FEC Resources Inc. (FECOF)

[styl]

your guess is as good as mine.........there were many positives but you have to look at the statements in full to balance out the true nature of this thing.......
when they say that they could take 6 more years to develope this...I wonder if thats how long i have to wait to see the beginning of a malampaya?
when they say even if they hold just a modest stake in sc72 when they find partners to join in....How modest a stake?? are we talking 10% of their 24%stake of the 70% ownership in sampaguita??..............eefff me....my cut sounds like its getting smaller and smaller even if there is a bigger field.......so basically we have a ceiling.....whats the ceiling I dont know but we have one if they can only finance so much themselves.
the volume was hott,,,,,but the price move was weak.
consider all things.................today was a positive day as far as interest in fep ownership thru ppc'c bigger cut it seems......ppc claims 64% of fep.....i still dont understand how or when they got that big of the pie but fecof has a little more than one third of that........might help to figure out valuations only somewhat......
good luck to all..I'd love to see this hit a dollar,,,,,but with such good news it seems we'd be lucky to see 20 cents anytime soon.........which is still a huge run
glta