Noooo - resources in the ground aren’t worth anything if it costs more to extract them than you make to sell . This is a proven fact on the FPL acreage. The
Bevter - I commit to not be negative on FPL when it surpasses the price I sector and Cmon began warning everyone to stay away . It’s about 1 dollar so put an alert in your phone and when it trades up above 1 dollar ( SP not portfolio value ) let me know and I will go away
Until then roll on the rubbish resource news - I wonder if they use a 0% Interest rate and no development cost on their NPV value tables - too funny
Can’t get everyone excited about oil as it’s dribbling out
Can’t get everyone excited about gas - no deals and no money to build a pipeline
So let’s release a resource / reverse annoucement
FPL Price at posting:
1.0¢ Sentiment: None Disclosure: Not Held