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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 grommeton Dec 02, 2004 10:38pm
249 Views
Post# 8262953

RE: Market Call/ziggy19

RE: Market Call/ziggy19one of his top picks canargo COULD have $1 cash flow in 1 yr and could trade at 5 times cash flow or 5 bucks fair enough, we COULD have $5 cash flow by this time next yr so if we trade at 5 times could equal $25? ok lets say were off by 50% on that cash flow projection and for fun lets say dilution cuts cash flow by another 50% that still leaves us 1.25 cash flow times 5 = $6.25 or a double from here conservatively speaking ----------------- I'm no Canargo expert but they just issued 75 MILLION shares at the end of Sept. at .50 US. Imagine what the dillution is going to be like by this time next year!? Market Miscall. Why can't these "experts" just say they DON'T KNOW instead of pretending they know everything!?
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Dealroom for high-potential pre-IPO opportunities