FX Energy (FXEN): An updated Net Income & Cash Flow Forecast model has been posted under the Watch List Tab. FXEN has been moved from our Sweet 16 Growth Portfolio to the new Small-Cap Portfolio.
3rd quarter production up to 13.2 MMcfepd. 4th quarter production should be 14.0 MMcfepd. Several new wells are coming on-line in the next few months, so I am now expecting 2013 production to top 15.5 MMcfepd. Note that my forecasts do not include any of their exploration wells.
FX Energy
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wilmawatts
- Posts: 685
- Joined: Fri Apr 01, 2011 10:12 am
Re: FX Energy
Fair value was raised in your spreadsheet also, based only on existing production and reserves, to well over $9 a share.
Good value at current market price - with real stout upside
Good value at current market price - with real stout upside
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wilmawatts
- Posts: 685
- Joined: Fri Apr 01, 2011 10:12 am
Re: FX Energy
Kutnos-2 is dry. At the current share price a dry hole has been priced in, but short term we might go lower.
Long term the positioning here is pretty darn good, I remain optimistic
Long term the positioning here is pretty darn good, I remain optimistic