FEC Resources Inc. (FECOF)

[Lottalead]

Very positive assessment.

Only two weeks ahead of Xi’s visit, Duterte again linked joint exploration to the Hague ruling. He again claimed he used the arbitral award to get China to make concessions so the two countries could proceed with joint exploration.

He even teased that Israel beat China to the punch. “Ngayon, naunahan sila (They beat them to it)."

A month ago, on October 17, he signed a service contract for an Israeli company to explore for oil and gas east of Palawan.

Will a similar service contract be signed with a Chinese corporation soon? Duterte's recent words are priming the public for one. – Rappler.com