LGX Oil + Gas Inc ROAOF

RE: Lets hope oil bounces back

[jims101]

I tend to agree. A further drop in Crude will melt OIL down to somewhere below $15 at least...Look at the CMF money flow and Accumulation / Distribution line on this chart....
https://stockcharts.com/h-sc/ui?s=OIL.TO&p=D&b=3&g=0&id=p64824921361

Very negative even with the company being every analysts favorite on BNN.

I also get the feeling that the earnings report will reveal production below expectations and new discovery work behind schedule. Long term expectations for this company are very high, but in the short term I am concerned about disappointments...Plan to reducee if the thing doesn't gap down a point on Monday...