LGX Oil + Gas Inc ROAOF

Energy Oil & Gas E&P

LGX Oil & Gas Inc is a junior oil and gas company. The company is engaged in the acquisition, exploration, development, and production of oil and gas properties. Its projects are in Southern Alberta. The company invests in all types of energy business-related assets, including petroleum and natural gas-related assets, gathering, processing, and transportation assets located in Western Canada. LGX is dedicated to delivering growth in reserves and production for its investors through land acquisition, exploration, and development of oil and natural gas resources.

GREY:ROAOF - Post by User

LGX Oil + Gas Inc

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Comment by deismanon Oct 02, 2013 4:47pm

416 Views

Post# 21785783

RE:What's up with this stock!?!?

Trent Yanko runs this one as well as Legacy which owns 19M shares. Large block owners are rotating into LGX which is a definite positive. (cnbc report attached) Book value is $1.19 and its trading at a P/E of only 2.6 . I've added to my position, will add more on a pullback and am willing to hang on for a couple of years. I don't really think I'll have to as Legacy will probably take them out.
LGX is spudding 3 wells just west of Lethbridge and

LGX HZ PENNY 13-2-9-24
PRODUCTION - NPW (C)

Well ID: 00/13-02-009-24W4/0
Fluid: CRUDE OIL
Licensee: LGX OIL + GAS INC.
License Date: 16-Sep-2013
Spud Date: 27-Sep-2013
Projected Depth: 3,753.0 m
Field: PENNY
Terminating Zone: WABAMUN GRP

LGX HZ PENNY 13-2-9-24
PRODUCTION - NPW (C)

Well ID: 00/13-02-009-24W4/0
Fluid: CRUDE OIL
Licensee: LGX OIL + GAS INC.
License Date: 16-Sep-2013
Spud Date: 27-Sep-2013
Projected Depth: 3,753.0 m
Field: PENNY
Terminating Zone: WABAMUN GR

OIL.V : TSXV

Industry: Exploration & Production

HOLDINGS SUMMARY

Shareholders

Top Shareholders

Large Block Owners	10
Total Number of Shares Held	27.8M

% Change in Ownership	0%
% Shares Owned	12%

Monthly Rotation	Number of Shares	Value of Change (MM)	% of Shrs. Outstanding
Buyers 10/2/13	12,087,150	$5.65	14.2%
Sellers 10/2/13	40,546	$0.03	0.0%

Institutions	3 Holders
Mutual Funds	3 Holders
Other Major Holders	7 Holders

SHAREHOLDERS CONCENTRATION

31.5%

Top Institutional Holders

Concentration of Current % Held

Top 10 Institutions:

Top 20 Institutions:

Top 50 Institutions:

All:

Low
Avg. Turnover Rating

Name	Shares Held	Position Value	Percentage of Total Holdings since 10/2/13	% Owned of Shares Outstanding	Turnover Rating
Legacy Oil + Gas ...	16.0M	$7,149,240	+57%	18.1%	Low
Raymond James Ltd.	9.7M	$4,347,520	+35%	11.0%	Moderate
Yanko (Trenton ...	1.0M	$446,828	+4%	1.1%	Low
Sprott Asset ...	500.0K	$342,707	+2%	0.6%	Low
Pasieka (James ...	200.0K	$89,366	+1%	0.2%	Low
GCIC Ltd.	200.0K	$118,367	+1%	0.2%	Moderate
Bloomer ...	157.5K	$70,375	+1%	0.2%	Low
Welykochy (James)	50.0K	$22,341	0%	0.1%	--
JANISCH MATTHEW L	9.5K	$9,473	0%	0.0%	--
San Francisco ...	400.0	$150	0%	0.0%	Low