GREY:LGVWF - Post by User
Post by
Al42on Sep 20, 2012 4:56am
652 Views
Post# 20389422
Nice plug from Eric Nuttal on BNN
Nice plug from Eric Nuttal on BNN
| 2012-09-19 |
BUY |
LNV-T |
Longview Oil |
Cut their guidance in Q2 of this year when oil prices were very low but only cut production about 4%-5%. Advantage Oil (AAV-T) owns 45%-46% have indicated they want to become a purer play and are selling all of their non-core assets but indicated they won’t sell this company’s shares. Some in the market do not believe that, so the stock price has been suppressed. You have a low decline asset base, predominantly light oil, that is paying about 8.5%-8.6% and the dividend is very safe.
|
Price:
$6.810
Subject:
OIL & GAS
Bias:
BULLISH on ENERGY |