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Fieldpoint Petroleum Corp. Message Board

  • ssccoonneerr ssccoonneerr Apr 27, 2013 4:36 PM Flag

    Met an oil analyst at a friends dinner party - Gave opinion

    I don't know the person, first time I met him, he follows midcap oil companies mainly Bakken he knew of FPP didn't follow it and not interested in owning it because thinly traded. I told him about how FPP is irresponsible to shareholders. After he quickly looked at FPP & XEC info. with my verbal input. This was his conclusion:

    XEC had wider collar for hedging. Asked me if I thought XEC run operation and they seem to be senior partner not FPP. I said probably.

    His conclusion:
    Each well has a finite amount of oil lets say its in the 500,000 barrel range. Why sell that oil at any price to make minimum profit, therefore, keep it and Sell more when prices are higher. XEC would take it in the nuts if they keep pump at full rate when oil prices low.

    He said expect a bump in revenues & production from Q4 to Q1. Because Q4 oil price was in 88 dollar range while Q1 oil price was in 95 dollar range.

    Don't be surprised if they magically beat Q1/2012 production, revenue and profit. That would be in the companys largest shareholder.

    He told me to checkout COG.

    I fully suspect Ray's family and friends know results and are eagerly awaiting opportunity to buy from the weak hands. I hope they fail because people think it through.

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