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Ending the week at .036 is so much better than looking at that .02. Have a great weekend everyone and let's hope this damn contract moves along
Wether fecof goes up 5 or 10% today it really doesn't matter. What matters is if this deal gets signed or not. It looks like 75% it will get signed. Things need to cool off with the ph mistrust of china right now before duterte can move forward with the framework contract without looking like a traitor at this point. Maybe they need a couple of weeks to finish it anyway. Regardless if they gave that contract today the ph people would refuse it so it's about timing. Duterte doesn't want to see his popularity keep dropping.EGO.
He's trying to brainwash his people with a defeatist attitude to get sc72 approved for co exploration and drilled with China
Even though it's still speculation (75% deal gets done) there's no way fecof is only worth 8 mil today considering how far ahead they've come to closing a deal.
If they put this stock on acceswire it would get the stock to 8 cents in a week. Shame on the management of this company. If the deal gets done it won't need accesswite or other news feeds. It will go to .13 on any forward progress on its own and 25 cents announcing a mjotn driller/cnooc contract.
Nobody is disputing that what China is doing is respectable or no big deal. Whatever they gain here in the South China Sea they will lose in respect from the world. And considering they are sooooo dependent on producing garbage products for the outside world , all those manufacturing jobs will be at risk when the world finally decides to do an embargo and stop buying their garbage. China will self explode and all that oil they think they need for growth won't be necessary as their growth will disappear. They will suffer a recession longer than the one japan suffered for 20 years.
I agree with those numbers Irish. And if they find 20tcf in there as verified then you can more than double that 50 cent projection..
That's great Edward, I'm glad you're diversified. Still, if you can't recommend this as a buy to some of your friends as a high risk to medium risk speculative play then go ahead and sell some or all of it if it makes you that uncomfortable. There's not much volume I agree but there will be when the deal is anounced.
What has changed?
China brings bombers?
Duterte addressed militarization including missles 3 months ago and told his people to ignore it, it's not pointing at us, it's meant to keep Americans out when they take over Taiwan. More of a reason to fastrack sc72 so china can show it's not taking over completely but working together with their neighbors and sharing disputed territory to keep the peace. And if they want to protect what will become a 4 billion dollar investment in the reed bank then I don't blame them.
What else has changed?
Duterte approval ratings drop from 85% to 75%.... so what!!! More of a reason to bring wealth to his people quickly. To bring jobs. Etc. to keep everyone happy!
China helping America broker the deal with North Korea means the USA will not push too hard on South China Sea, they just want free passage of goods and not some tariff like they do at panama .
I think this deal will be brokered sooner but might take a bit too anounce after the anti china rhetoric drops a bit in ph.
Duterte quoted as saying " I love china. I love xi!!" As well as saying "xi gives assurance to not let me get overthrown in the govt.". , ad well as "nobody is allowed on Bengal rise, except his friend China" And now
needs to balance it out with tuff talk
China sends actual troops and weapons to finally defeat the Muslim extremist guerillas who actually took over a city . That's a big deal. American soldiers couldn't do that until maybe 6 mos later from congress approval if at all..
I stated earlier that pxp and apx is the safer bet because it's more diversified. But fecof is the one that could rise the most if we get this done this year and I think we will.
Just my opinion!! Good luck to us all , bit the odds are good it's happening.
Trump bargains very high to settle for something close to what is reasonable or expected. But better than before!!
That's what he does. He bargains. The art of the deal. Etc.
We are actually doing well under him and I'm glad he blames Bush as much as he blames Obama if not even more. Problem is we are spending too much but we need better military after years of neglect. It's the best deterrence.
It was like 10 days ago when xi was quoted that he will partner with respects to international law and unclos while he was in Vietnam nam. He has to go slowly though or he will seem weak and he wants to save face after declaring all the china Sea as theirs with that big red crayon marking. Sheeesh!! Lol
Diversify and don't dwell on this daily. My other stocks are rocketing. Egy doubled in a week. But least we forget. Fecof is up 300% in 3 months or so.... we all have short term memory! Patience.
It is very good that he is standing up for The eez He was being too much of a p#ssy before and that could embolden china to just take the reed bank for herself if he continued to bend over like that. And what a punk liar he had become saying that The Hague ruling was passed to his predecessor and he did nothing. He is the idiot for not asking the us to enforce their eez when drilling in the reed bank. He went this route thinking china would give them better loans then the USA would which is incorrect if they drilled first!!!
Nonetheless. These "quotes" are to his small groups of people and not directed at china. They are not fighting if he is strictly standing up for his eez rights and with China that's exactly what you have to do. Vietnam went as far as killing a few Chinese in Vietnam nam to make the point to china to get the hell out of their eez and it worked!! The big dragon turned into a small snake and listened.
This deal is far from dead and could still help them balance power with china , especially now that the FOOL Duterte single handedly allowed china to take the South China Sea both when he was under control of ASEAN and by not demanding USA help and the United Nations help on this International issue. The U.N. community could put embargos on china for taking other countries territories but these fools didn't do that and listened to China about bilateral talks. Divided they fal!! This route he has taken was not the best but it's not a broken one either. It definitely has its benefits after conceding half of your rightful minerals to a bully. China did in fact help them defeat the Muslim extreme terrorists in his country.. there's a give and take there. So maybe I revise my percentage of it getting done down to 78% but it's still very good. Maybe an e tea week to cool things off before giving them paperwork to look over. He took the loans so he has to follow thru now or risk hells fury for taking loans and. It drilling together. He will drill it with them.
https://www.google.com/amp/www.newsweek.com/china-holds-new-war-drills-says-no-way-out-taiwan-929598%3famp=1
Sometimes I gotta wonder. Like when trump spoke with Taiwan on his election win...... was he playing chess from the beginning? Did he just make it seem Taiwan was at play so china could help eliminate North Korea and then they could take Taiwan in the strategic way they are doing in the South China Sea right now? Or am I overthinking it too much. This was just way too easy for china for who up til yesterday didn't even have a respectable navy or a sea/ocean to practice on. Bad trade either way. North Korea would have imploded anyway if we kept starving them to death in the same manner n Korea imploded that mountain..
Yup. Jadestone is a Vietnam company that's why. And they have sc57. Waiting to drill as well. From what I heard , they will drill that before sc72. It was mentioned in an article Ike that once, not sure why .
Also. Our fearless leader in ph had this to say 13 hours ago
http://politics.com.ph/para-akong-gago-duterte-pointless-to-question-chinas-militarization-in-south-china-sea/
https://www.yahoo.com/finance/news/exclusive-vietnam-unit-russias-rosneft-fears-beijing-backlash-024628438--finance.html
I feel. Weird saying this but god bless Vietnam man for testing and enforcing their eez. This can only bode well for the rest of us since duterte doesn't have the courage to demand respect and enforce its sovereignty.
This childish red dotted line map made with a crayon is reddiculous. China demanding bi lateral talks is what my Greek ancestors use to say, divide and conquer. They are all bowing to the bully and taking his advice on how not to push him back. Except for Vietnam Nam. I guess it takes another commie to call and raise the ante.
Crude at record price and bat gas is going up in price daily. Not bad approaching summer.
https://oilprice.com/
I wonder if they will. Tell us the step by step on the framework contract, as in , when they finish drafting it on the ph side. And then send it to China too ok over and sign. Or if they will just announce the final detail of when it's signed or declined. For all we really know , it could be on Xi's desk. I am not certain..
I'm hopeful and wishful. But it's always good to give them twice that amount said . I remember reading articles that many was hopeful joint exploration with china could happen...... article is 2 years old now. We are way closer and more feasible. But they are never on time with what they say. Tomorrow. Or in 2 or 3 months I'd still be happy it gets done. Sooner the better though
Besides the oil and gas that may be found there , there could be rare earth elements like those found on Marcus island in japan(east of Japan/pacific. The same minerals/elements used in Cell phone batteries which China has a stranglehold on. Could be another trillion dollar find there if China was already poking around. I'm sure China will try to dig up an ancient map and claim it as her own now. Lol
At least someone's buying some shares today on a down market day. Go fecof!!
Well said. This is a situation stock not an earnings stock or a steady growth play like the rest of the market...... but once that framework is signed. As they have already spelled out the strategy on a few press releases already, then it's time to open the champagne.
The last few reports sound negative but duterte already said a month ago when he addressed the issue, he said " ignore the missles. They aren't pointed at us. They are pointed at Americans. ". Nice guy. He doesn't do a good job of being a double agent or at least he doesn't try to hide it. I still say 80% or higher this gets signed and done as he needs the gas and has already taken those high interest loans from china. Toll bridges will get more out of American tourists to pay this back. Lol.
First framework, the moratorium lift. Then we drill first like they said. Then companies in contract negotiations.
https://www.google.com/amp/s/sputniknews.com/amp/society/201805121064399872-After-Firing-Top-Judge-Duterte-Gains-Control-of-all-Branches-of-Philippine-Govt/
Well..... at least this decision to move sc72 forward will have less of a chance getting tied up in court with this kind of control. Good news for sc72 investors I think
The greedy communist reds complicate things. They are not a great dragon. They are more like a slimy worm.
I reserve the right to say that. My ex girlfriend is chinese. Lol
https://www.google.com/amp/m.scmp.com/news/china/diplomacy-defence/article/2145242/how-chinas-military-play-disputed-waters-could-torpedo%3famp=1
I still think the d al gets done because now china needs a better excuse of militarizing so close to ph. They can use the excuse to protect their investment. If duterte is smart he will make them pay more for this advance move in our contract . If they date break an international business contract of that scale they will be ruined. Shit out completely. The commies are dumb but not that dumb.
Hey. I'm not intentionally trying to post negative. Or seemingly negative stories about the South China Sea but I'm just trying to share. If duterte had half a brain he can pay his cards right to get the sovereign demands on the contract and still get this damn thing drilled with a 60% ownership now that the damn communists have violated the verbal agreements. If China wants to stay there and "work" with ph and not have the UN and USA force them out they need to sign a smart business deal quickly to justify their damn armament . I still think the deal gets done but it's a bit trickier and we can use it to our benefit .
https://www.philstar.com/headlines/2018/05/11/1814267/duterte-urged-rethink-foreign-policy-amid-chinas-missile-deployment
Officially one month now since they gave the "green light" to make a framework contract. Happy anniversary!!! Can somebody send the philipines some pens quickly please!!!!
Happy mother day weekend to all.
Lol. The gold project??? Hahaha. The false reason why invested in this back in 2006-2007.
Then they anounced sc72 and I doubled down. As forum shares in regards to our ownership interest n them has been diluted down to 6.8%, so has our langoscone mine share been dropped to 1% as it wasn't profitable to drill it/extract. And they didn't pay continuation fees and now it's pretty much defunct.
It all rides on sc72. Make your prayers aceryday brother . ????
Congratulations!!! You just won the opportunity to buy another 10000000 shares at under 4 pennies. Happy bidding!!
I'm anxious too. But no mans land for fecof was .007. We are far beyond that!!! Stay positive. We will blow right past our 52week high with the next worthwhile announcements. Framework contract approva alone will get us .10.
Vietnam has more balls to demand what is right, while duterte stands there holding his nuts. And Vietnam is a communist country like China is, and it's demanding they take the missles out of Vietnam sovereign territory. Wtf. It's starting to look like when hitler took over chekoslovakia. Give these scumbags an inch and they take a mile.
https://www.google.com/amp/s/amp.9news.com.au/article/dc1d3e3f-5b63-4d92-a59a-b11a8bbd8263
http://news.abs-cbn.com/video/news/05/10/18/duterte-china-and-the-south-china-sea
Posted today. It is what it is . Hopefully this unorthodox "style" of Duterte will still get us the reasonable compromise we need to get this done. He really does make trump look like a well thought out decision maker .lol
http://news.abs-cbn.com/video/news/05/09/18/dutertes-ph-rise-visit-unfortunate-maritime-expert. Duterte went for talking a big game and tough act with china to being a pushover. He needs to do something's no before they totally turn on him.
http://news.abs-cbn.com/video/news/05/09/18/dutertes-ph-rise-visit-unfortunate-maritime-expert
That was excellent . Thank you and god bless is in simply fair dealings with this investment. We did our homework, if we just get treated fair and demand it we will be extremely rewarded in this holding.
When writing to fec resources I have had replies to the only em ail I have listed for them. Info@fecresources.com
If wanting to reach pxp energy. Their parent company. The only email listed is :
admin@philexpetroleum.com.ph
Pxp energy will have an annual meeting on the third Tuesday of this month. E mail them ahead of time if you want them to address issues regarding our investment in forum. Even if we are not pxp holders. They own the majority of fec resources and decide the direction of our company which is really only forum shares now.
https://www.pxpenergy.com.ph/company-disclosure/other-disclosure/apr-13
The following link is a diagram showing all the links of subsidiaries and contracts broken down. How nice of the to include fec resources by name , in one of the few documents I found them to do so .
https://www.pxpenergy.com.ph/home/our-company/group-structure
Your English in fine sir.
Just send them a letter saying. " when is the shareholders meeting and do you have me registered as a shareholder?? I've been holding fecof for 8 years now. Why are you not reporting news releases for fec resources in the same fashion that you do with pxp energy? Is there no loyalty to the fec shareholders on your board of directors? This is an amazing equity opportunity in this company if the contract gets signed with fecof's shares extremely undervalued and yet you do not promote the company with any news releases. Please tell me why? The only thing I see is that you dilute the forum shares in this company to the great benefit of pxp energy even when fec resources doesn't need the cash or sale. Instead of loaning the company money when it needed to keep its 18% you diluted it Iin The subscription of more shares to pxp energy instead. Is there no accountability? I plan to investigate these matters at the shareholders meeting and possibly have the SEC look into this matter as it doesn't seem that you have the shareholders best interest here at all."
You can copy and date or rephrase it to your liking. But send it.
Good news is that less oil out of Iran means higher prices for sc72's future.
https://oilprice.com/Energy/Energy-General/Why-Oil-Prices-Are-Likely-To-Go-Higher.html
https://www.yahoo.com/news/under-duterte-u-philippines-kick-155405258.html
If duterte has half a brain he should be friendly to both countries. uSA and China both. This way he counters China from being greedy and just taking the rest of the islands and oil for free with possibly fake terms and broken contracts. Just my opinion.
Hain or anyone else.
Feel free to voice your complaint here but not only here!!!
Write to these 3 appointed pxp employees who sit on our board and get paid from our sale of shares annually to do nothing. Not only are they diluting our shares every couple of years but they literally do nothing but sit back and collect the money for doing such a horrible corrupt job of diluting us. They rip us off twice!!! And they don't put out thee proper new release to bring attention to our stock. Makes you wonder where their mind and loyalty is.
Please write them. The more the merrier. Demand to be on the list for the shareholders meeting. Put some fire in their pants.
Info@fecResources.com
Just as advertised on their website and profile.
Furthermore, why are we not mentioned in pxp's profile in Reuters and others as a subsidiary let alone the subsidiary that bumps up their ownership in pxp!!! Where the hell is the Sec??
It's a negative article simply because not everyone is pro duterte. But most are. This is from his opposition or from a newspaper from I believe the Conservative party. So it's no big deal and you should expect what he is doing to have some negative criticism. I too would have preferred that he went the other direction 2 years ago but since he's actually eliminated the Chinese threat by giving them half the well, in a way it's a more definitive deal now but with less equity. I got to load up at a penny or lower for years so maybe it all works out at the end. But yeah, if the contract is not written perfectly he could get impeached and it was very very stupid of him not to make a bigger issue with China actually militarizing philipino islands like Scarborough shoal. He was very quick to appease china every time just for those loans. And those loans are way more expensive 20% loans from the Chinese.. whatever makes him happy I guess . And they did clean up that mess with the extreme islamist terrorist rebels in marawi .whatever works. Deal will get signed and it looks like congress and most of the senate has come along and is pro the deal too. Not that it matters much but it doesn't hurt to have their support in public appearance.