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LYNDEN ENERGY CORP. V.LVL

"Lynden Energy Corp is an oil and natural gas company. The Company is engaged in the acquisition, development, and exploration of oil and natural gas properties. Its projects include Wolfberry and Mitchell Ranch projects in the Permian Basin, West Texas."


TSXV:LVL - Post by User

Comment by zadmanon Oct 30, 2013 1:07am
155 Views
Post# 21860571

RE:RE:News finally out

RE:RE:News finally outHonestly Pandora, the market could care less about earnings for this company. It's all about asset value and monetizing same and on this front, it doesn't seem like lvl is doing much to advance things. Of course, it could be a mere press release away that takes the stock materially higher but me personally - I'm getting a little frustrated at the pace this company is moving. The big upside is Mitchell ranch but they continue to drag their feet. This is arguably the hottest basin in the us the past 12 months, how long do you think that will last? Do something.....sell it, spin it out, jv the other portion not under the chk to someone else but don't sit there!!!! I expected huge things from lvl in 2013 and they just haven't delivered. And again, they seem to have spent the bank drilling these little verticals the market isn't interested in and for what - 1200 boepd production. Yippee. 30mm+ on the loc adds risk to our investment here and even if they do another asset sale, proceeds go to the bank vs being able to spend on Mitchell. I don't know about you but there was nothing in that report they just put out that makes me want to buy a bunch more. The upside is there but I fear greed or ignorance will cause mgmt to miss the boat. Zad
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