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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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Comment by jims101on Aug 14, 2008 8:24am
797 Views
Post# 15383189

RE: Oilexco Q2 Results - not so great??

RE: Oilexco Q2 Results - not so great??Why the heck am I surprised....Company after company that I own is missing...I am pretty well fed up with the blue sky projections.....EBITA on an annualized basis comes in at about 4.8 times...not real high...but the issue is this company can't get its production on line as advertised. 45,000 bpd at the end of the year if every thing goes smoothly...WELL figure it won't!!!

Fortunately sold down my position in this stock figuring they'd miss...and while not too badly I don't see fireworks here until they eventually achieve a production schedule they estimate as a possibility....discoveries or no discoveries...It's cash flow that counts...these days....
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities