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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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Post by pendragon3on Dec 31, 2008 9:08am
469 Views
Post# 15673802

Sounds like another Shakeout

Sounds like another ShakeoutLooks to me like this news release was designed to bring more shorters back and drop this stock price as low as possible. I noticed the last few trading sessions had deliberate signs of of the stock price being held back. A low stock price would make for a much sweeter deal for someone that wanted to aquire the company. The news releas merely states "the company intends to ....appoint an administrator" The actual news of this if it materializes is at least a week away. Don't get me wrong it is still very risky business messing with this stock.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities