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Gold/Mining/Energy : Fortune Petroleum (FPX) -- Ignore unavailable to you. Want to Upgrade?


To: Joseph T. Worley who wrote (253)11/5/1998 10:36:00 AM
From: TD  Respond to of 275
 
Reversal of Fortune...

Yes stock moves DOWN 30%, Market definately does not like it. Look at the tdxt chart this was a 12 dollar stock in 1997 now it was trading at 3/8 ;

Let me know what you learn, was thinking we hit oil and gas
td



To: Joseph T. Worley who wrote (253)11/5/1998 4:17:00 PM
From: TD  Respond to of 275
 
Joe,

Spoke with jc today, too much to write and be specific. Here is an attempt to give you the flavor. By combining the companies Fortune will increase our reserves by a factor of 3. We should have positive cash flow. We will have our own operator (driller). We now have a greater percentage of the Espirtu project. We pick up several drill ready sites.

Now if the news from now on is drilling results that are positive then the company stock price should move.

td



To: Joseph T. Worley who wrote (253)11/6/1998 6:45:00 PM
From: TD  Read Replies (3) | Respond to of 275
 
Joe, Interesting trading day up 5/8 about 62% on the close :), double average volume. Will be interesting to see how the stock trades next week. Hope my last post helped you. If you study the press release most of th information is there, but with jc to put it all into context it helps make sense of it all. Have a great weekend td