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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 Bapakon Nov 16, 2008 2:18pm
269 Views
Post# 15589591

RE: RE: OIL has a liquidity crisis

RE: RE: OIL has a liquidity crisisMy friends, the issue here ( apart  from the liquidity crisis)  is the conversion rate.  If it  is $3,   a  snowball in hell has  a better chance  than OIL to go over the conversion number - the reason being  that the owners of convertibles will immediately  short the stock at higher than conversion rate  without any risk. So . let's  wait and see. OIL is on my watch list.

Bapak
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities