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Strategies & Market Trends : Natural Resource Stocks
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To: semi_infinite who wrote (20203)1/19/2005 4:39:51 PM
From: croesus1111  Read Replies (1) of 108711
 
Re FXEN, <It's acting like the Scroda well is dry.>

That would make sense. The Rusocin well is supposed to be the potentially larger of the two prospects. The flare on that well suggests that it should be rich, according to what people have told me.

The thing about FXEN is that the market cap is so big. Everything has to turn out to be right to support that market cap.

So far, if you're right about Scroda being dry, they've really gotten two out of three right (since they already have a producing well discovered on earlier drilling). Which is terrific performance. I might have to buy back in after the dust settles...
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