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LGX Oil + Gas Inc ROAOF

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

Bullboard Posts
Post by slamdanceon May 29, 2006 6:12pm
420 Views
Post# 10918421

Good40 is doing his job - effectively

Good40 is doing his job - effectivelyI think Goody is a Canaccordian plant whose sole purpose is to keep the dreamers and pumpers nailed to the ground. There is some very big money which has 10MMs of shares invested. The last thing they want is a bunch of cowboy TRADERS and dreamers to hijack the stock and produce a meteoric rise like CUX only to have a premature big time blowoff. Because of the sheer number of shares which Goody's employers have tied up, the only way to distribute that many shares at full price is to have a long-term orderly market with solid base building. This is not a fly-by-night wham-bam-thank-you-mam operation. In due course, when Art and company has decided that their company building has been successful and wish to sell, they want to do it on their terms and not leave the gate open to an unsolicited and opportunistic (as in undervalued) offer. I have noticed several times that when this stock gets hot and it looks like some traders are going to take it for a run, the froth is quickly and effectively extinguished.
Bullboard Posts