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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
Comment by manfrommarson Dec 20, 2008 8:17am
409 Views
Post# 15659271

RE: Question

RE: QuestionThat was before my time. I'm a newbie.

The 50% off sale caught my eye on Thursday.  I don't know when the Cannacord offer was turned down.

In hindsight it probably was a better.

Maybe at the time OIL thought 35% of a 600 million market cap was to much.
 
Now that a barrel of oil has cratered and world credit has tightened to a point that's it's almost non existent. When you are in nothing but a life jacket bobbing in the North Atlantic, 25% of 180 million market cap doesn't look so bad now.

When your house is on fire and a fire truck shows up, your not in a position to be dickering how much it will cost.
Bullboard Posts