Lonestar Res Ltd New LNREF

RE:RE:Added more today...

[jerrybe]

There is even less volume on the ASX on many days. Be careful of big swings on that exchange, it could represent multi-day move equivalents on the US exchange.

But yes, the stock is down. I almost bought more now but as we are two days away from the Peters conference, I feel I want to hear an update before loading up more. I am knee deep already!

Now, US market cap is $60M....the lowest in years. The market is assuming distress when the firm is far from distress. It has a heavy debt load but it is manageable. Oil stocks getting dumped as the perception of lower for longer settles in. I do not buy the scenario of $50 oil by end of 2016. Too many producers are not surviving at those prices. Drilling will get reduced and prices will readjust. 

Buy low, sell high. So easy in principle, so hard to do with stocks! GLTA!