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Gold/Mining/Energy
FX Energy(FXEN)
An SI Board Since February 1998
Posts SubjectMarks Bans Symbol
107 8 0 FXEN
Emcee:  John S. Sturges Type:  Unmoderated
This is a Utah oil&gas exploration company which has gained access to 11million+ acres in Poland. This is one of those small companies who have the flexibility to to offer compensation(board seat, stock options and salary) to local experts as they enter countries whose oil&gas industries are underdeveloped. FXEN has Apache as a partner. Apache will pay for&drill the wells as their cost of equity in Poland. Larger cos. such as Exxon cannot operate in this fashion. FXEN is run by the Pierce brothers who with a years of experience have focused on underdeveloped assets by accumulating prospects and than taken them to larger partners for the well costs. Poland had been at one time the most productive area in Europe, but with falling under the rule of Communism in the '40's had declined significantly as some of the most "god awfull" techniques were employed by companies who simply had a well quota whether oil was found or not.
Using old seismic data, FXEN thru reprocessing has discovered nearly 100 significant sites in its latest consession. Also they just signed on Barrick Res. to explore for gold in another area, such are the relationships FXEN has with the Polish government they received this concession as well.
Investors should be rewarded with a 2-3yr hold with a price move to the $40-$50shr range should success follow.
Recent insider buying is a positive.
Anyone else own this one?
Best regards,
John
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ReplyMessage PreviewFromRecsPosted
107FXEN may do ok but this won't help any bloomberg.comnot_prudent-3/1/2012
106FX Energy: Heads I Win Very Big, Tails I Don't Lose Much seekingalpha.comJakeStraw-3/1/2012
105FX Energy, Inc. (FXEN) is now covered by analysts at BMC Equities Research. TheJakeStraw-10/3/2011
104Hey Darryl... I too was out of FXEN for a long time. Back in June 2002 I moved Arktic-11/9/2003
103Wow I can't believe your still hanging in their with FX Looks like I got ouDarryl-11/9/2003
102The fact that FXEN was able to outsource the drilling operations on Zaniemysl-3 Fiscally Conservative-11/8/2003
101But, most certainly, this is not a one well company/game. If the first well is Arktic-11/7/2003
100It is nice to see that the shares switched to the strong hands. There will be leWade-11/5/2003
99My guess is that this stock will look cheap at today's prices in the not tooArktic-11/5/2003
98The stock price chart looks awesome. I doubled my holding at 3.90 and was planniWade-11/5/2003
97Most of the news is getting posted on the Yahoo! board. I think the big boys arArktic-10/28/2003
96Paul, I didn't see any news about FXEN today. Is it being noticed by big buWade-10/27/2003
95Hello Steve, Where have you been? Nice stock pick. Huge volume and price gain tWade-10/27/2003
94Agreed. This is a "calculated" casino play<VBG>. WadeWade-10/26/2003
93I've spent a lot of time studying this one. I think the balance sheet keepsArktic-10/26/2003
92Hi Arctic, Thanks to your and many others posts about FXEN at SI and Yahoo. I wWade-10/24/2003
91Going! Going! Gone....Wade-10/13/2003
90Not sure if anybody is still reading this thread... But the recent activity in Arktic-10/27/2002
89FXEN up 19% this morning on large volume. Anybody know what's up?Arktic-3/28/2002
88Steve: Don't know if you're still holding any FXEN. The volume and priArktic-1/28/2002
87Steve: I finally received my annual report. I think the picture just reflects Arktic-5/15/2001
86Paul, Thanks. Quite interesting that they did not include any Q/A in the conSteveR-5/10/2001
85Steve: No idea regarding your question... Thought you'd be interested in tArktic-5/10/2001
84On a totally different subject - has anyone else received the annual report? TSteveR-5/10/2001
83Looks like the dry hole announcement today has caused the stock to crater. FromArktic-5/8/2001
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