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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 Resilienceon Mar 08, 2009 6:29am
1165 Views
Post# 15828876

RE: Some news not much

RE: Some news not much
What if you are say Taqa and you were interested in the big picture. Would you want your sale to be confounded by big legal fights and uncertainties? Over a few minor spoils. Or would you take the big fish and leave the scraps to avoid uncertainty?

If you were E&Y and one of your main objectives as stated in the Administration definition is to keep the company as a going concern. Would you want to run the risk of lawsuits and possible company defamation? Or would you come to an acceptable compromise?

If you were RBS and you were not up til your neck in water but really truthfully in $hit, would you want the cash now or risk a massive lawsuit. Alternatively if the whole company is sold you would want to make sure you get some revenues from your equity fee..

In all these 3 cases it's best to take the compromise. So that's what's likely to happen if you follow common logic combined with all the info posted here. 

Things to support that are the market price and massive big volumes sales at some point even up to a price of 0.34.

But hey. It's not certain.

R.

Bullboard Posts