The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
So, I kept my word and waited until the 22nd to say I told you so. Not funny though huh. How could POQ say that the two wells would be drilled in Sept knowing now that the water bore holes haven't been drilled for one of them. This guy is either a LIAR or a complete incompetent IDIOT. I don't know which one I prefer. How POQ can be kept on is beyond any rationale. I'm sure the usual suspects will disagree once again. WW is the biggest culprit with Newtofo Finally getting the message, reality sucks. Our clueless "leadership" haha strikes out again
Oleo, there are many sheep on this including TDF who blindly agree with whatever POQ puts forth. They are terrified, by all accounts, of this stock slowly drifting into oblivion. The bar just gets set a little lower every time, until poof, nothing left. My last post was dead on the money once again, this too easy!
Stebol, the stock is at .10 cad you've got to be kidding and what world do you live in? There will be NO deal that Falcon will be able the get done, but I will be happy to wait until Oct 22nd and then say I told you so. At that point, you will be saying that the lack of a deal is actually a good thing after all for FOG, it's all very predictable. See ya in 3 weeks!
I wonder just how much we are paying to have this "so called" drilling rig on standby. There is absolutely no reason for delay apart from consistent systemic incompetence. You just don't put business on hold as your in talks for a takeover, deals get done in a seamless fashion all the time without affecting the business end of it. This is just business as usual for FOG/Origin fiasco, and it is a fiasco.
Judging from the satellite image, there is little action happening. WW, what me and others do understand is when POQ clearly stated drilling will commence in September. If he wasn't privy to the drilling schedule why would he go out on a limb and give a timeline. The month is only half over so we still have time!
Sept 2020 POODS, "An PR similar to this may get things going...Falcon Oil and Gas is very pleased to announce.....
How about : POQ has resigned.............
Just a thought, as he probably is professional golf level these days!! POODS"
Schlem, If Jiminy Cricket is what you are referring to "The CEO of FOG could well be Jimmy Cricket and it wouldn't make any difference". Then, why are we paying him an obscene amount of money to not make any difference, we may as well just use an answering service, if your account of goings on rings true!
Your right Oleo on the the supposed flow rates, they quietly lowered their expectations as to what is considered commercial in and amongst themselves, looks like the market isn't as accepting of these numbers. I guess we wait for Origin to drill and release results as this seems our best chance for share appreciation, if and when it happens!
Oleo you are far and away the most schooled person with regard to fraccing on this board, and have suffered along with everyone. You mention Empire and Tamboran will float our boat as well as their own with good results. Well, that didn't happen with the latest news release. Why is this not happening, not only for Tamboran but us as well!
JHealy, Its nice to see your positive going forward on this stock as am I, but you have to admit it is totally warranted for people to vent when it comes to this stock. I am also adding at this point as I feel a bottom is in.
The mismanagement here is truly epic, even at these prices nobody is interested. It is a testament to the lack of any confidence in our lowly management, POQ is the only one to make money here and is at the core of our demise, he should be voted out or resign!
unfortunately there is nothing substantive to catch our fall. Their joke of a drilling program this year has cratered this stock and with not much coming down the pike one can only guess how low the stock will go. The Dublin Donkey is still in hiding so dont hold your breath for any news from him. I dont think anyone thought we would be in this position at this point in the game, Origin has not prioritized the Beetaloo this year, one can only hope next year will be different.
Poods, are you still averaging down, because there looks like no immediate end to this. The price today does matter, if we need to do another capital raise, we would much rather it be at a higher price. Just keep establishing lower lows, who would have thunk it!