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Bullboard - Stock Discussion Forum Lonestar Res Ltd New LNREF

"Lonestar Resources Ltd is an energy company focusing on acquisition and development of existing onshore oil and gas fields through exploration activity. The company holds a portfolio of twelve projects located in Texas, Louisiana, and Oklahoma, USA."

OTCPK:LNREF - Post Discussion

Lonestar Res Ltd New > Pending share consolidation, 1 for 50
View:
Post by ozzy5 on Apr 01, 2015 6:07pm

Pending share consolidation, 1 for 50

Crude price (WTI) up aboot 4% today; LNREF down, on light volume. Seemed like a good day to average down, buying a few more LNREF shares.
.13X50=$6.50
LNREF is making a bold move, hopefully a good move ... moving on up, away from 'penny stock land.'
GLTA
Comment by jerrybe on Apr 17, 2015 4:18pm
Finally seeing a slight rebound this week. Much less though than most of its peers. I still believe it is a good time to add at these levels. Their EagleFord production should keep performing very well. Netbacks, even at these lower crude prices, should still be positive. Well hedged for another quarter or two. They should do better than most small caps. I do worry about a retracing of oil in the ...more  
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