Post by
SlumdogMillionaire on Nov 17, 2011 11:28am
Oil back over $100/bbl
Well folks, even though there is a lot of uncertainties looming in terms of Europe and economic growth in general, Oil has still managed to creep its way back over $100/bbl. The implications of which are largely positive for LEC. As you will recall, LEC is found that their HP-L has shown promising results in thermoplastics applications (as per the Oct 5th news release). Thermoplastics is a multibillion dollar industry and they use petroleum in their plastics. Even though this stock has lost interest in the short term (for whatever reason), I still think it is a fantastic mid to longer term hold with an extremely attractive upside and limited downside.