Comments on: “Africa’s Hidden $55 Billion Energy Fortune” Crisis Trader

By: StockGumshoe

StockGumshoe — Sat, 31 Jan 2009 20:02:09 +0000

Hi Aaron — sorry, I often don’t get around to updating the spreadsheet for mergers and splits unless someone calls it to my attention, so thanks. It’s fixed now.

And on a sad note — the 30% gain or so from FCP puts it in the top ten performers for 2008. Ooof.

By: Al

Al — Sat, 31 Jan 2009 15:17:29 +0000

Travis,I jumped into FCP in the last Qrt, @ 2.20, It sold to ENI @ 3.60×10,000 shares not to bad, but very lucky. When I was in Italy I saw that Eni was thinking about the purchase. Thanks, you are doing fine.

By: Aaron H

Aaron H — Wed, 21 Jan 2009 02:32:35 +0000

Dear Gumshoe,

I am confused about this article and how it has been reported in your 2008 tracking spread sheet. Your spreadsheet is reporting it at a 100% loss where as the stock actually jumped quite significantly before Eni’s purchase. Are you going to modify your stock tracker to correct for this bug? Otherwise, it makes certain stock advisors performance records look very different then they really are. Thanks for your time.

Sincerely,
Aaron H

By: StockGumshoe

StockGumshoe — Thu, 25 Sep 2008 21:20:21 +0000

Apparently FCP wasn’t listening to Christian DeHaemer — they decided to take the money from ENI and run. Unless the deal falls apart or another bidder emerges, I would guess this is just a merger arbitrage now.

By: Robert Burch

Robert Burch — Thu, 25 Sep 2008 21:14:45 +0000

Hi:
I’m responding to your FCP Stock statement. I thought this stock was supposed to go above $12.00
or more. According to the Crisis Trader Newsletter, Stock FCP is supposed to go up dramatically, what has happened, any ideas. It’s at $3.44 today, 9-25-08. Why is it so cheap. Curious to say the least.

Sincerely
Robert Burch