Wednesday, March 21, 2018 3:34:59 PM
This is actually a very big story for both the financial world and even more so in the geo- political world.
This means a certain level of peace in the South China Sea. It means China's navy can come all the way down to Palawan under premis of defending its oil wells via cnooc. It really changes the landscape and is a big game changer for China. It's bigger for China than it is for the philipines, they just knew how to play this poker hand better and they simply won the waiting game.
When people read between the headlines, especially individual investors, they will search to see who own the oil contract in the reed bank. They will find forum energy, when they dig deeper they will find pxp:pm. And 5% of those investors will dig even deeper into the profile of pxp which states that pxp owns shares forum energy indirectly as well thru Fecof. When they see fecofs tiny market cap they will get excited like I did 7 years ago.
Institutional investors will flock to pxp and some to apx:pm as well.
This will in turn bring more attention to fecof too. Just don't expect the same increases in stock appreciation as it simply doesn't work that way in the real world. That's why spinoffs happen so undervalued plays and equities can be appreciated in value.
I don't expect this to go straight up. Especially with selfish market makers really dictating most of the moves and direction here. It will see saw for a while. Headfakes. Etc
Recent FECOF News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/14/2024 10:01:41 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/17/2023 04:38:59 PM
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