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Bullboard - Stock Discussion Forum 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... see more

TSXV:LOU - Post Discussion

Lucero Energy Corp > HUGE LOAN, lots of options
View:
Post by Moremoney4u on Jun 30, 2022 6:50am

HUGE LOAN, lots of options

They 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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