FXEN
Posted: Sat Aug 13, 2011 11:43 am
I have just updated my forecast model for FXEN. It will be available under the Sweet 16 tab later today.
I listened to the CEO's presentation at Enercom. You should all listen to his 25 minute presentation to get an idea as to the fantastic risk/reward on this stock. The CEO stated that he believes the stock price could move to over $50/share if they have reasonable success on their 18-month drilling program. Their high potential Putno exploration well will spud next week. Putno will take 9 months to drill and test.
My current Fair Value estimate is at the bottom of my forecast model.