Post by
ecolo101 on Nov 07, 2010 11:03am
Q3 results out after market closure, Nov 5
What will be the impact on SP Monday morning at 9:30?
Any comments?
With a good % of its sales hedged at higher NG price for 2010 and 2011, can it send a strong buy signal on the stock?
Obviously NG price remains low but FEL is well protected for now? Current NG price is way too low to reach 2011 target price of 4,70$ although some % of it is hedged.
One way or the other NG price needs to pick up ahead of winter. Let's see.
Monday will be interesting for sure... Going up or a little bit more down. Maybe an opportunity to accumulate!
GLTA
Comment by
ad568 on Nov 07, 2010 3:58pm
results were issued pre-market opening on Friday morning (Nov. 5). Prices traded in fairly narrow band on more volume than average. Price didn't breach $4 to the downside. You say price may go down, i say possibly opportunity for upside. Buyer, seller?..... that what makes a market.
Comment by
poppit3 on Nov 08, 2010 6:31am
Check the Stockhouse News Releases under Fairborne or go to their website and you can read the release from Friday.