HI jiva, I am new here so excuse my scatterdness at time. Yes I have been very concerned and some months back when I held a lot of fxpe I contacted them and they called my home back and spent some time on phone with me ensuring me about the validity of what they were stating in press releases and various progress.
Of course under SEC laws and such they nor anyone as an "insider" can reveal certain data as this is as it always will be with any company, and yes I was buying when they started to move around that $3.00 range, then all hell broke loose and it seemed this stock (like others) was unfairly shorted day after day after day after day to where it resides now. I don't like losses, and I held as long as I could, and I am very upset I had to liquidate some of my holdings due to margin calls and assumed those losses of my original investment I can never have back- so yes that gives me a bad taste overall as far as this stock's price today.
Now, knowing some things with oil industry, I see fxpe less risky than many others, as they actually have all the essentials in place, not overanxiousness, but a high quality oil consulting team supporting them and what they do, and instead of putting all their assets in one hole so to speak, they have made the acquisitions and gotten all rights, etc on several locations for the reasons they have put to press which is smart in my book. Now it is time to make BIG money for them from here forward.
Recompleting these "old wells" one has to understand, many former capped wells exist from even the big boys going back 60, 70, 80 years and today with the extreme environmental regulations on any "new drilling" by an oil company, we have the technology today they did not back then, to now go back to these existing capped forgotten wells and recomplete them with new heads, etc and extract so much more product from not having to drill a brand new well, and that is why they are showing the seizmic studies and geologicals already done (as any oil firm has to do) and the potential they now expect to remove from those recompleted gas wells in Texas for one thing.
Yes I like what I see and hear and before this month ends there is suppsoed to be positive salient news and product to reveal, but until it is in place, they canot say more as no oil company on the planet would tell anything until after it is a fact. That is the way that industry operates large or small. My biggest problme is investing based on all the PR and facts and phone calls I had in the past, and then being forced to liquidate much of a losing investment and it hurt me badly and it is simply because of these damn day trader shortsellers beating this stock down and no new large block investors buying it pushing it to a more realistic price..
I firmly believe they are worth much more than the current price, and after product comes later this month, even higher price, and upward from there as the North Sea venture and the Alaskan ventures materialize over time.
As far as oil specualtion goes, this particular company I separate from the majority "hoping" for something, as all the foundational measures have been in place, continued SEC filigns, and all the land, rights and controls they must have are in place and equipment being secured for the Alaska & N. Sea ventures as we speak from what I was told in ym conversations, but the Texas recompletion is what product people will see in a matter of days if all goes ahead of schedule as they have stated in their PR's...
And in close, those posting this as a scam it cannot be. If they were operating a pump & dump from the old days, the SEC would be all over them and people behind bars today. They have always filed all regulatory documents on time as required. They are openly disclosing everything as required. It is this sucky market for the most part and short sellers. REMEMBER, in light of todays banking & mortgage fraud fiasco, the Feds are investigating everything and everyone and any regulated company to ensure integrity, so I do not think this is a scam, as they would be the dumbest people on earth to even consider attempting to do so in today's environment...
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