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Longview Oil Corp LGVWF

Energy Oil & Gas E&P


GREY:LGVWF - Post by User

Longview Oil Corp > CIBC recently reiterated $5.40 target. Why?
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Comment by terroiron Oct 26, 2013 9:50am
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Post# 21851249

RE:RE:RE:RE:RE:CIBC recently reiterated $5.40 target. Why?

RE:RE:RE:RE:RE:CIBC recently reiterated $5.40 target. Why?
  • Q3 results after market on November 7
  • Stock trades ex-dividend on Tuesday next.
  • Last quarter's results were released August 9, share price appreciated 30% in weeks following. However that corrresponded with hot oil price action.
  • Q3?
    • Drill results should be on track, although wet weather extended into July in Sask.
    • Revenue per bbl without effect of hedge should be up 15%
    • Advantage likely to update on strategic review with implications for LNV

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