Bullboard - Stock Discussion Forum Lucero Energy Corp PSHIF

Primary Symbol: V.LOU

Energy Oil & Gas E&P

Lucero Energy Corp. is a Canada-based independent oil company. The Company is primarily focused on the acquisition, development, and production of oil-weighted assets in the Bakken and Three Forks formations in the Williston Basin area of North Dakota. Bakken is a petroleum system with source rock featuring multiple stacked zones accessible for development, which includes Middle Bakken, Three... see more

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TSXV:LOU - Post Discussion

Lucero Energy Corp > LOTS OF CASH

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Post by Moremoney4u on Jul 06, 2022 7:12am

LOTS OF CASH

LOU, has raised a LOT of cash, investor confidence is HIGH, along with ERIC"s. What is the direction they will go, DRILL, DRILL, on existing lands, OR buy up existing production, either way, BOTH will be immediately accretive. MGMT. has done this before and are very well experienced in this area. Volume has not been high, YET, i expect this to increase once we get the direction this company is headed towards. Even without any additional activity , the everyday production numbers and earnings,FCF, ETC are significant. The target price has been raised to 1.36 $$$ plus, still time to BACK UP THE TRUCK.

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