Timothy Smith
9 years ago
FX Energy (NASDAQ:FXEN) agrees to be acquired by PKN Orlen, Poland's top refiner, for ~$119M, or $1.15/share in cash, which represents an 8.5% premium over yesterday's closing price.
Besides U.S. producing assets in Montana and Nevada, FXEN has concessions around Poland, partly co-owned with Poland gas group PGNiG.
PKN currently buys most of its oil from neighboring Russia, and the deal would help expand its own E&P activities.
Investorman
11 years ago
Buyers hope for gusher in FX Energy
FXEN soared 27.04 percent yesterday to $3.43 after reporting positive signs in early exploration at a key drilling site in Poland, where the company primarily operates. Shares closed at their 50-day moving for the first time since early March but are still a far cry from their 52-week high of $8.78 reached last September.
Yesterday's long calls , which lock in the price where traders can buy the stock no matter how far it might climb, are looking for shares to rally above $5 in the next five months. That would be a gain of another 50 percent, back to levels not seen since early November. (See our Education section)
Total option volume in the name exceeded 4,900 contracts yesterday, compared with a daily average of just 212 contracts in the last month. Calls outnumbered puts by more than 10 to 1, a reflection of the session's bullish sentiment.
MrBankRoll
12 years ago
βDemand on a massive scale is coming,β said Kevin Kerr, president and chief executive offer of Kerr Trading International.
βSupplies are getting tighter and demand is increasing,β he said, and thatβs likely to happen dramatically in the next five years as new technology and usage comes online. βNatural gas is like a sleeping giant, waiting to be awakened.β
http://www.marketwatch.com/story/natural-gas-commodity-markets-sleeping-giant-2013-03-15?siteid=nwhpm