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Gold/Mining/Energy : Fox Energy Corp. - FEC on ASE -- Ignore unavailable to you. Want to Upgrade?

To: tide who wrote (3)	4/14/1998 8:25:00 PM
From: Mitch	Read Replies (1) \| Respond to of 54

I am glad someone started a thread on this very interesting company. I have been into it since last June, and have averaged down as the price slowly sank. FEC has issued an update today which was carried as a Stockwatch bulletin. Great stuff. The net asset value is 0.56 per share. They say their targets for 1998 are cash flow per share of 0.15-0.17, exit production of 800 boe, a merger/takeover, and a TSE listing. It is producing over two million cubic feet of gas per day, and that market is going very well. So how come the stock is not trading at 1.25? Bad market and no promotion seem to be two reasons. Today the price bottomed at 0.28 and closed at 0.34. But better days seem to be in store.