FPL 8.33% 0.7¢ fremont petroleum corporation limited

Ann: Oil Production - April 2018, page-40

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  1. 15,774 Posts.
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    What does it matter - they are cash flow positive for a week ( excluding the 800k blown last month)
    Cmon- watch this space - CR within 3 months for about 2-3 m . Dilute everyone by another 40%.
    It’s amazing how these guys don’t undestnsd what their definition of cash flow positive is. It means for a month they have not lost money . They simply don’t realise the degree of spending required to grow oil production sustainably . They should review the performance of the field historically but in the end most play musical chairs a buy at .9 and hope to sell it to some sucker at 1.1
 
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