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FECOF. Ready to make a huge run When contract is signed. Look at the stock chart and it's lovely pattern on technicals. This deal is expected to be done in The very near future with all the information / research on the fecof message board. The reward situation on this stock is unreal. They are talking about drilling a 200 billion dollar well and this penny stock own 7% of that. Possible 20 million dollar company into a billion dollar company!!! 4 pennies to 77 pennies is what we are looking at within 16 months. Huge returns
7 day old post. Great informative read. I left a comment in its section to help attract new investors. Even if it only generates one or 2 new investors with 10 or 20k to invest it's well worth my effort to help support a new higher price per share base before a big run.
https://info.drillinginfo.com/the-philippines-paving-the-way-forward-in-the-south-china-sea/
4,300 shares at 3 cents is a trade of $130 dollars. How bad does someone need 130 dollars to bring their investment down on equity 25%? These moves in this stock are often baffling. Hold on to your stock. Good things will come
"The closest we've ever been with fecof" ?......... no , definitely not...... this deal was closer , arguably so about 6 years ago, and fecof had closer to 18%. Of forum then. Forum was publicly trading, and we were about to drill for verifying the amount of tcfs, the quality , etc. we had our own money sidelined to do it. Finding a partner was a bit difficult because of China's "claims" as unsubstantial as they were . Then we got rammed by China's boats and threats. Tried to make a deal with them as "partner" to drill since we needed one anyway, and they refused claiming it all as their own. The stock hit a high of 7 cents before china making claims to go to war over it, stock crashed, fecof got diluted, we won arbitration award at unclos, I doubled down , lowered my cost average,hoping the usa navy would help them drill under their protection, , and here we are today. Im no big fan of China at all. It does bring stability to the region if we partner with them, By simply giving In To the bully..... like giving your packed lunch to the cafeteria bully in grade school..... I guess you're friends now right? No trust issues there. Lol
Even though, because of the details and variables, that we needed a partner anyway and time is running out for fecof if it's delayed for too prolonged a period, I'm all fine to just finally get this done and with the security threat of what China would have done without partnership wont be an issue anymore. Let's just do it. Make the damn contracts solid. If there's precedent legally, it will get done!!
That's correct. 5 bil for forum shares, equates to 77 cents for fecofs 6.8%...... I sometimes use the 5% model for fecofs of the entire wells worth. .... all of ac72,,, I do that to compare to malampayas full worth.
I simply forgot to go back to the 6.8% model ( fecofs % of forum, not of the entire sc72)when figuring out only if Forum got bought out for 5 bil.
Don't hold your breath on that.....
The most optimistic or exaggerated report I ever saw was upto 50tcf with a mean of 25tcf..... then you gotta wonder how much is "recoverable"..... bit with new tech and strategies more and more is recoverable, which is how they extended malampayas life by another 5 years or so which is huge.
Malampayas size was only 2.7tcd. So even if we recover 5 tcf it's a huge find let alone 25 or 50.
By some reports I read , some reports said directors were saying, we are "extremely " happy with further reports, etc, etc. makes me wonder if 9ycf or 10 is the more likely situation. Might have to make more than just one hole and then tie them all together, and some holes won't be worth drilling for smaller pockets.
Diversify so you don't have a heart attack like me being so heavily on one stock. But my cost is at .012 so I'm feeling good so far always a risk though.
If it's 5 billion specifically for all of forum shares controlling 70% of sc72........ then fecof gets almost 7% of that which is 250 million market cap. Divided by 409million shares of fecof, is roughly .61 cents.
I only see a 20% chance of that now.... but let's say we drill inroughly a year and confirm at least 5 tcf, then a tender offer from Malampaya jumps to an 80% chance likelihood as they are looking to expand too. We might be trading there regardless after we drill, bit with buyout offers. You are pretty much getting the full price of your stock without the volatility of heavy profit taking dragging it back down.
It's not a rumor or anything I heard. Just analyzing a likely way it could possibly play out. Just a theory.
Invest at your own risk I'm not a financial ad isor. Lol
Malampaya 80% of ph GDP?
According to this article below Malampaya is 80% of the countries gross domestic product. Article goes o. To describe great new tech getting more recoverable gas out of fields then ever expected. This extending Malampaya field by about 6 or 7 years longer. So how much bigger and important is sc72? At 5tcf it's an effing game changer and shell still wants to invest in ph.
https://www.shell.com/inside-energy/keeping-the-lights-on-in-the-philippines.html
Shell global earnings are up 136% last quarter. They'll need to reinvest that money as shellphillipines is lagging but with huge opportunities in the near future. Why not make a bid to buy privately owned forum energy in its entirety? If they verify 5tcf or more. Why not offer 5 bil for a well that will produce 300 bil- 120 bil profit for them lifetime.
Edison research stating possible 20 tcf and how bigger players would be interested!! Maybe Shell
Old research but still worth reminding or showing newbies the facts.
http://www.edisoninvestmentresearch.com/?ACT=18&ID=2883
Possibly similar outcomes?
Compelling article detailing shells expansion strategy which started almost 3 years ago and as oil rises..... I would be blind , albeit hopeful, to not recognize a potential offer from the company that owns Malampaya, to wait and see what we drill, before making an offer to buy All outstanding shares of Forum and just run the damn pipe themselves to their existing wells/platform.. What would a pre development deal be worth? Just a billion? It would equate fecofs shares to about .25 cents a share of that played out. Very likely? Maybe not. 25% chance?....... if there is 5tcf I'd say a 60% chance they make an unsolicited offer. Bargain up to 2 bil and I might just take the quick 50 cents and search for the next Google or Netflix stocks. Just speculating but with Malampaya right there it's not a far out possibility at all.
https://mobile.nytimes.com/2015/04/09/business/dealbook/royal-dutch-shell-bg-group.html
I used the link Irish gave us for pxp, and I took the opportunity to reply to the posts by mentioning fecof as an Indirect ownership that helps pxp go from a 72% ownership to a 80% ownership of indirectly by way of fecof. And that fecof is an undervalued play that needs to double from here to be fairly equal to the rest of pxp's share.
I would suggest that every time you come across an article about forum energy. Pxp. Or the South China Sea, you should look for comment sections, and if they have one please take the opportunity to leave a comment that a great way to take advantage of this investment opportunity in sc72 / reed bank is to invest in the undervalued fec resources /fecof stock. And to come to ihub to learn more or go to pxp's profile page to confirm what fecof really is!!!
Yes , that was me buying another 300 shares, a whopping $18.00 worth of my money , right before the close. Why? Because I like round numbers that's why!!! And that's how I roll. I like my equity to look larger than what it currently was and going into the weekend it feels good closing above 4 pennies. Did I manipulate the price? Not at all. There was more buying than selling so we should finish up not down regardless .
Happy weekend to all!!
P.s. We really do need new investors. Can't be just us. Top ten investors can't keep adding endlessly. Can't stress that enough. Get the word out!!
Oh ok godorthebet.... I thought it was my cousin. He probably has a limit order such lower than you.
I also found out a way to invest in sc57 ( the other well ph wants to drill with China) if anyone's interested. Jse.v. Vancouver exchange. Penny stock. Mostly in Vietnam. Which can also have many wells in the future.. I haven't done all my research on that yet but it also looks promising long term. More diversified.
Sounds like a bit of a teaser..... but I usually score at the end regardless, looking forward to it .
Let's do that Gordon Geico / bud fox takeover..... just don't be wearing a wire .....
I'm pretty sure today's volume was my friend Steve with a 5k dollar investment. A rookie move buying at the ask. Anyways. I've got everyone I know getting in on this. Most got in between 1 penny to .014. The others had to see it actually move first. Doubting thomases. Are your friends in on this yet? Mine are.
ASEAN happened already. Only take away I get is other ASEAN countries are talking about Philipinez tribunal award from the un as their own stances on their sovereignty against china. Since duterte won't flaunt it it's good that other countries give it some worth and it's telling to see. The last paragraph of this link summerazies the worth of the event. I don't think this will Agee t the stock much in any way today.
https://thediplomat.com/2018/04/the-south-china-sea-and-aseans-32nd-summit-meeting/
Lol. It was meant to make you feel better. Sorry if it missed the mark.
Today's volume of over 600k is the highest in 6 or 7 sessions and it's consolidating the price roughly at 3 cents which is way better than 1 penny 3 weeks ago. Do I get another flagrant foul for stating the obvious?
I wish I had bought it from you. Would have helped my dollar cost average a lot.
When you sold it. You probably got a tax break for losses. And since then you might have made some of that back with reinvesting your tax savings from that loss in something else. If you got a mortgage on a house you might have quadrupled you're down payment since then. It all depends how you look at it.
Also the difference in selling at .001 or .0001 is about 270 bucks. If you had 3000 dollars worth at 1 penny
There's not enough exposure and demand for this stock YET. People go with pxp energy because that's what they associate with sc72. When the deal gets done and more people look at pxp energy's profile which explains they also indirectly own 80% of sc72 by one of their publicly traded subsidiaries , FECOF!!! That's when Fecof really takes off.
The market maker also helps bring the price lower to shake people out. It's actually admirable that there's not more profit takers since this was a single penny less than 3 weeks ago. It's a testament to its core holders on this board who are rightfully waiting for more as they are confident the deal gets signed.
Whoever is selling at .026 right now will live to regret it. Maybe they are happy to double their money in a month from when a bunch of us were shouting but!!buy!! Buy!! At 1 penny levels....... but whoever sells here will have slim chance to none to buy it back lower and when this goes to 10 cents in 2 months their stomach will churn like a tornado . If it hit .056 with anticipation. Where will it go with contract anouncement for framework alone!! Just the framework alone means the end of the moratorium. So much activity will happen then. And soon after a contract for sc72 will be huge.
FECOF !!! Very unique play and very possible 1000% return in a year as contract between china and philipines is about to be signed for joint development of this gas/oil field in the reed bank estimated to be worth hundreds of. Illinois in profits. Fecofs equity share can make its market cap reach 1 billion from its current 13 million which is a huge return, but contract anouncement alone will make it reach huge return alone!! Not a scam. Presidents are meeting specifically about this venture known as sc72 in the reed bank South China Sea. Is energy dept estimates that the philipines has the second largest untapped reserves in the world and this is why china is ready to go to war I. The South China Sea as to capture whatever deals and contracts it can for development of much needed energy. Come to our board and check the legitimate research .
FECOF !!! Setting up for another huge run, anticipating contract announcements with china and ph for joint venture /drilling in their equity holding of ac72 contract in the reed bank. Oil and gas field estimated to hold hundreds of billions inprofits. Not. A scam. Come see our research on the board. Don't miss out on a long term hold possibly returning 10,000%. No scam. Presidents in the news china and philipines specifically about drilling this world class find in the reed bank and ending the South China Sea conflict between them.
FECOF!!! Had a huge run last week or so and is basing and anticipating a contract between to nations. Ph and china for joint development of a world class oil field in the reed bank. Fecof owns equity in this oilfield but isn't recognized as a penny stock. The other equity holders have risen to hundreds of millions while fecof is very undervalued. When the contract in the works (as reported in headline news almost daily) is signed in a few weeks this stock can explode up to 500%. Not a scam. Come o. Out board to see full research and disclosure. ??
FECOF!!! This stock is in the process of a huge recovery and run as a deal is very likely to be signed for sc72 in thereed bank between china and the philipines to finally drill this after 6 years of conflict between the 2 nations. It's world class discovery with over 5tcf in it make it worth hundreds of billions of dollars. Please get details on our board as this is about to make a huge run with specific benchmarks reached including contract signings
But we will have fat profits when the 1. Framework is signed. 2. They drill and find well over 5 tcf. 3. Sign contract with cnooc on how the profits get split. 4. Run a pipe from Malampaya for faster profits and not needing a platform.
Each one of those steps will bring us bigger. Sustainable jumps in stock price.
Crude is near 74!!! Gas is edging back up towards 3 which is pretty good for approaching summer, and will probably be 5 by next year. LNG processes could triple our profits if we get directly involved in that conversion prior to sale too. A lot of IFs but all very plausible and likely in our current atmosphere.
Good luck. Do t get shaken out by ms market maker
ASEAN article before the weekend. Duterte wins best dressed.
http://news.abs-cbn.com/focus/04/24/18/asean-summit-to-focus-on-myanmar-schina-sea-but-little-progress-expected
How much more do I need to buy? I'm swimming in it. My middle name is Fecof. What day is the ASEAN thing anyway? Friday?
Market maker started up with his 35% spreads again. When are they going to pass a law regulating the damn spread by no more than 10% on these stocks.? This is worse than going to the Maria to bet on sports. Even those criminals had no more than a 10% spread called a vig on the game.
Patience is a virtue
Forum energy a few years ago issued roughly another 33 million shares into the market ontop of the 33-35 million they already had. This is the main reason why both fecofs and Atok big wedges ownership went down as pxp's went up.
The reason I mention this is that the total outstanding shares for forum energy is roughly 75 million shares as opposed to other companies who have a billion or more outstanding shares. That means that if pxp gets a clue and wants to do the right thing for their value, they can easily and quickly have forum energy trade on the Nasdaq or pse and with a high price as they don't need to worry about reverse splits that many penny stocks need to do to get listed on a big board. Giving forum energy a high dollar valuation to be reflective of pxp's own 500 million market cap would put forum stock in the 10 dollar a share range. It would also be a direct way of valuing our own fecof shares since we'd simply have ownership to reflect only that investment for now.
We may be far off for now but if you write fecofs board or pxp's. But we should highly recommend they take that action as son as possible, so when contracts are signed, forum energy is directly recognized as well as all of its owners including Fecof. Seems like pxp is trying to steal its thunder or take the illusion that they are the only owner. Economically they are hurting themselves by keeping forum private and hidden. Forum shares could quickly rise and not be dependent on whatever pxp decides to value them . Loans would be easily attainable based on equity, and no new issues would have to be made as was the situation a couple years ago.
One of my favorite things about this speculation is the huge potential reserves in sc72 in the reed bank.
This is a re posting of an updated article claiming as high as 55tcf with a means of 25 tcf on the reed bank. I'm not sure if our sc72 covers all of the reed bank or 80%/most of it. I imagine what's not auctioned off there , the ph govt would keep for its own development giving them the incentive to get this done without trying to alter our own contract. Kind of also meets another reports survey that said 5 tcf to 25 tcf. I imagine a us geological survey would be using the better tech to get this done and why pangilinan was so giddy/ happy as was ongpin saying the were extremely happy and excited with potential estimates better than expected.
https://www.rappler.com/newsbreak/rich-media/200820-west-philippine-sea-joint-exploration-china-constitution
“USGS assessments estimate anywhere between 0.8 and 5.4 (mean 2.5) billion barrels of oil and between 7.6 and 55.1 (mean 25.5) tcf of natural gas in undiscovered resources,” the document said.
Even the estimates for oil are huge At 20 dollars profit per barrel , the means 2.5 bil barrels would be 50 bil in profits rarely discussed. Only gas is discussed
Try info@fecresources.com or whatever is on their profile page nowadays. They need to market this company thru a penny newsletter or something. Even with major news pxp will get all the attention and fecof will be below the radar with only people on this board looking at it. Not good enough. We need exposure . Will Fecof even release a statement when the framework contract is signed and the moratorium lifted on how that will affect them?
Since you mention it. When is the next ASEAN meeting? Is it scheduled yet? I forget how often each year they have it. I thought it was twice a year.
Hmmmm. So if this is the price is right I'll have to put .999. And when they drill 20 tcf I'll have to quickly change it to 10.99
But listen everyone. We need to generate some interest here . It can't keep being only is as the people who buy or add shares. We need new investors and more exposure. 300k shares volume doesn't cut it. Any ideas?
We can all wait a little bit longer
Most of us waited for years...... bid was under a penny for like 5 years and it's finally over 3 cents consistently now in just the last week. The closer we get the more impatient or anxious we get. Hold strong. Just imagine how well as ph stocks will pop higher , especially the sc72 related companies, when we sign the framework and later contracts to come. Ph is ready to take any deal or modify it to get it done. They sound desperate to get it done so it will pass
Fecof up on premarket. Maybe a strong open. Volume unknown
https://oilprice.com/Energy/Gas-Prices/LNG-Prices-Remain-Strong-Despite-Oversupply-Concerns.html
According to that article LNG prices are doing just fine and that's exactly what we/they intend to do with the gas find in sc72. Turn a great portion of it into LNG,( liquified natural gas) which in turn , is giving us way more profits dollar wise than what malampaya has returned during the majority of its lifespan so far.
That's why they are in plans to build that LNG facility. Gas prices are near the bottom spectrum from their 10 year chart, despite oil around 70 a barrel. Being near the bottom is ok because they can only go up from here.
I've gone thru so many articles for Fecof and sc72 I feel like I know it like one of the family now. I can tell you that "us energy informations agency/administration" is the information branch for the us energy dept and was putting the oil/gas potential for the South China Sea and philipines at a big difference to the Chinese estimates a decade ago. Over the decade. Everyone around the world has revised their numbers and estimates are way higher, so maybe china wasn't exaggerating in the first place. Makes sense that they want to bully everyone into submission for their gas/oil because they know it's there. Maybe they hacked into nasa's thermal images if their own satellites didn't give them a clear sign too. Maybe USA were keeping it quiet for USA to take advantage of the auctions in the PH. Who knows?
My gut feeling is from the insider buying of forum energy. The steps taken by Manny Pangilinan, and the most recent surveys and hints, is that is more likely 4 times the size, and when that's verified I will quickly change my Conservative estimates Way higher.
With all due respects, I don't think I'm hyping the stock by saying that the estimates on this message board are low by not considering LNG prices as well as future inflation prices, as well as the actual number of tcf. Which we will learn soon enough as this progresses.
Hey. I was thinking. When pxp gets that letter from the sec they will probably send someone to watch this board soon as I imagine it's the most popular of all stock chat rooms. That's if nobody has been surveying us to begin with. Therefore I'd be careful about asking or answering questions as to what price you would be interested in selling your shares to pxp... china. Etc. if you really want to show your poker hand to someone else going forward then I strongly suggest you do it via private message or private email
I personally would hold this for at the very least 1 year to get the tax benefit as well as the hefty price increase after the drill. Why pay that extra 5% in taxes when gains will be huge ? Even if it's just equal to malampayas size it's worth at least 50 cents with verified reserves . Yes it's incredible that some shares sold at .00012, 5 years ago. Tax time selling using loses to offset their winnings. But now it's looking like bitcoin type returns. Even if all you got was 100000 shares back then for 10 dollars. You're smiling today.
Would I take pxp shares? I'd consider it if it's an extremely good exchange at price levels I'm talking about.