Far East Energy Corp. (NASDAQOTCBB:FEEC)

CAPS Rating: No stars


Player Avatar skepticalbuyer (91.54) Submitted: 12/28/2010 12:21:03 AM : Outperform Start Price: $0.71 FEEC Score: -38.23

Highest quality (best permeability) coal bed methane properties in China. Just now hooking up to pipeline access and selling first gas. Low risk development drilling. Wells have projected IRRs of 92%. Gas sales contract in place to sell at a pre-agreed price for the next 20 years.

Member Avatar EquitySting101 (< 20) Submitted: 1/14/2011 9:17:52 AM
Recs: 0

Experienced, conservative management with low debt, sitting on top of 5~7 trillion cubic feet of sweet gas. CBM sector is out of favor with the talking head crowed on Wall Street. Pennystock hunters only care about technical indicators and short term gains. Buy and hold this stock.

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