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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.


GREY:ROAOF - Post by User

LGX Oil + Gas Inc
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Comment by Hqzuj12on Sep 09, 2008 7:46pm
571 Views
Post# 15443126

RE: strange world...

RE: strange world...I think that if the price of oil has dropped 30% and the price of gasoline at the pump has dropped 10%. It could be that when you tank up your car you are really filling up with gasoline that was refined from $130 to $140 oil. Refineries don't want to lose out so until that gasoline stock has been consumed we may see gasoline priced high for awhile. How much does oil have to drop so to make up for that losing gap? If refineries buy $90 or $80 dollar oil will the prices of gasoline come down and boost the economy?
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Dealroom for high-potential pre-IPO opportunities