LGX Oil + Gas Inc ROAOF

Energy Oil & Gas E&P

LGX Oil & Gas Inc is a junior oil and gas company. The company is engaged in the acquisition, exploration, development, and production of oil and gas properties. Its projects are in Southern Alberta. The company invests in all types of energy business-related assets, including petroleum and natural gas-related assets, gathering, processing, and transportation assets located in Western Canada. LGX is dedicated to delivering growth in reserves and production for its investors through land acquisition, exploration, and development of oil and natural gas resources.

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LGX Oil + Gas Inc

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Comment by Hqzuj12on Sep 02, 2008 6:50pm

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Post# 15426119

RE: U.S. Is busy manipulating prices again!

I'd like to add to that. The price of oil dropped about $5 to $6 since Friday. Knowing that Oilexco produces 17,500 boe per day, that would make $31.9 mil to $38.3 mil off market cap per this year. So how does the SP of OIL drop $1 per share today? I think the SP should be in the $14.70 range since it closed at $15.05 on Friday.

If you were to knock off $35 million of Market cap from Fridays close we get a SP in the $14.70 range or more. Is it manipulation?

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