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Leggett & Platt Inc T.LEG


Primary Symbol: LEG

Leggett & Platt, Incorporated is a manufacturer that conceives, designs, and produces a range of engineered components and products found in many homes and automobiles. The Company’s segments include Bedding Products, Specialized Products and Furniture, Flooring & Textile Products. Bedding Products segment supplies a variety of components and machinery used by bedding manufacturers in the production and assembly of their finished products, as well as produces private label finished mattresses for bedding brands. Specialized Products segment supplies lumbar support systems, seat suspension systems, motors and actuators, and control cables used by automotive manufacturers. It also produces and distribute tubing and tube assemblies for the aerospace industry and engineered hydraulic cylinders used in the material-handling and construction industries. Furniture, Flooring & Textile Products segment supplies a range of components for residential and work furniture manufacturers.


NYSE:LEG - Post by User

Bullboard Posts
Post by pemican21on Jan 27, 2010 8:30am
1046 Views
Post# 16722777

Canacord

Canacord

Legacy Oil + Gas* (LEG : TSX : $11.58), Net Change: 0.88, % Change: 8.22%, Volume: 1,309,320

Is this your...Legacy Oil had a leg up on the market yesterday, after announcing that it completed a successful drilling program

between late November 2009 and early January 2010, consisting of 18 (15.5 net) oil wells with a 100% success rate. Given the

strong drill results, the company was able to exceed its 2009 year-end guidance of 5,750 boe/d. An operational update with

details regarding the successful drilling campaign will be released in the near-term. For 2010, Legacy plans a capital budget of

$117 million, which includes spending $89 million on drilling 76 gross (58.7 net) wells, $7 million on facilities and $21 million

primarily on land and seismic. More specifically, the company is targeting light oil primarily at Taylorton (11.3 net wells),

Antler/Frys (8 net wells), Heward/Stoughton (7.5 net wells) and Edenvale/Nottingham (5.2 net wells). While no capital was

budgeted in 2010 for acquisitions, the company continues to evaluate new opportunities – both within and beyond its core are of

southeast Saskatchewan. Based on this capital program, Legacy is projecting 2010 average production of more than 6,500 boe/d

(97% oil) with 2010 exit production of 7,250 boe/d (increase of 26% from 2009 exit). The next catalyst for the stock is expected

to be operational announcements from its drilling program.

Bullboard Posts