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Lucero Energy Corp PSHIF


Primary Symbol: V.LOU

Lucero Energy Corp. is a Canada-based independent oil company. The Company is primarily focused on the acquisition, development, and production of oil-weighted assets in the Bakken and Three Forks formations in the Williston Basin area of North Dakota. Bakken is a petroleum system with source rock featuring multiple stacked zones accessible for development, which includes Middle Bakken, Three Forks Benches One, Two, Three and Four, Pronghorn/Sanish and Lodgepole. The Company has a platform of light oil assets located in the prolific North Dakota Bakken/Three Forks play.


TSXV:LOU - Post by User

Post by Moremoney4uon Jun 30, 2022 6:50am
205 Views
Post# 34792925

HUGE LOAN, lots of options

HUGE LOAN, lots of optionsThey have a LARGE amount of cash. Buy up existing production, i.e. other companies, buy more land, DRILL,  DRILL, get the cash flow coming in, its all good. The volume here has not been high, increased voulme might be the sign to start accumulating. The mgmt. team is VERY WELL seasoned in bringing up PRODUCTION volume and improving the stock price. The 180 million LOAN, SHOWS confidence by the lenders. LOU, still has  good revenue  coming in to finance their existing operations. The loan brings them into another LEVEL. HAPPY CAPITALISM. 
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