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LGX Oil + Gas Inc ROAOF

Energy Oil & Gas Integrated
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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Comment by COGTon Mar 08, 2008 11:04am
857 Views
Post# 14619285

RE: How risky is oil

RE: How risky is oilIf the yanks tank they will still need oil to push for growth out of their slump.They will also continue to heat,cool,eat and drive.IF they use 30% less oil/day, 6 million boe ,7% of world production,someone will lap it up.IF oil stays priced in U.S.$ and the dollar stays soft or weekens oil Co's collect dollars, if the US dollar strengtens we got a currency play.N.Americans are still at a discount on gas prices versus the rest of the world.Free ride is over. OIL.T can be manipulated, with their float and current price and market contitions, is short term risk.Long ,let 'em finish what they started or get taken out by a major awash in cash.IMHO
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