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Fairborne Energy Ltd T.FEL



TSX:FEL - Post by User

Post by valueplaysonlyon Feb 17, 2011 9:23pm
505 Views
Post# 18154987

I disagree!

I disagree!The stock  was in a relatively  tight range  over the last  year compared to  where it was in the  last 5  years.  From a purely  technical standpoint,  the stock    had come close to  hitting 5  dollars 3 times and was stymied.   On  no  news this would   have popped through the resistance.  The  news is an added  bonus.   In an  increasing    interest rate environment  shedding  38  %  off the debt in a single transaction   is   a  great move.  Moreover,  now    the Company  is almost split in reserves between   Oil/NG  and  dry   gas.  This was   brilliant  execution.  While there   may    have been a  leak , I  think  the stock  traded  on a   technical  breakthrough  past 5  dollars.  And  it  had been below this for a long time   and its cheap in relation to a  5  year  chart.  Also,  add Middle East  unrest in the picture and you  are seeing a flight to  safety  in   proven  reserves    in a stable country.    Galleon  is next,   NVA  and     FEL   will continue to march higher .
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