Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of FX Energy
So what: Six million shares will be sold for $7.00 per share, with an additional 900,000 available for over-allotments. The funds will be used to fund the 2011 and 2012 capital budgets, and accelerate explorations in Poland.
Now what: It's been a sad ride for shareholders as FX Energy has tanked for the last week. But a small silver lining for investors may be that the stock is trading higher than the offer price right now. Confidence may be low but it isn't gone completely or the stock would be trading even lower.
Interested in more info on FX Energy? Add it to your watchlist.
Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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