Hello
It's best to look up above on this page. Also check the fec profile and pxp I. The "pse" profile page. To see what's going on.
Obviously after every run there will be volatility before running again but if you have a 6 month horizon just to be on the safe side there are contracts about to be signed with China about one of the biggest finds in the South China Sea. All that noise about conflict is about to finally be resolved over a rich oil field in the reed bank. If China wants it so bad imagine how big it is. I imagine in the 300 billion range lifetime oil supply divided up many ways. I reckon. Fecofs hidden ownership of just 5% in this oilfield is worth about 1 billion in about 20 years. But possibly paying dividends every year or having it locked in their share price heading above 2 bucks in that long period. To say 5% of a 300 billion fund is at least a 1 billion dollar company is conservative. This company despite its big rise is still under 20 mil
The risks are. Contract doesn't get signed , But recent articles are super positive
Other risks. Are that the oil well collapses when drilled as with any well, but very unlikely since it's next to the successful malampaya well off the coast of Palawan island philipines. Malampaya oil well is somewhere between a 100 to 200 billion well producing over 15 years now.... and our service contract is estimated to as much as 5 times the size to about 3 times the size. China will probably take half and yet there's so much money in there it's sick
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