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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 Kel2on Apr 04, 2005 4:06pm
351 Views
Post# 8858351

RE: What would Warren Buffet do.......

RE: What would Warren Buffet do.......Incorrect. OIL is uneconomic based on a RR which is fundamentally flawed due to 51-101 regulations. It is not uneconomic based on the reality of the N. Sea and historical recovery rates. When you see the Royal Bank of Scotland come to terms with the company so that infrastructure can begin what do you think the stock might do? At the very least stabilize some what higher. Why would CC put out a release this morning if the situation was uneconomical? Why would the market continue to trade above $2.00 if uneconomical? Weak shareholders, frustrated shareholders, some margin calls and stops are part of today's selling. Who is buying it all???? Far from over. Just disappointing.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities