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Fortune Oil - Advice pls (FTO)     

blakester - 24 Oct 2003 12:27

Worth a shot?

easty - 27 Oct 2003 08:34 - 12 of 18

ok thanks alot for that info everyone

Rothschilds Pigeon - 27 Oct 2003 09:07 - 13 of 18

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Easty
HoodlessBrennan.com charge 7.50 for online trading and no conditions involved except you must start off with 1,000 in your account and its a T3 settlement.
Regards JC
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leu01mah - 27 Oct 2003 09:20 - 14 of 18

I use Xest from an egg savings account. Not the cheapest (9.99 a trade + 5 a month) or the best, but no hassle in transferring cash to your dealing account, and 3.5% interest on the balance.

Have been thinking about moving over to Barclays..

chapman123 - 27 Oct 2003 11:53 - 15 of 18

can we talk about FTO and not brokers prices or dont any of you have anything to say ?

leu01mah - 27 Oct 2003 12:31 - 16 of 18

the second oil pipeline should boost revenues significantly and when air travel picks up again their refuelling arm will do better again. as far as potential growth goes, i don't know.

anyone know when the pipeline is being built?

Rothschilds Pigeon - 28 Oct 2003 17:01 - 17 of 18

************************************************************
The 'selling off' of the Petrol Station operation was part of the survival exercise for FTO!

Many will recall that while some "Major Oil Companies" were having to merge together in order to survive the oil crisis, Fortune Oil sold off some of its assets, the Petrol Stations being part of that package..

As a long term holder I was saddened to see this happen (as it also put "Fortune Oil" into the publics view on a daily basis), but I feel it was the right thing to do at the time, otherwise I'm sure the company would not be with us today!

FTO has a gutsy side to it!.... This has been shown by the way they have turned things around since those dark days of the Oil Crisis, and the ventures they have entered into since....... to which I say..... "Well Done!".

If the current progress can be maintained I certainly wouldn't altogether discount a rise to former values around 16 pence within the next year....... or two.
The recent performance of many small oil companies such as "Dragon Oil" demonstrate what is currently happening within the oil sector and this should be an encouraging situation for all who hold shares in Fortune Oil.

Regards JC

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tikka69 - 18 Nov 2003 07:17 - 18 of 18


Some interesting trades on this yesterday near close, the buys vastly outweighing the sells again after a quiet couple of weeks, maybe the news regarding the pipeline deal is just round the corner.

Looks like someone knows something !

Good to see this hotting up again.

Any views ?
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