GREY:LGVWF - Post by User
Comment by
Nawaralsaadion Dec 27, 2013 3:27pm
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Post# 22040966
RE:Insider Activity
RE:Insider ActivityVery glad to see Mr. Drader (our CEO) buying a large amount of the stock on the open market, it is a great vote of confidence in the future of the company. I believe 2014 will be a true breakout year for Longview as it emerges from the shadow of Advantage and into a growing income orientated entity of its own. It is worth noting when Mr. Drader first co-founded Advantage in 2001, they started with 6300 barrels, within 5 years, they were producing 5 times that amount and the stock was 400% higher (not counting dividend payments). I trust Longview could grow materially in the next few years, the last 3 years where not reflective of the potential of the management and the asset base as the company was mostly treated as a tracking stock for Advantage’s oil operations.
Regards,
Nawar