FEC Resources Inc. (FECOF)

[styl]

This was more like a 60% move for pxp when considering its intraday low of 9 a day and a half ago.

Makes you wonder if besides the program sells no that maybe the market makers had it drop that low to set off stop loss orders and gobble up shares they didn't have on its original move from under 3 to 19. I would love on a second chance to buy just a small piece of this under ten. This could be the philipine version of Exxon Mobil in 20 years, from an almost bankrupt company at 1.20 pesos a year and a half ago. But only if the deal gets signed.

I personally think there will be a deal signed but after a lengthy eXtension. It's tied with the loans. When China misspoke and said they will have the ph oil reserves as collateral, I think the idea of that is that by controlling the wells and in a partnership montheless, china can hold Pnoc's share of the profits as any missed payments on the loans, which in turn gives china the full ownership they wanted to, besides the scraps to forum. There's always a legal way to screw out the little guy if needed. On the other hand it means this needs to be pumping for its real equity value and cash to finally start rolling in...5 years after a platform maybe?
So the deal will get done eventually.