OTCPK:LNREF - Post by User
Post by
jerrybeon Feb 18, 2015 5:36pm
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Post# 23441311
Nice performance today
Nice performance todayLonestar has seen a very stead price pattern in the low teens...today was a presentation at an energy conference in San Francisco. The stock is up when oil was down significantly. They must have said good things at the conference.
EOG just announced stunning well performance results for the quarter but missed on EPS. The stock is down massively after hours. That will probably put a dent in the sector tomorrow. EIA report also out tomorrow.
Oil is gravitating around $50 for now. Volatility is high.
Overall, still believe it is a good time to add to LNREF. There Q4 results were great. Obviously as long as oil stays down, it will put a lid on the firm. I do hope Lonestar will use some of their extra lines of credit to buy land/competitors on the cheap. I think the intention is there. Management is savvy, they will weather the storm. GLTA!