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LGX Oil + Gas Inc ROAOF

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

Bullboard Posts
Post by everswannon Dec 11, 2008 4:03pm
741 Views
Post# 15641185

To be sold buy on weakness

To be sold buy on weakness
Assets are just too valuable both for creditors and potential acquirors.

This stock is priced as if it will go bankrupt. That will not happen. Creditors will continue to sustain a money generating machine to recover capital and interest.


Acquirors are like vultures. They will grab this pool of assets more than the current level.

The analysis is easy to make.

Anything else is noise from people desperate to cover shorting positions or plain liars trying hopelessly to bring down SP so that they can accumulate.
Bullboard Posts