An interesting note is, that when framework alone is anounced, pxp itself may or may not actually double from its 15 to 30,,,,,,, Of pxp doubles. Then fecof will need way more than a double as well to catch up.
As "intelligentIrish" points out, it should be trading around 9 or 10 cents to reflect a fair comparison value to pxp's equivalent value of forum shares/equity. So therefore when that happens fecof would need to jump to 20 cents with those calculations. The further pxp goes the way more we fall behind in comparison. Right now we are just 5 cents away from fair comparison. Needing a double from here. When pxp doubles. We will be 15 cents behind and trading at just 25% of pxp's future 30 price....so we would need to triple from here and still be 5 cents off from fair value comparison. Pxp was as high as 50 before the conflict made it crash.
Many companies struggled with fair value comparisons. One example was when yahoo needed to free up their ali baba shares to get their fair value equity of that holding. Eventually forum will be spun off again from pxp And if it gets a p.e. Of 3 we can then be blown away with our price evaluation as we don't need to have a p.e. In fecof, just a fair equity valuation on a company that receives a p.e. When it's actually earning.
This is to do with short term gains and not the long hold that I have. Despite the talk that such a joint venture contract in a disputed area doesn't exist in that region ,doesn't mean the very strong will to make this the first one won't be successful .
I'm going to take the day off and not watch it. The price swings hurt my stomach and I won't consider selling any of it for at least 5 years and re evaluate it then. I'm tapped out so I couldn't add more if I wanted to. I'm not going to flip because my taxes would shoot up and market timing is unpredictable anyway.
Good luck to all
