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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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Post by investor2003on Aug 11, 2006 11:54am
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Post# 11213833

World wide oil production heading lower

World wide oil production heading lowerwe have hit the top in oil production from all the data I have gathered. Sprott Asset latest info is very ...let's say ...a big reason for concern. Just the BP fiasco....well it ain't just going to be BP. Coming up...it would look like West & EAST coast pipelines, which are just as bad, are allready reducing flows...on top of oil quantities being reduced. Well...if you don't by any oil holding, you will be sreewed and thru time cash is going to yield about -5% per year. So, yes, here and there pullbacks will occur...but at the end...your oil (not just OIL) holding will yield about +10 to +XXX% per year. have a nice reading https://www.sprott.com/pdf/marketsataglance/07-2006.pdf cheers
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