fxen

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setliff
Posts: 1823
Joined: Tue Apr 27, 2010 12:15 pm

fxen

Post by setliff »

kind of worrisome today---down on huge volume. :roll:
dan_s
Posts: 37318
Joined: Fri Apr 23, 2010 8:22 am

Re: fxen

Post by dan_s »

Over the years I have seen these rather thinly traded small-caps take big dives at the end of the day. Just someone selling a large block at the market 9 times out of 10. Unless you see some news to justify the sale, they are usually excellent buying opportunities.

FX Energy does have the highest risk/reward of any Sweet 16 company. They are currently drilling some very high impact wells. IMO if Kutno 2 is a dry hole and the stock price dives it will be an excellent buying opportunity. FXEN has a lot more going for it than just Kutno.
Dan Steffens
Energy Prospectus Group
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