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 19, 2008 12:05am

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Post# 15534019

RE: Oil going back to $100?

yeah it will eventually get back up to $100 though it may take until early next year. It is amazing how these analysts in the US seem to all be blurting out how the price of oil is going to 50 dollars. The last one I saw I think it was on BNN said that OPEC can't stop the fall in the oil price and and the more production they cut the more the price will fall. I was thinking the guy is a quack or something, but i guess he is thinking that demand destruction will continue and it won't matter if OPEC lowers supply. Unfortunately if the US dollar weakens again it really won't matter the price will once again go up. Also it seems as though the lower demand coming from China is temporary and will once agin pickup in the new year.

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