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Gold/Mining/Energy : FXEN - Beaten up and Undervalued at this point!!
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From: James Perry8/25/2007 1:25:54 PM
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In the news is a recent Fxen update. Quite exciting. Pumping 6.5 million cu ft of gas daily, 4x the amount previously reported, and plans (which include laying pipe for 2 more wells that have been drilled, and doing horizontal drilling on Wilga which will increase that well's production)to increase production by 800% more, which make the outlook for 2008 and 2009 pretty exciting. But the big effects which will come in the future will flow from targets yet to be drilled, and there are many of those. This is not a stock which is likely to produce overnight riches, but for a patient investor it will give a great reward in the future. When the stock was first mentioned on this board in 1998, that pundit expected big rewards in 2 or 3 years. Well, that obviously was an over-expectation. But it should be noted that the pace is really picking up!
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