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.

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LGX Oil + Gas Inc

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Comment by Kel2on Jul 24, 2004 4:31pm

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Post# 7742486

RE: Ahead of myself...

Surprised no one has mentioned the trading yesterday - specifically the UBS purchases. They bought over 1.4 million shares. Some institution believes that OIL is eventually going to go much higher. When one looks at the line up of buyers and sellers you can see very large buy orders showing one buyer while on the sell side you may see 100,000 shares offered by 30 different sellers. Ma and pa Kettle are leaving the game and the stock is going into the hands of very large individual players and/or institutions. If it keeps up, the characteristics of how this stock trades are going to change as the retail shareholder diminishes in number.

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Options trading in a volatile macro environment