Value Microcaps Junior Energy

[farwest]

POE - FE us being generous in their comments with a so-called Market Perform rating. If POE "market performs" after that update, I'll give up investing. POE has red flags waving at full mast.

I guess after the recent PP, there is little reason to flog the story - but you don't abandon coverage just before their high impact drilling in a cashed up producer unless you have very serious doubts.

Absent good drill resultsin Indo near term, I expect to see POE see at least in the low $5s as people realize (as FE has) how disastrous the recent update is and the negative implications it has for reserves, let alone cashflow.