Recent

% | $
Quotes you view appear here for quick access.

FX Energy Inc. Message Board

  • flornosdunk flornosdunk Mar 24, 2004 12:19 PM Flag

    DO WE HAVE A BIG PROBLEM?

    I am no expert at anything but I have been reading and observing this board for a long time and I have a funny feeling about what is going on with the nutty volatility we see here. It seems that most of us here are in agreement that the major factor influencing the price of FX stock now is news and the belief (perception) that there are substantial hydrocarbon reserves still in the ground waiting to be found and proven. Typical ratios and numbers and chart patterns which are predictive for most other stocks just are not applicable here because we are not a mature company yet.
    Currently we have a company management that either is too busy running this company and setting the groundwork for a hopefully very prosperous future for all of us or they just do not care what happens to the value of the stock and we "little people" who own it in the short run. We have all decried the paucity news or information and the fact that when it does come it is not worded very well and so fails to properly communicate momentous events. (See the fiasco over the "split" with CE.)
    If anyone out there has a way to communicate with Mr. Duncan or anyone else in a position of authority (he never answers my email as invited on the investor relations information page of the web site) I would suggest that we request reasonably worded and frequent updates as to what is going on, what is planned and the progress of those planned events. This could easily be done without overdoing it and being accused of pumping up the stock. I bet if that were to happen we would not see the bloodbath we are witnessing now and the reputation of FX as a stable investment vehicle for future investors would be preserved. Right now, who would invest in this roller coaster without a good understanding of the intriguing potential for future wealth that it has but is hard to learn about.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I am reposting my comments of 3/24/04 (see below--post# 9815) because I still think they are appropriate given the latest and continuing drop in price. I would appreciate hearing back from some of you serious types about your feelings in this regard. I am convinced that the company's handeling of PR's is not helping us out at all. Today's announcement can be taken as positive or negative but if it were worded better and a little background given (to whom are we selling shares, only shares or are warrents included, what is the selling price or formula. when will they be offered and be a bit more specific as to how the proceeds will be used for development and production and when and what are the other general and corporate purposes and how much is to be used for that.) I believe that shareholders and prospective shareholders are entitled to that kind of information and I think that we should communicate to management that we want reliable and verifiable news that conveys real information.
      WHAT DO YOU GUYS THINK?


      DO WE HAVE A BIG PROBLEM?
      by: flornosdunk
      Long-Term Sentiment: Strong Buy 03/24/04 12:19 pm
      Msg: 9815 of 10106

      I am no expert at anything but I have been reading and observing this board for a long time and I have a funny feeling about what is going on with the nutty volatility we see here. It seems that most of us here are in agreement that the major factor influencing the price of FX stock now is news and the belief (perception) that there are substantial hydrocarbon reserves still in the ground waiting to be found and proven. Typical ratios and numbers and chart patterns which are predictive for most other stocks just are not applicable here because we are not a mature company yet.
      Currently we have a company management that either is too busy running this company and setting the groundwork for a hopefully very prosperous future for all of us or they just do not care what happens to the value of the stock and we "little people" who own it in the short run. We have all decried the paucity news or information and the fact that when it does come it is not worded very well and so fails to properly communicate momentous events. (See the fiasco over the "split" with CE.)
      If anyone out there has a way to communicate with Mr. Duncan or anyone else in a position of authority (he never answers my email as invited on the investor relations information page of the web site) I would suggest that we request reasonably worded and frequent updates as to what is going on, what is planned and the progress of those planned events. This could easily be done without overdoing it and being accused of pumping up the stock. I bet if that were to happen we would not see the bloodbath we are witnessing now and the reputation of FX as a stable investment vehicle for future investors would be preserved. Right now, who would invest in this roller coaster without a good understanding of the intriguing potential for future wealth that it has but is hard to learn about.

      • 2 Replies to flornosdunk
      • flornosdunk,

        To answer your question. NO. Mngmt shouldn't be concerned with investors who do not educate themselves. If you're a small retail investor, you're irrelevant and lucky (or unlucky) to be along for the ride. If you are taking a large speculative positon, shame on you for not understanding the context of this offering. Perhaps IR can throw you a few bones if you make an inquiry, but I'm more concerned with mngmnt focusing on further exploration of the underlined fences. Short-term technical weakness in the stock is but a blip on the screen.

        If mngmnt's goal wasn't to make FXEN the most prosperable to the long-term shareholder, (which is to fund more drilling) I would be concerned. So, it can only be viewed as a POSITIVE if you know anything about the company and potential of the region. Hype Money, on the other hand is as ignorant as they come, and no doubt interpreting/exploiting this falsely in the short-term.

      • In the 10K I noticed that past stock options for Fxen's officers/directors were granted on April 5. Now typically companies grant these things around the same dates every year. The grantees always *hope* there is a dip in the price then because they will get more options or get them at a lower cost. Most grantees however are not in a position to manage the stock price at that time.

        I will reiterate my concern that the BOD is too insiderish. Investors need a board with some perspective other than management's, and this BOD does not have it.

        Puttster, April 5

    • I suggest you call the company and talk to Scott.I as well as others on the board have called and he has been very easy to get to the phone has been very forthcoming with information.He has never responded to my emails either.It is frustating when the price drifts lower and we want the company to "say something".The plan is in place and on schdule.There are multiple TCF under their land.For a company with only 40 million shares & warrants outstanding,trillions of $ of gas reserves is huge.Those 6 extra zeros in trillion are going to make those who are patient very rich.Let the shorts make their point or two.I'm here for the big money.I agree with Arctic.If Hardman is right,this will be a ten bagger.Hang in there.This isn't the first time and won't be the last time we get these dips.Good luck.

      • 1 Reply to bigggsteve2003
      • From: "Scott Duncan" <scottduncan@fxenergy.com>
        To: "orgeron" <@yahoo.com>
        Subject: Re: FXEN web site - update




        Vincent and Allison:
        I kept record of your e-mail and wanted to make certain you had noticed that we have over the last couple of weeks updated our website and included a new 2004 investor presentation slide show and a 2004 technical presentation as well. This will give you a better overview of the company than we have had on our website for some time.

        Thanks for your comments and your interest. Let me know if you have any additional comments or questions. Sorry for not bringing you up to date sooner.
        Scott

    • Seems to me the company has laid its road map out pretty succinctly on the Website. The stock is dropping 'cause they're no event going on in the public eye right now -- they're laying the groundwork for the rest of the year's drilling. I'm looking to get back in real soon!

 
FXEN
0.9694+0.0994(+11.43%)Aug 31 4:00 PMEDT