my guess......
if everything plays out to our advantage, similar to a buyout offer since shares are so thin, would be a secondary offerring at i dont know what....my guess is 40 cents, justifiably so since they will need large cash investments moving forward....anything less than .40 and i will feel robbed.......on its own though i could see it hitting a dollar in less than 2 years.Conservatively
thanks for the story,
i must tell you though, i use etrade, and my etrade showed the bid and ask when i put in .0412 and the ask jumped to .0414...dropped to .0413 for a minute, and then went back to .0414.....where the ask eventually climbed to .0425......so maybe theres something to your story, but my etrade definitely places the order in .0000 and reflects the trade in preference accordingly
this is a detailed account of how i put some orders in today and how the market makers whom i dont trust handle the order.
i put an order to purchase 75000 at .0385...........the market maker made it .039....i then changed it to .0395 all 75000 shares<but without an all or none/non restrictive>, and they jumped their 5,000 share order ahead of mine which is illegal........they were posting .0395 to .041 and not reflecting my order at .0395
at 2:00 i decided to just jump the whole spread to get filled and did so without an all or none order.....
So i changed it to .0412 and all they gave me was 5000 shares.........200 dollars worth..what a joke.
I went out to do some errands.........when i came back near the close of the day..3:50 p.m. 45,000 of my 72,000 order was filled........all this crap just to buy less than $2000 dollars worth of stock when i intended to buy $3000.
anyway, I hate marketmakers, especially when its just one running the show.
I pulled this$$ outof my credit card at 0% interest for 12 months, with a balance transfer from one card to another....3% fee on one end and 3% on the other...so 6% upfront but i can sit on it for 12 months interest free.....less than getting this on margin.....might help my credit score too.
an update : just before the close they decided to completely fill the order...just incase i wanted to pay more i guess..
Tue Apr 05 15:57:26 2011 Buy 4900 FECOF Executed @ $0.041
Account: xxxx-3265 Your GTC buy order for 72000 FECOF at a limit price of $0.0412 was partially executed at $0.041. There are 0 shares remaining that await execution. See order # 5277 for details.
hello eom
I hope you know that ive grown to respect you and your opinion over the months, despite some sarcasm on your part from time to time. I am long just like you......but i wonder if you intentionally pick out the quotes you want to hear........all this outlook from rosy colored glasses...........why not just leave the entire article as is, which includes all the negatives and risks involved with this too........Its better to be weary and a bit careful than to just be completely optimistic with your stock.let alone one that is highly influenced by chinas handling of the issue....these are some quotes that you left out....all at the end of the paragraph....you should not disregard them...china can say they are open for discussion, but so far this is their stance:
China claims indisputable sovereignty over the Spratlys, which it call the Nansha Islands.
China warned last week against any oil exploration in waters it claims in the South China Sea following the Philippines’ announcement of plans for possible drilling in disputed waters.
The Department of Energy said that UK-based Forum Energy had completed a seismic survey for the Reed Bank, near the disputed Spratly islands.
In a statement, Forum Energy said it had completed a seismic survey on the Sampaguita gas field off Reed Bank, which is much closer to the Philippines than China.
However, oil and gas exploration in the waters it claims without its consent is illegal and invalid, China said.
actually they may be using sandpaper exposing the reverse side for maximum efficiency in their homemade masks.....these are true patriots to their country, helping to keep costs down.....now you know where china gets all that free flowing cash from...........the absence of safety, human rights, 2 dollar a day wages, and the lack of clean breathable air.
For all of americas faults...and all its debt, i wouldnt want to live anywhere else and i already have a summer house in greece. Overrated.
by the way, i just put my money where my mouth is and upped my shares to 250,000....my average price isnt as low as i'd like...its 4.3 cents........but i'll be buying a huge house in the real estate action markets once this puppy gets closer to a dollar..........even if it take 2 years.
besides the results of the seismography....big investors want to be sure the wells drilled are able to succesfully and efficiently pull out the resources......if so........wow...we should all meet up on the spratly islands 2 years from now to celebrate during our resort vacation.Caching.........if this goes bust you'll find me floating face down in the same place.
glta
all jokes aside:
i crunched the numbers again.....
they say there 5,500 cf of gas in a b.o.e. barrel of oil equivalent.
I decided to be a bit optimistic and rounded up to 4 trillion cubic feet.
then devided and came up with roughly 720 million b.o.e.
at roughly $100 dollars a barrel you are sitting on 72 trillion
lets say its way off....like 50% off............ its still 36 trillion...........and just 1% of that is still 360 billion, and 25% of that makes fecof a future skyrocket of a stock ..........Fep even bigger but i cant buy any of that.
and to think of the possibility of upwards to 10 tcf.....that will feel better than all the sex ive had combined in my lifetime.
Theres some researches right now looking at the numbers and being privy to the information before we can have a look at it.......if only i could have a peek.
theres still big risk here but the reward to risk is like nothing i've ever seen before....the casinos roulette wheel doesnt come anywhere close to this future payout.
this article keeps coming up as some kind of proof that china wont do this or that.......its an opinion not fact and it is not a memo from china.
the fact is china has never mouthed these words or any clear definition of wether sc72 , our major concern, belongs to the philipines or not <according to them>. If we go by their maps outlined.....it looks so large to me that it includes the reed bank<i could be wrong<, have a look yourselves.
The thing is that map is drawn up as if palawan doesnt get the same water rights as the spratlys.
Yes, it could all be a poker game......but just because some journalist is giving his opinion on what chinas best interest is doesnt make it so.
It hurt the US relations with the middle east when we went into iraq without nato or the un....but we did it anyway.....same with lybia, we didnt get the arab leagues permission but did so anyway.I say screw the arab league cultists but i'm just making a reference point.
The chinese enforced their power in Tibet, still claim ownership over taiwan........
there are even situations when a country says they'll do one thing and then do the opposite. Khaddafi claimed a ceasefire and kept on shooting and bombing. Japan is chinas most dangerous neighbor and they are hurting right now. China never forgets the rape Japan did to them in world war 2.
To put words in chinas mouth would be foolish.....maybe we should follow the Nido driller and see how that plays out...they are scheduled to drill very soon and are in a similar situation as fep.....if china doesnt fuk with them then they most likely wont fuk with us either. Basically, dont tell me, Show me!
the key word is 200 miles off the coast of each islet............ those spratly islands are all next to eachother and owned or claimed by 4 different countries....<except china thinks they own them all already>....legally if they were all recognized those lines would run into eachother......The chinese have already outlined a map pronouncing they own the whole of the spratly islands which is why their navy found it permissable by their own maps to tell the exploration vessel to leave.... as if palawan doesnt get its own water rights.
I posted the outline map weeks ago that the chinese go by.....and it looks like it includes the reed bank...NOT ThAT I AGREE WITH IT.
Furthermore, a chinese driller? Made in china? Get ready for a natural disaster oil spill that will make BP look like an angel.
wow...once again , garbage.... you make a list and i should take your word for it?
wow.texe.....i dont want to start insulting you yet........i'll give you a chance to prove yourself first.
just because you say something is recent, doesnt make it true...where is the date?? furthermore, if youre pointing me to go pay for a report by fastmarketresearch, a report of a bankrupt company, then you should be ashamed of yourself. You are a fraud unless you show otherwise.
whats the most recent release of news for this?? how many employees? it only had john stanton as an employee before it went under one penny and hes in jail now.
yup micheal milken would be proud of that spread............this is why we need more market makers on this...even as the shareholder base for this grows...it wont be a stock you daytrade and its not something someone will ever feel comfortable putting a market order in for it.
also one market maker can run it up rather quickly and dump it rather quickly not allowing us to make a timely, informed decision when doing so.
glta.
what good are those patents if this company is defunkt???
its bankrupt......just a shell now.........
someone will come along and just buy the ticker symbol for a new corporation...everything you list is old news...John stanton and a 5 of his fraudulent companies are closed...........do some research..stop misleading honest people into a fake company thats closed...there was research with the company in nanobacteria....and it was discredited,dr. ciftoglu is some turkish doctor that got her degree in a crackerjax box.........the science was discredited and they were using its promise for a stock scam called nnbp......end of story...I challenge anyone to prove me otherwise....John stanton is in jail right now...go look it up....the ceo...gm...one man show....convict.
it hasnt Always been a long term buy,,,there was more risk to this before it became a service contract.........and also a dog of a stock without a followup of 3-d,,,so in some ways its better now,,,that at least its not dead in the water and we will soon find out the direction,,,,good or bad
yes......very good point......and china has been doing exactly that, Buying everything...including 25%of usa treasuries..........oil wells around the world, etc.
they will continue to do so i'm sure......
but why BUY BUY BUY our expensive computer software, music, dvd's when you can just take take take like a good communist always does?
besides, national pride and strategic border location is of importance here. China wouldnt want such an important gateway closed in on them by countries it one day wants to occupy.
China is a work in progress.........learning how to take the world over financially, but at the same time they want to make their own rules staying true to their forceful communist ways.
I'm 38 years old.....and i remember when i was young England was actually considering not returning hong kong to china despite their 100 year agreement...that between world war 1 and world war two these gov.t agreements were invalidated...........well, england saw china mobilizing on the borders.....and everything fell into place for china...regaining a son they never raised and beneffiting greatly from the rent money <taxes> the city of hong kong generates for them every year.
they can certainly buy, but like the video shows the battle of 1988, they can more easily take take and take some more...........The usa is using its force allover the middle east right now, why shouldnt china do so as well in its own back yard?
ive recently posted the youtube video of the spratly island battle....i used the word war by mistake but a battle is like a small war anyways....
i've been trying to add it all up.......please help me fill in the blank spaces....
according to their FEP homepage......they drilled those 3 wells in the late seventies I think..........before fep took over that company back then...............Sooooo.....
was there any conflict or words when that drilling was done back then? I mean, they actually drilled wells let alone just scan the area for images....so... why or why not? this might help make some better guestimates on how this might play out.
disclaimer:
past events should not be held as future indicators, I do not claim to know the outcome of this situation. I own a long position of 150,000 shares in my account and another 100k in my nephews. Glta.
http://www.google.com/imgres?imgurl=http://media.stratfor.com/files/mmf/a/2/a24a2a8b5995e6572417c04d8f5ddf3eba539ceb.jpg&imgrefurl=http://www.stratfor.com/analysis/20110303-philippines-and-china-encounter-reed-bank&usg=__Mn8f-qKgqz6TBL3R7mBC5vNZNDw=&h=318&w=400&sz=33&hl=en&start=0&sig2=hBrATT43lIdUro_I9sO3IA&zoom=1&tbnid=diQ9UZRIhytZFM:&tbnh=131&tbnw=166&ei=_1aSTcbjJuaF0QHWxdTMBw&prev=/images%3Fq%3Dservice%2Bcontract%2B72%2Breed%2Bbank%26um%3D1%26hl%3Den%26sa%3DG%26rls%3Dcom.microsoft:en-us:IE-SearchBox%26rlz%3D1I7ADFA_en%26biw%3D1022%26bih%3D575%26tbs%3Disch:1&um=1&itbs=1&iact=hc&vpx=744&vpy=280&dur=374&hovh=200&hovw=252&tx=139&ty=136&oei=Y1WSTbrBEoW_0QHu6_HNBw&page=1&ndsp=15&ved=1t:429,r:14,s:0
looks pretty damn close to mee.......too close for comfort.
have the chinese laid claim on the reed bank as well.....is that what they consider part of the nanshi islands as well? I think thats the most important question of all at this point in the game. If not, if they admit and conceded that the reed bank is specifically philipino.then we are in the clear...I know the philipines dont consider it a part of the spratlys but what have the chinese said about the reed bank?
http://www.worldaffairsboard.com/naval-warfare/50763-youtube-3-14-sea-battle-spratly-islands-1988-a.html
clip of spratly island war in 1988..............enjoy
i can honestly answer your question with " i don't really have an effin' clue"...........hitler didnt need to expand his empire either and the british were suprised when he did.....You simply never know............Obama promised to get us out of Iraq on day one and now we are in I dont know how many effin desert countries spending cash we dont really have...
all i can do is bring up possibillities...if you say maybe A....I will say,maybe B and possibly Z...dont leave any letters off the table.
i have included links to different pics of the spratly islands......if you google map it the underwater terrain looks like nothing ive seen in other waters..like submerged rolling hills definitely containing one mineral or another.
http://www.google.com/images?rls=com.microsoft%3Aen-us%3AIE-SearchBox&hl=en&source=hp&biw=1111&bih=575&q=spratly+islands&gbv=2&aq=f&aqi=g10&aql=&oq=
i think thats exactly right, there will be some conflict in the spratly islands for sure. To what level or extreme nobody knows for sure.........I'm hopeful that no conflict will come of the reed bank being so close to palawan.......
I think the iraqi reserves in the soth china sea are dead center on the spratlys and it will get very interesting. Not much if any population there right now so I think the first ones to agressively take it over will get to hold on to it..........the combination countries of asean may very well be able to keep china at bay over this. Besides political strategy being in aseans favor....They also have the geographical upperhand against china.....china would find themselves surrounded in the south china sea in a naval conflict.
Very similar to the story learned in thermopolis with the 300 of sparta............geographical location is key to most of these battles.
I just thank god that china is just quasi communist changing ever so slightly toward unbridled capitalism, instead of it being some cultist islamic nation........otherwise we'd have world war three by now.
i would agree with you,
huge news could come of this.........hugely good, and/or maybe hugely bad...depends on how it will perceived by the majority of the shareholders old and new.
one thing that should be noted is that this is an annual meeting they have and not made specifically to discuss service contract 72/ the reed bank. They should get to discuss it in my opinion but its not out of the question that the chineese could choose to sidestep and avoid discussing this issue altogether for a later time. If forced to respond they will more than likely reiterate their current and persisting statement that the nanshun/ spartly islands are chinese.
besides the fact that china is oil hungry and desiring to continue their amazing growth while looking for future energy supplies, they are also looking at asean as current and future competitiors who could slow down chinas growth by taking their business away. Therefore just keeping that oil supply out of the hands of asean countries, who would benefit greatly and get a boost to their growth from it, is most likely another factor and reasoning behind chinas harsh stance. to simply keep their competitors down.
I think the reed bank will be resolved........but i think spartly islands will be tied up for decades.
glta
you guys might have a point about this stock having a thin float. The possibility of philex buying fecof and fep stock in the open market, or any other longterm investor doing the same would continue to make this a thin float and influenced even by volume less than 300 k.
The thing is...if the stock moves up to lets say .15 cents on only 300 thousand shares traded daily<something easy to manipulate for a week or two>........how do i know its not being set up for a pump and dump by the market maker?
I am happy to see the bid and ask being less of a spread with eachother. .0485 to .049.......percentage wise its gotten much better between the bid and ask.
p.s. regarding china............ I think if the commies would come right out and admit that sc72 is totally in philipines waters then speculation on this would have it over 10 cents by now.......and the report anouncement would have its full affect on this stock. Without chinas blessing the risk factor will keep the stock much lower than it deserves even with a great report.
volume is improving a bit.......
but i dont think a million shares trading on this stock is a big number....it should be our daily average if we want to see this slowly improve higher and higher.
a million shares at 5 cents would be 50 grand.........chump change......now if we see someone with conviction come to the table and drop 100 grand on this...and some smaller guys like us adding a half a grand here and there........volume should easily reach 3 mil and more....and i think we need that just to get to ten cents.
glta
according to your post china still remains a risky situation, but much more riskier, maybe even catastrophic for the companies holding service contracts in the spartly's.,,,,if there even are any such companies in that situation.
this situation might actually become beneficial to us short term...........because we will remain one of the few games in town / in that philipines region...and therefore demand a good contract benefitting us more, rather than the future partner.
A successful development should make china salivate and come to the table with asean rather quickly to develope the rest of the spartly region......or a military takeover of the spartly islands...one or the other.
thank you for your efforts to post me an education in this sector....I really need one and every little bit helps.....I'll be going thru the links shortly.....thanks again and glta
article on mmbtu pricing and lng
New Delhi, March 22: An inter-ministerial panel this week will deliberate on subsidising costlier imported LNG by making consumers of cheaper domestic natural gas pay more.
The inter-ministerial committee, headed by the Planning Commission Advisor (Energy), will hold its first meeting this week on a mechanism for averaging out the prices of costlier imported LNG with cheaper domestic gas, official sources said.
The panel was constituted after Petronet LNG, India’s largest liquefied natural gas importer, contracted LNG from Australia at a price that is four times the rate at which most of the natural gas produced from domestic field is sold.
Australian LNG, which is to be imported at Petronet’s under construction Kochi terminal in Kerala from 2014, is indexed at 14.5 per cent of crude oil price — the loading price at Australian port will be $14.5 per million British thermal unit at $100 a barrel oil price.
After adding $1-1.2 per mmBtu towards cost of shipping, the gas in its liquid form in cryogenic ships to Kochi, 5 per cent customs duty ($0.77 per mmBtu) and the cost of converting the LNG into its gaseous state, the gas ex-Kochi will cost about $17 per mmBtu.
This compares with $4.2 per mmBtu price of majority of gas, the sources said, adding that the panel will suggest how these two prices can be pooled or averaged out to make the gas affordable to power and fertiliser units in Kerala.
However, the constitution of the committee has come in for questioning by some quarters, who say inclusion of the officials of Petronet, a private company, and the state-owned gas utility GAIL are a conflict of interest.
Petronet and GAIL, which is a promoter of Petronet and principal marketer of the Australian LNG, are naturally inclined towards price pooling.
Instead, upstream regulator DGH, they say, should have been co-opted as a member of the committee to detail the implication and complication of such proposal on contracts of the fields awarded under the New Exploration Licensing Policy.
Previously, GAIL had commissioned a study by Spanish consultant Mercados on the feasibility of pooling of over a dozen different rates at which natural gas produced from different fields in the country is sold.
The price for domestic natural gas ranges from $2.71 to $5.73 per mmBtu, LNG imported from Qatar on long-term contract is currently imported at USD 6.92 per mmBtu and from spot market at $8.50-9.50 per mmBtu.
here goes a crazy math analysis....i'm sure its not gonna be perfect because it depends what grade gas/oil which we dont know yet. and i'm not sure if its the way the industry values their assets but out of curiosity this is what i come up with..
natural gas per cubic foot has roughly 1000 btu's
so... 3.4 trillion cubic feet = 3.4 quadrillion btu's
there are 1,000,000 btu in a mmbtu
so.... now we devide
..... 3.4 quadrillion into 1,000,0000btu's
and we have 3.4 billion mmbtu's
multiplied by $3.85 per mmbtu
and we have $$13.5 billion in worth....minus a shitload of expenses..and still.if they manage a 10% profit margin.and for all i know that might be too high or too low......fep could make 1.3 bil......if they actually find 3 times the tcf <10tcf>then maybe they make 3 bil.
the price of mmbtu could triple or be halved.its a big variable.My guess is it goes slowly upward since the futures analysts keep telling me that natural resources are in short supply to demand and should continue to rise.
Maybe i'm wrong to try to figure it out this way..but i was just curious.i really have no idea how they really value the assets/worth of unexplored gas...glta.
you might be right after all.
i started looking into it and thought that according to the fact that a million cubic feet of gas is equal to 1 mmbtu all i had to do is multiply 3.5 million times the cost of one mmbtu which is around 3.85 to 4 dollars.......unless its the futures contract in april 2015 in which case its $6 per mmbtu......and i was scratching my head that this just doesnt make sense.....and then i found this article which explained my folly on the very first sentence.
http://www.natgas.info/html/natgasunitsconversion.html
What Does Barrels Of Oil Equivalent Per Day - BOE/D Mean?
A term that is used often in conjunction with the production or distribution of oil. One barrel of oil is generally deemed to have the same amount of energy content as 6,000 cubic feet of natural gas. Investopedia explains Barrels Of Oil Equivalent Per Day - BOE/D
Large oil producers are evaluated and refer to their production by the number of cubic feet of natural gas, and/or by the barrels of oil equivalent, they produce per day. This is an industry standard, and a way that investors can compare the production and/or the reserves of two oil/gas companies.
i copied and pasted this definition of boe...another one i found gave the number 5847,,,,,so 6000cubic feet to one barrel is a rounded figure..
I checked your math because the numbers seem too juicy....... but they are accurate in the conversion.....BUT.
.....BUT......I think this relates to energy content strictly.....the price of gas and / or its equivelant to a barrel of oil I'm sure is not the same in the open market...maybe its more or less, we should check....
then there is the cost of this production.............is it cheaper to produce, store and ship gas or is it cheaper for oil? i keep hearing about liqiufied natural gas...is this an expensive treatment for transport?....either way...I see fecof as a billion dollar company in 3 years if All goes right..the rest is gravy. Unless they finally come out with cold fusion and insanely cheap energy in 5 years.we should all be vacationing on the palawan islands in 3 years racing our <rented>yachts...
i wonder if the 440 million barrels of oil mentioned on some chinese research study was oil itself or referring to the conversion/equivalent of gas recoverable<the 3.5tcf of gas itself>. If its extra then i'll be shouting for a 5 dollar stock minimum.
I am still not positive if this research was that entire region or specifically FEP's asset. Furthermore.I hope this new research will be specific when they release the new numbers about what is specifically estimated in FEP'S asset holding .strictly service contract 101 and not just the area.
glta
i like to be upfront and honest on my research abilities.
ask me to analyze a regular growth company like netflix or true religion jeans and I'm very good at it........ To analyze any type of oil and gas driller.especially a speculitive one at that, and I have absolutely no clue.
I can only suggest as one would do in real estate, making a comparative appraisal.........I think the malampaya gas field with their 3 tcf of gas and in the same region should be as good as a comparative as we could hope.
After someone posted about nido petroleum today.....i did some research on them since they too are off the coast of Palawan,,,,nido island.....i read that they had a well that they terminated last year..it was a bust, water seeping in.etc<on their website>...so this geography as successful as malampaya has been, still poses risks.......and i wouldnt know how to evaluate those risks......thats why i refuse to put more than 15% of my money on this company.even though i feel that lucky number 7 is gonna payout on the roulette wheels next spin.
I would love to hear from someone who is a specialist in this sector to step up, and lead us correctly on what to look for, what to expect, and how to properly value this going forward when speculation is done.
I agree sagedono, it does sound lofty on the surface, but.........
I am not a pumper of this stock....i try to be conservative even pessimistic for my own good.....I was even accused as a basher by a few on this board who were quick to judge.....but the TURN of events in just the last 3 weeks has me seeing FEP being valued rather quickly, as around a billion dollar company if its resources are validated, and with 25% ownership for fecof that should equate to around 200 to 250 million market cap......considering at 4 cents its valued at only 17 mil currently.........this is the foundation of my reasoning and basis for my numbers.......40 cents is not a lofty expectation all things considering. and two dollars as an established company with profits might not be a pipedream either.
I remember telling people netflix would be a billion dollar company 3 years ago and they all laughed at me and they had the nerve to tell me blockbuster would beat them.
If china was to invade palawan <which i think is highly unlikely> then i would value this at zero. I was seeing red 3 weeks ago but those fears were overhyped.......I think china is just trying to make sure<influence> that they get to buy some of those resources for their insastiable growth. China has gone as far as canada to get oil and energy.
uuummm..... sounds like youre putting a u.s. stock market multiple on it...... I would agree if you said "fep's market value " instead of fecof's.....I would say it should be around 2 to 3 mil of fecofs market cap value.........doesnt matter really..we're talking about a single tree when theyve got a forest.
Gas, Gold, and IF there is 400mil barrels of oil,,we are talking at least 40 cents short term <5 months> especially when they anounce a partner soon after they reveal the details in the 3d.....
Am i too optimistic to think this could be a 2 dollar stock in 3 years?
Nido sounded familiar so i started digging........
under fep.l's overview according to my e-trade account i found this detail which i've highlighted and I'd like to know if this is the same Nido in their subsidiaries
Forum Energy plc (Forum) is a United Kingdom-based oil and gas exploration and production company with a focus on the Philippines. The Company's principal asset is a 70% interest in Service Contract 72 (SC72), an 8,800 square kilometers offshore petroleum license situated west of Palawan Island in the South China Sea. Its other assets include 66.7% interest in SC 40 (Cebu), a service contract, which contains the onshore Libertad Gas Field and Maya discovery and several other prospects including onshore Jibitnil Island and offshore Central Tanon; and 100% interest in Forum Energy Philippines Corporation a company with varying interests in nine offshore fields west of the Philippines including the producing Galoc field. The Company's subsidiaries include Forum Philippine Holdings Limited, Forum (FEI) Limited, Forum (Nido Matinloc) Limited, Forum Exploration Inc and Forum Energy Philippines Corporation.
2.27% for fep.l in galoc oil field adds up
8000 barrels a day
* 365 days a year
------
2,920,000 barrels
$100. a barrel
---------
292,000,000
* 2.27%
------------
$6.6 mil roughly , yearly Just Galoc,
its not pure profit but it is reveneue...not to be dismissed lightly.
by the way..
I was suprised that fep.l didnt have its own message board here so I hope you folks dont mind that i just started one to help bring attention to fecofs ownership and an avenue of buying fep.l indirectly thru fecof.
if some of you want to help manage the board or take it over feel free to do so......Just trying to get a lil' bit of exposure out for fecof as fep.l should start breaking into some news soon.
glta.
an open question
has anyone been able to successfully buy some fep.l in the open market<aim> or does anyone on this message board own any through a private placement?
that was a fair question...
the facts are :
I've calculated all those sales you have on that link which is an accumulation of a weeks worth of activity.
and we are talking a total of less than 60,000 shares sold and around 55 pence.......pence are like pennies...worth a bit more though.......... so lets say 40,000 dollars U.S....... I cant buy the damn thing thru e-trade, most of us tried..so the market maker and other pros can easily manipulate this lower, especially with its wide spread........50 to 58.....
Ive seen professional traders sell short a stock for a million dollars only to stoke fear and buy 50 million worth of shares back on the long side...
you see it on movies like "wall street".....the "good life"....and the opposite side of it on "boiler room"...those scenes are based on facts and that goes on daily even though it is somewhat illegal ............big brokerages including merril Lynch and goldman sachs pay tens of million of dollars in fines every year for doing just that...scam activities.
Bottom line....if fep is trading at a market cap of 40 mil...then 40 grand worth of sales in a week dont mean a damn thing. Thats why you sometimes have buyouts at a 400% premium....especially on thinly traded shares.
if you are in the mindset of a daytrader, i can understand your analogy...but ive given up daytrading since it use to take up all my time and returned meager results....I spend more time outdoors now living life and getting better results with patience and lessor emotion....consider this analogy instead.
you gave 10,000 dollars to a preconstruction custom house builder...you wait 2 years and he hands you a house that retails for 110,000.
why camp out for 3 days for 30% savings on black friday? my life is worth more than 100 dollars a day.
this isnt some longshot green energy company with just a story..its the real deal with practical use and a high demand for its limited product.
glta
this is found on the cnbc website not because it made for a story on cnbc <although one day it will> but simply because it was released by prnewswire and cnbc search engine can pick it up just like anyone of our online brokerage accounts. End of day trading shows professional strategy most likely by the market maker. He must be lopsided on the short end.
The results should actually make for a story on cnbc asia and may or may not be picked up by cnbc usa. Exposure is imminent...to what extent we dont know...but besides just a story...the value being uncovered will bring in real investors..and if we get to over 100 million market cap then some institutional investors will come in....and if we hit 500 million....many big institutions who are restricted from buying anything under 500 mil will come in and support the stock going forward. Just my opinion but also how things usually take place in the institutional investment spectrum of things. We are still chumpchange for goldman sachs...their loss is our gain "how to beat the market pro's, Peter lynch"
i'm not suprised the buyers are missing......although this message board is 95% behind this stock...we are all pretty much filled with our maximum holding and will maybe add with one paycheck at a time.
the news we are posting is from phillipino news releases, which dont get much coverage even in the asian markets. The results will have to come back fully analyzed, and with great results, maybe even after weve drilled a whole, to get worldwide exposure/news coverage to finally lift this stock.
its rare to be one of just a few in the know of whats going on here, to be one of the first to benefit from an opportunity that hasnt had worldwide exposure yet....and it can be frustrating when you get in and have to wait for the rest of the world to catch up......but it should all be worth the wait because this could be one of those 50 baggers that peter lynch talks about in his book....5000% plus ...5 grand into a quarter mil...Maybe, Maybe not. Carlos slim made his fortune buying apple when it was near bankruptcy and nobody wanted to touch it.......Today apple is bigger than micrososft and carlos slim is the richest guy in the world <not counting the unaudited rotchild's and dirty dictators around the world>.
good luck to all
excellent news,,,after years of silence they are finally putting some effort in their p.r. Must have something to do with the changing of the board.
this info and follow up info of what they actually found will probably be released a day or two before or after the lagoscon gold field in order to give this company continuous exposure in the news with a one two punch of anouncements. Things are looking better every day and a buyout from philex for chumpchange seems less likely every passing day. My guess is this stock will surpass 12 cents within the month making it possible to go much much higher depending on your time horizon.
glta