FX Energy Target Raised

[wilmawatts]

07:52 EDT FX Energy price target raised to $7.50 from $6.25 at Brean Capital -

Brean Capital raised its price target on FX Energy to reflect steady positive news flow from exploration activities and improving fundamentals for Polish natural gas.

The firm believes the market is not pricing in any exploration success while the company has had in excess of 80% success rate using 3-D. Shares are Buy rated.

[bearcatbob]

Some day FXEN will surprise me - the history of disappointment is long.

[wilmawatts]

agreed on the history

these guys are a master of those who talk the talk then don't deliver

at least that seems to be the story

[dan_s]

FXEN is drilling a lot of test wells based on 2D seismic. That results in a lot of dry holes. However, they are testing huge structures, so the potential is quite high.

The main problem that I have is that they need to aggressively develop Fences, which is potentially a very large field. I just don't understand why they don't focus on developing that gas.