" When the only qualifying criterion is that you are rich, your sophisticated investor moniker can make you more of a target than a champion"
Love it!!! and good luck to them if they don't actually have much time or investment knowledge.
IMHO FP may eventually be OK BUT is the lower 48 gas price sufficient ATM to warrant the risk and the development outlays??? The answer depends on investment timeframe and likely future dilution as well as geo risk appetite.
The elephant in the room ATM is Chorbane and on that I have sweaty palms. While the potential upside is far greater than FP could ever be (IMO) so too is the risk. I note some XST insiders (all SIs) at one point placing maybe 40K on the Tunisian JV but no more... which in my view is appropriatefor them (they have more spare money than I do) ...but each to their own.
Chorbane could of course result in another CR BUT that is to be expected when you are fighting a few grades above your weight class.
cheers
VIL Price at posting:
1.1¢ Sentiment: None Disclosure: Not Held
