LGX Oil + Gas Inc ROAOF

Pescod Tonight....Shacter buys more

[jfallenangel]

Oilexcco OIL 13.05 -0.60¢ Usually when you step outside your field of expertise , sometimes you find yourself in an embarrasing position. Witness Joseph Shacter who a lot of people respect for his expertise in the oil and gas game, and even in a game he feels he might know there are plenty of unpleasant surprises. But Shacter is well-known for recommending a mining play Tyler Resources on Business News Network form time to time. For awhile there he was looking as if he didn’t walk on water...and then today the Chinese company the Jinchuan Group has decided to acquire Tyler Resources for $1.60 per share. Needless to say that creates a little excitement in the market as Tyler trades more than 40 million shares. So we asked Shacter today if he could only buy one stock in the coming while what would it be? He responds “Well I am currently rolling over much of my Tyler position and the biggest position I am picking up is more OilExco.” He spent some time getting updated with some of the OilExco officials over the last few days and he is feeling ever more comfortable that down the road OilExco’s stock is now trading at what they could be generating in cashflow three years down the road. He suggests they are in a beautiful position where they have one rig devoted to bringing up future production and a second rig that they are using to swing for the fences for ever-more discoveries in the high-risk area of the North Sea. Needless to say having followed the OilExco story for awhile we hope Shacter is as right with OilExco as Tyler resources.