ORDER IMBALANCE....BUY SIDEHello Everyone:
Yesterday on TSX is the first time I have seen in 8 months, a HUGE ORDER IMBALANCE to the buy side, 4x more buyers than sellers. This bodes well for LFD.
With regards to drilling, LFD will spud its hole in September 2011 after the Muslim holiday. There are some companies that respect the holiday and others that do not. LFD is respectful.
The idea that LFD will not spud its hole is simply ludricous and is nothing more than demonic speculation put forth by the imposter Kurd30 whom pretends to hold 100 shares. Notice that even when the share price was 10 cents, he was still being negative.
Perhaps these imposters forget the rule of MOTIVE. In any police investigation, the cops match MOTIVE with the CRIME. Holding shares in LFD and having a NEGATIVE MOTIVE do not match. Therefore to know the truth one needs only to find the MOTIVE. This motive is one of negativety, of hate, of complaining so it goes to say that either Kurd30 is short and if not short, then he is a paid basher.
Myself I have been bullish from the start, have not changed my MOTIVE. Why? Cause I still hold and have not sold a MATERIAL AMOUNT OF SHARES. I could have sold at 46 cents and chose not too cause I do see this stock in the $$$$ range.
Soros himself does not invest at 30 cents and 20 cents to sell at 46 cents. No, they invest at 30 cents to sell much much higher, say $ 3 or, $ 10 or $ 20.
All you have to keep in mind is that LFD does have oil (41 API) flowing at 5,000 barrels per day, sitting on possible 1 billion barrels of oil. The hole to be drilled to become an oil producer is only 2,600 feet deep. This should be easily done at a very cheap cost.
I agree that the wait to drill was more related to the merger aspect of VST hitting oil and, that management had to change plans with merger off the table hence a certain delay in drilling. But to speculate that LFD will not drill is simply an IDIOTIC statement with no basis.
As usual, my message is to LOAD UP before we RALLY.
JMHO