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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 DaycareKid007on Oct 10, 2008 3:28am
447 Views
Post# 15518552

RE: prepare yourself for an ugly day folks...

RE: prepare yourself for an ugly day folks...I agree.  I think we can possibly see this stock trading at 1x this years CF the way things are going. I believe book value is around the same level somewhere around the 2.50 level as well. Talking about baby out with the bathwater as I have been hearing so much lately. Try hedging your position with the T.HED.  It is a double down energy etf and will give you some protection until the markets bottom at which point you can dump it and throw the money into your favorite energy stock.  It might take away some of your pain and allow you to ride things out for the next little while. If it hits the 2's I am going to start buying really agressivly.  Opportunities like the ones that we are seeing today will come once in our lifetime.  Just make sure you don't blow your wad in the short term on the way down.


Bullboard Posts
Dealroom for high-potential pre-IPO opportunities