COMPARATIVE TO LFD....Hello Everyone,
My contacts from the other side have guided me to a comparative stock in which we can measure what LFD should be trading at.
Keeping in mind that LFD has a historic past drill test of 5,000 barrels per day of 41 API, the contacts guided me to look at:
TSU.V which just announced 1,000 barrels of oil per day.
Stock is up on TSU.V, now trading at $ 89 million value for a 1,000 barrel per day find.
This means that 5,000 barrel per day find should be 5x $ 89 million or $ 450 million.
Taking $ 450 million by 144 million shars of LFD gives $ 3.12 per share if we use similar comparatives to TSU.V
The increasing thing about this comparative is that the valuations on TSU.V are current, up to date.
My contacts told me that good40 was circling the TSU.V well, saying it can't be, this will affect LFD, it can't be. What am I to do.
Target price per my contacts is 37 cents this week as those whom sold regret having sold and buy back.
JMHO