Lycos Energy Inc V.LCX

Alternate Symbol(s): LCXEF

Energy Oil & Gas E&P

Lycos Energy Inc. is an oil-focused, exploration, development and production company based in Calgary, Alberta. The Company is engaged in the exploration for and development of petroleum and natural gas production in western Canada. The Company is engaged in operating heavy-oil, development assets in the Lloydminster, Greater Lloydminster area and Gull Lake, Saskatchewan. The Company also owns approximately 12,335 net acres of Wyatt land, including over 20 net drilling locations, which has a production of about 400 barrels of oil equivalent per day (boe/d). Its acquisition focus is primarily in the Lloydminster area. In addition, the Company retains low-decline, long-life producing assets in the Gull Lake / Swift Current area in Southwest Saskatchewan.

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Lycos Energy Inc > I don't understand???

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Comment by Angleson Sep 17, 2024 4:40pm

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Post# 36227852

RE:RE:I don't understand???

Hey Seppelt,

Thanks for reading my BLOG and trying to answer my question. I appreciate your response. And yes, I do follow oil and natural gas pricing very closely. However, if you look at LYCOS ENERGY's adjusted funds flow per Boe, they remain very profitable (IMO) even in the price range of oil you quote;

WTI - $80.00 - LCX ADFF/Boe = $43.50+ Calculated using net H. Oil Premium/Discount received
WTI - $75.00 - LCX ADFF/Boe = $37.50+ Calculated using net H. Oil Premium/Discount received
WTI - $70.00 - LCX ADFF/Boe = $32.00+ Calculated using net H. Oil Premium/Discount received
WTI - $65.00 - LCX ADFF/Boe = $26.00+ Calculated using net H. Oil Premium/Discount received

I think this is one of the points I was trying to make as to why I feel LCX shares are so undervalued, even taking into consideration a floating adjustable oil revenue base. Plus, given all the other points I brought up is why it blows me away as to such a low LCX share price that has been declining steadily over the last 20 months. I feel it should have increased in value over this time period and be much higher than where it is today, given the fantastic success they have had, even with the oil price fluctuation. Again, only my own opinion based upon all my research and estimates, however, I feel strongly I am mostly right and why I was a buyer of more shares again today. All my best to you. Let’s watch and see how correct I may be.

Angles