RE:RE:RE:Lonestar West – Record Revenues And EBITDAC In 2014I agree Pagoda. I've been working down in the states for the last 3 months and kind of out of the loop. Being from the central north AB I was in shock.
That being said, I took advantage of the run-up and the rather surprising volume, to sell out. It was too much of an opportunity to pass up. That's twice in 3 months! And given the volume and the good news I had to convince myself to be happy with my gains and watch it go.
Now in the space of 3 days, it has drpped down almost to the 2.00 level. I might bite tommorow at 2.10 after writing and thinking about this. And the reason is this....I think certain buisiness's in a NDP government will do very well, if they market themselves well to said government. And one of those areas that the NDP loves is oversight....and lots of it.
This buisiness screams oversite. It's quick, mobile, environmentally friendly, and relatively cheap. I think the focus on expenses is extremely smart, recognizing a natural slowdown of buisiness to come, and let the natural demand for it's services progress naturally. Revenue may go down, but with a sharper pencil, they may just turn a profit thus mitigating the risk of growth in uncertain times. Not to mention the general market view of the oil industry in general. Let's face it, this thing is unfairly pigeon holed.
With that in mind, this unlikely and unreasonbly proud instatrader of a low volume stock (LOL,,,seriously, who does that!) must now grow up and actually hold some like his wife keeps telling him to do.
Mind you, with the new coverage, my hopes may be dashed. We shall see.
I appreciate your commentary btw
Good Luck
BWB