GREY:ARHTQ - Post by User
Post by
taxdemiccoon Jul 12, 2011 8:44am
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Post# 18821308
SWITCH TO LFD, PENDING RALLY!!!!
SWITCH TO LFD, PENDING RALLY!!!!Hello Everyone,
I know that investors are really disappointed with VST and, many are hurting. Do not get stuck on false hope, hanging in for a rally. VST has announced a very disappointing drill result and chances are this hole is uneconomical.
Given this serious dent, I would recommend that you switch your holdings and LOAD UP on LFD, which is scheduled to drill their property within 60 days maximum, August being holiday of Ramadam.
LFD has historical drilling, PROVEN, of 5,000 bdp of commerical oil 41 API. This is not a guess, it is not a wildcat operation, it is true.
Canaccord has a $ 2 per share target price, Scotia has a $ 1 per share price.
Valuation of LFD is $ 30 million which is below the disappointing hole results announced by VST of $ 40 million stock value. LFD is on the same trendline as WZR.
A valuation of say $ 200 million for LFD will give you significant returns quickly so that you may recover.
Instead of hoping, do the proper thing, sell VST and LOAD UP on LFD. You don't lose anything except to switch horses at the same price.
JMHO