CVE:FO

Falcon Oil & Gas (FO.V)

0.31
-0.01 (3.13%)
as of May 29, 2026, 7:52:14 pm Market Open.
9 watching
0
COMMENT
Natural gas in Hungary. New management team is much more driven to cash flow. Relatively high risk.
COMMENT
Extremely speculative. Could be a home run, might be a bust. Be cautious.
WAIT
On his radar screen. Deposit in Hungary looks quite sizable and could be extremely prospective to him. Very expensive drilling as it is very deep. Recently announced a joint venture with Exxon Mobil (XOM-N), which got the stock recovering off its lows. Stock may pause for a while because of an absence of news flow. They will not be doing any drilling till late this year or early next. Consider buying later this summer before drilling starts.
COMMENT
Just signed a joint venture with Exxon Mobil (XOM-N). Prior to this, he was concerned with a number of issues including that they were running out of cash. The wells they are drilling are extremely deep. Expect the stock will start moving up over time. Quite speculative.
DON'T BUY
Stock has picked up because of a deal they did with Exxon Mobil (XOM-N). The past has not been very good. All the wells that have been done have shown the project to be not economic. The gas is there, but it's more about bringing it to the service at a reasonable price.
DON'T BUY
A very risky stock. Anytime you get into the political never-never land, you want to go elsewhere.
DON'T BUY
Just signed a joint venture with Exxon Mobil (XOM-N). They still have to drill a fair number of holes to prove the reserves. Very expensive drilling because of very deep wells. At these levels, you are taking a very high risk.
COMMENT
Exxon Mobil (XOM-N) has gone in on a joint venture with them in Hungary but you should look at this on its own merits. Never buy a stock on the prospect that it might be a takeover.
DON'T BUY
This has been a very ugly situation. They spent a lot of money in Hungary. Very deep wells. Costs per well are very high. Fundamentals are still very tough. Total rank speculation.
DON'T BUY
Involved with some very, very deep gas, so the cost of drilling is huge. It is somewhat under funded in terms of developing its program. Failed to come up with a joint venture partner and ended up doing a share issue to raise some money in order to evaluate some of the wells. Big potential and always looks tremendous but the problem is getting the gas and producing it. Feels it is some time a way for that.
DON'T BUY
Failed to execute big-time, ran out of money and has a problem trying to raise more money and getting a new partner. Sold his holdings a long time ago. In the “lottery ticket” category right now.
COMMENT
Oil/gas play in Hungary. Were not able to complete a couple of their drillings. Initial tests results were not very strong. Brought a new management and did another round of financing at $.40. Very risky stock but the risk/reward is good.
DON'T BUY
The game is over for this one. A lot of the Venture stocks involve promotion.
HOLD
Have taken on additional staff with high skills. The natural gas is at a great depth. This is a speculation. Sold most of his holdings. If you owned, there is no point selling at this time.
DON'T BUY
Sold his holdings when he thought they were taking too long and they were looking for a joint venture partner. Did a Rights Offering so have a little bit more cash. The real issue here is the cost of drilling. Very deep drilling. No cash flow. Really need somebody with deep pockets.
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