FEC Resources Inc. (FECOF)

[GreenTea]

Styl, excellent question in regards to the oil fields. Don't know the answer to that. The Ocean floor off of Palawan certainly seems to be rich in oil and gas. If Forum just has gas, that's fine with me as it's already been proven to have 3.4 TCF by an independent research company (up to 20 TCF or more could exist?). Until the seismic and test wells are complete we won't know exactly how much. But, that's why the daily PPS doesn't concern me. Up a cent or 2, down a cent or 2.....who cares IMO.

I think folks here are seeing things move behind the scenes circumstantially (ie....the $10 million facility from Philex to Forum to conduct the 3D, the change in management at FEC, the president of the Philippines speaking about the oil and gas being proven up off of Palawan, the LNG facility to be built in the Philippines). In other words, things are moving.

True, no concrete news yet but it won't stay that way forever. I'm sure there were naysayers with Netflix, "Mail order movies? That's dumb". Of course those who saw the potential with Netflix are now sitting on the beach in Cancun.

IMO, find the gems BEFORE they are great, do the DD, then load up and wait. FECOF is in that category. First Pacific, Philex, Forum, and FEC all linked together. First Pacific and Philex are billion $ companies. It may take time, but the upside here is unmistakable. All IMHO.

GLTA!