Wednesday, February 28, 2018 5:17:03 AM
http://www.edisoninvestmentresearch.com/?ACT=18&ID=2883
Also I need to correct the mixups ive had between the market caps between apex with 30% of sc72 and pxp with 70% of sc 72
Apex is roughly 210 million usa dollars That's converted from their 11 billion php to USA
Pxp is well above 600 million USA after converting their 30 billion (pesos) php. market cap.
Fecof 7% in sc72 seems to be grossly undervalued in comparison for reasons I've mentioned before but if the play happens to become legitimate then fecof (in my opinion) should have the higher returns on investments from its 5 mil market cap.
If this play on sc72 becomes green lighted , then there's no reason that a bigger player like shell oil ( who owns malampaya) can't offer to buy up all of pxps shares at a premium and making the same exact offer to fecof. If let's say it was just at the exact figure that pxp is at today(low balling) and pxp stayed roughly flat at 18 php Then fecof would have to rise 1000% from here alone . If the deal doesn't get done though then fecof is the higher risk as it's floor is back to .002 and without cash to continue being listed. Pxp will crash hard too , maybe like an 80% drop but has other things going and won't delist. Apex is the only one that won't crash nearly as hard as those two. Just my honest opinion on the last paragraph.
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