Large BUYS starting to go thru, page-15

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joseph1652

2,413 Posts.

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11/07/18

10:18

Post #: 34269669
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Originally posted by Wise_One ↑

There is good momentum building here, which is great to see.

As more momentum builds, the stock becomes more appealing and then it becomes self-fulfilling. I feel there aren't many eyes on this one at the moment which is bullish given the small number of 'daily view' on each post in this FPL thread. Yes, i acknowledge its a crude way to analyse (no pun intended - lol!) but its a tool nonetheless.

I feel there is an absolutely massive valuation gap between this & some other listed O&G peers which is discussed in this post which provides a nice basis for comparison, noting however that no 2 companies will ever be the same... https://hotcopper.com.au/threads/an...4283142/page-30?post_id=34169370#.W0QvRmcViJA

The last announcement has set FPL up for 2 major news flow events which are potentially company makers in their own rights.

Firstly - they are looking for a near term, significant upgrade to the current 2P resource which is 220BCF. The specific line in the below quote that excites me the most is "much larger than we thought":

Secondly - they are advancing their Gas sales negotiations which are now at an "advanced stage"

With 2 company making ann's which appear to be imminent, on top of a stock which has been hated to all buggery & appears significantly undervalued on a reserves valuation basis, it's no wonder that the market is starting to bid this up, pip by pip.

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SLOWLY that people that been bagging the company ,will open their eyes and buy back in ,to get their money back ,as i am sure a few already had ,since a few have not shown their face .but each to their own IMO it is worth a shot at this price .

FPL Price at posting: 1.1¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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Large BUYS starting to go thru, page-15

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