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FXEN traded 10.5 million shares today
Posted: Tue May 21, 2013 3:14 pm
by dan_s
Wow! This company has only 53 million shares outstanding, so this is incredible volume for any small-cap. Will be interesting to see what happens next.
Re: FXEN traded 10.5 million shares today
Posted: Tue May 21, 2013 5:52 pm
by wilmawatts
incredible volume
yeah will be interesting to see what happens next
Re: FXEN traded 10.5 million shares today
Posted: Wed May 22, 2013 2:20 pm
by dan_s
For future reference: IMO it is wise to sell at least half your stake in a small-cap when it makes a big move like the run FXEN made yesterday. I have seen it time and time again where there is profit taking the next day, no matter how good the news.
Now I think it best to wait until FXEN settles down and start accumulating it. If they get detailed seismic and drill a couple confirmation wells this year, FXEN could be worth a lot more by year-end. The company owns 100% working interest in this HUGE prospect.
Keep in mind that gas sells for $8 - $10 per mcf in Poland.
Re: FXEN traded 10.5 million shares today
Posted: Thu May 23, 2013 11:06 am
by wilmawatts
Stock running wild again today, wow.
I am going to have to start drinking if this volatility coninues! Nice to see upside volatility today.
Re: FXEN traded 10.5 million shares today
Posted: Thu May 30, 2013 8:54 am
by setliff
the buyers are flocking in again--no news that i can see---anybody else see anything? joe?
Re: FXEN traded 10.5 million shares today
Posted: Fri May 31, 2013 1:36 pm
by wilmawatts
Looks like we will need to wait a few weeks until we get an operational update.
Sellers back in place.
Tremendous potential, depending on the test results
Re: FXEN traded 10.5 million shares today
Posted: Tue Jun 04, 2013 9:12 am
by wilmawatts
Plawce well now testing. Three zones, three separate tests. Lots of flow and pressure data to collect.
Keep in mind Halliburton has a big stake here also - if this works they will be fracing quite a few wells in the area. And the impact on FXEN would be huge. Time will tell. Initial results expected by mid-June, the company presents at an investor conference on June 11th so we may get an update then.