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 Oct 16, 2008 11:22am

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Post# 15528905

RE: Morning rant

I'd like to point out in addition to what you're saying. I think that every blatent emphasised disaster has been thrown at this market and has scared many.

3 times this market has been pushed down.

1. Sub-prime mortgage---> Market drops drasically----> Quick recovery.
2. Credit defaults crisis ---> Market drops drastically ---> Quick recovery.
3. Banking and credit crisis --- Market has a major drop ---> Not much recovery.
4. Global Recession ---> Markets keep dropping ---> No recovery

I don't trust what analysts are saying anymore. Some say the economy is not all that bad. Some are yelling global recession. The banks caused the recession and crisis by not checking their applicants credit history. Some dude walks into a bank office and asks for loan. Oh no problem here's $200,000 smackeroos go and by a house. What dom azz credit lenders don't even check who their clients are?

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