RE: so why the plunge today...... Makes no sense other than "momentum" is pushing it either up or down. Right now down as investors get nervous and worry about it going back to $5, what the market will do, the Sept/Oct affect, etc).
I listened to LGE's last web cast and have no concerns. Things will play out for this company in a positive way provided:
- oil stays at these levels of even above $80 (listen to the web cast - no concerns),
- management doesnt' screw up
- markets don't tank (short term impact only anyways).
The most important message in the web cast: LGE is on track to meet its exist production of 17,900 BOED. Company is like a oil production machine (100% hit rate) with plenty more targets. Just a matter of time beforet this baby is sold and Trent moves on to his next company (V.OIL - which he has put in place and is positioned very well for his next venture).