LGX Oil + Gas Inc ROAOF

Down OIL day on a down oil day vs SPR

[KeithR39]

Crude oil felt from $70 to $63 since Bush and the IEA released some of their spr (strategic petroleum reserves) to counter a huge and sudden crisis that would have lead to a serious worldwide panic otherwise. But these reserves are borrowed by the oil companies and have to be returned to the lender later. SO The oil and especially gasoline market was already tight. The real aftermath of Katrina is that LESS producing power will be available in the coming YEARS. The governments cannot stay short of strategic reserves as they were created for the nation's security and it does count on the military equilibrium of forces. At some point and soon, the borrowed reserves will have to get back in place in a lowered market supply power. MEANING The governements delayed the problem to gain more time. But it is inevitable, crude oil and gasoline prices will start to climb again and soon for higher levels. And so will do your Oilexco shares. The stock is just more volatile than the crude oil. https://ca.finance.yahoo.com/q?m=c&s=xeg&d=2b https://ca.finance.yahoo.com/q?m=c&s=oil.to&d=2b And as usual, the day traders/bashers take advantage of these weaker moments to shake up the tree and get the weak apples. Cool down and look at the strong fundamental, it's gonna move up again with crude oil. KeithR