Bullboard - Stock Discussion Forum FORENT ENERGY LTD. V.FEN

Energy Oil & Gas E&P

"Forent Energy Ltd is an oil and gas exploration, development and production company with mineral rights holdings, reserves, and production in Alberta, Canada. The company does a production of oil reserves through development drilling on three core properties in south-central Alberta; Twining, Provost, and Wayne. The majority of Forent’s production is generated from these properties. The firm... see more

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FORENT ENERGY LTD. > phonse

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Post by Yajne on Dec 11, 2014 10:40pm

phonse

How are you liking 3 cents? I'm not. Keep the pumping happening...great impact on the sp so far!

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Comment by Phonse47 on Dec 11, 2014 11:18pm

hi yajne, where have you been? Firstly i will simply say i edont expect my comments to have ANY effect on shre price. SP can be very fickle in such a lightly traded stock. However, since you brought it up i will say this I am in accumulation mode. I like when there are case lot sales. So, 3 cents looks pretty sexy to me. My only regret is not having enough cash to tripple down. Thats why i am ...more

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Comment by Phonse47 on Dec 11, 2014 11:54pm

a simple observation. I see people scramble for sales. My wife loves them. With any commodity other than money people go crazy for sales. Investments are wierd in that people pour there money in when prices are rising! Basically saying i will wait until the price goes UP before i buy. If your following trends this makes some sense. If your long and looking at intrinsic valuation it does not. With ...more

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Comment by Phonse47 on Dec 12, 2014 12:16am

oh ya, and have you looked at the insider trading reports? Nothing to see! The majors havent sold a single share. Decembers volume of a meager 1.5 million share(approximation). Amounts to less than one percent of the outstanding shares! Seriously!! This is a few tax right offs or someone has to buy some care bears for under the tree. If you accept this as being indicative of the underlying value ...more

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Comment by BayStreetVic on Dec 12, 2014 11:44am

I appreciate you optimism Phonse. I too am somewhat optimistic but I will refrain from putting any more money into this until I hear the master plan. With the lack of any hard information it's still very speculative at this point. I agree in the sense that this time of year can be brutal on the SP of some companies but combined with what is happening with the price of Oil, for shareholders, it ...more

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Comment by mike49 on Dec 16, 2014 9:14pm

don't know how long the insiders would want to sit around.i can see a merge with 2 or 3 other tiny players or a rto and try something else (tech,real estate ?)i expect a halt before any price action. happy holidays

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Comment by BayStreetVic on Dec 16, 2014 9:18pm

Lol! huh?

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Comment by mike49 on Dec 18, 2014 1:15pm

good luck raising cash even with a recap in this market.b. wilson has his fingers in lots of things-follow the lead of a bunch of other micro cap oils and reverse to a tech.lots of huff and puff there too but at least some fun for a while.

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