SPECULATION TO NEW HIGHS....Hello everyone,
Thank-you for reading my posts and for being very kind to me with your comments.
The trading pattern of late is one of a step ladder, new steps being created with higher highs and, higher lows and increasing volume.
Investors are concentrated on the following speculaltion which will continue to drive the stock:
a) Detailed report coming either before Christmas or, in January 2011 confirming amount of oil in the area. A report validating 3.1 billion barrels of oil and higher will really push the stock.
b) News from VST drilling program to be completed in January 2011. If VST hits, then expect LFD to soar as it confirms confidence in management. If VST misses, then expect LFD to ramp up anyway since investors will be unloading VST and, loading up on LFD. In either case, it is bullish for LFD.
Longer term once this news is released, speculation will heat up to the spudding of the 1st hole that will be put into production generating $ 60 million in revenue to LFD. As you know, people buy on the rumour and sell on the news, so we have 6 months of rallying to do.
I have to disagree on any pullback, we might just be stuck at a price for a week (flat), but then it will climb higher and higher.
VST is a wildcat operation, huge risk. If VST had hit a 64 feet payzone of oil they would have concentrated on this area and, not moved on to the same hole.
WZR is another huge risk due to failure in drilling equipment.
Both VST and WZR have proven that they are unable to deliver, just too risky for your money.
Investors create wealth by investing in stocks with huge upside and, very minimal risk.
LFD has little to no risk. It is backed by SOROS whom probably conducted an exhaustive dd himself. It has 7 confirmed oil wells in an area that has 3.1 billion barrels of oil It has shallow oil that can be produced quickly meaning quick dollars for investors. As we approach the spud date I expect stock to soar.
JMHO