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Ann: Fremont Petroleum Corporation completes $1.7m Placement, page-70

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Autosime

20,478 Posts.

2023

25/07/17

18:02

Post #: 26071350
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Originally posted by cmonaussie ↑

Hi Auto,

A rare moment of disagreement for us on your opening gambit. I hold to the view that ZIRP made access to capital so cheap and providers willing to accept risk with pricing it properly, that any 2 bit company was able to set itself up as a shale E&P company. All the wildcatters knew was how to put money into the ground. Rocks matter. There are plenty of companies with a viable business at $45 oil. At $60 they more they thrive. If anything the largest "destructor" may be OSD and with their long capital cycle versus shale's short cycle I'm backing shale.

The resource sector is boom-bust-boom-bust ..... look at all the piddly failed iron ore companies, rare earths companies, lithium companies, .... maybe it really is a case of luck, timing and skill and don't mess with the order.

For many the lesson may well be, if you don't know what you are investing in, don't invest in it. "Oil's aint oils" and quality gap between companies is vast!

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Cmon
Good that we disagree / otherwise people will think we are the same person lol
There maybe but I haven't come across listed on ASX . Maybe in the US

FPL Price at posting: 2.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 0.1¢		Change 0.000(0.00%)		Mkt cap ! $5.824M

Open	High	Low	Value	Volume
0.1¢	0.1¢	0.1¢	$10	10.20K

Buyers (Bids)

No.	Vol.	Price($)
11	21503676	0.1¢

Sellers (Offers)

Price($)	Vol.	No.
0.2¢	86063854	62

View Market Depth

No.	Vol.	Price($)
11	21503676	0.001
0	0	0.000
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.002	86063854	62
0.003	35823118	22
0.004	8979247	11
0.005	2401679	14
0.006	3376430	6

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