Irish
I would have to agree that it's way too early to try to figure this one out becaus this is a very unique situation where china is now going to be factored into the mix probably asking for half , maybe even more, by way of contract negotiations thru their state owned cnooc. So imagine half of the worth of this discovery true worth, and then we don't know how many tcf are really there with such a big discrepancy among the numbers.
So I agree that even though you could have fun trying to imagine or dream what kind of return you can get, you shouldn't really be pushing any of your numbers as fact or most likely.
The only most likely numbers is somewhere between zero and a trillion dollars getting divided up into god knows how many ways. And yet it's still a decent bet considering fecof was dead floating in the water a year ago. Somehow miraculously there is some life breathes into this thing. Keep your fingers crossed and wait for a more clear image which is months away. Expect this stock as well as pxp to go up and down very often til then and beyond.
The spread on fecof has been as much as 40%. The market makers are like theives in the night. And be super beware of the headfakes in trades they make to get you to panic and sell them your shares. I say lock it up into your kids trust fund, or your ira, and simply forget about it. Check occasionally if they got bought out and pray that they don't because it won't be a fair deal. The real value is in the wait and patience of 20 yrs.
Lastly....... there will be NO discussion for a buyout. Pxp owns the majority voting rights. They can decide any day they want to just announce that a deal was done. At a price they choose. No discussion whatsoever. No permission. If at that point we feel it was unfair we do a class action lawsuit and recover a fraction of what was lost.
Lesson learned is never buy a company majority owned by its selfish parent that happens to be in the same chase for the same revenue stream as its subsidiary. Like stealing candy from a baby. thats why I repeatedly say. Buy some pxp too for the long haul just in case fecof gets knocked out of the race early. Diversify the play on sc72
