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.

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LGX Oil + Gas Inc

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Comment by DaycareKid007on Oct 15, 2008 11:44am

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Post# 15526649

RE: Oilexco a buy at $2.00

I'd be a heavy buyer at book value just under $3. I really doubt that it will go to $2 unless something really crappy happens with the company, but yes definately a no brain necessary screaming buy at $2.

I also think that we could see $65 for a short term but oil will rebound by spring to the $85-$105 level on proper supply demand fundimentals and USD weakness. The weakness in the USD might start all this hedging using oil against a falling dollar again. Of course a great depression type event will end all positive outlook.

Hopefully Oilexco can get its financing order so it can regain it's higher growth profile for 2009 which would definately have this stock trading multiples of what it is today.

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