Lucero Energy Corp Com V.PSH

RE:RE:Enerplus presentation on the Bakken

[Bennys65]

I listened to a panel discussion n the state of MA today.The view is with wti at 100 it is hard to get deals done at present.Sellers want 100 and buyers want to pay for 70.Looking ahead they expect things to pick up in the second half as  sellers will come out to test the market.Enerplus in their presentation more or less confirmed this and added they dont need more inventory and the price would have to be very compelling for them to step up.That is good news for us.The big guys dont need to transact. They arent interested in small tuck ins and partial working interests.For us these represent meaningfull additions and can add a lot of value.HWX traded the same way as we waited for them to transact.Someone wanted a position and the stock went to 1.60.Buying dried up it went to 1.30.This lasted for over 7 months.Dont think it will take Brett that long to do somthing.I am sure he had his eye on numerous targets before he brought his team in Big base building at .80 which will act as a technical launching pad with news.Patience.