Lycos Energy Inc V.LCX

I don't understand???

[Angles]

Hi everyone,
I don't understand why this stock has under performed so much when all they have reported is huge drilling successes on a lot more wells than originally planned, with more added drilling techniques (definitely the leader in this new type of horizontal drilling on heavy oil) and far greater land holdings, while still keeping their debt in line. Heck, they are even turning a decent profit already!!! Reserves and prime drilling locations have also advanced in a spectacular fashion. Does anyone have any ideas why the long fall or when it might start up ticking and stay a lot higher? I also see the analysts have some great targets on where LCX should eventually go (as high as $12.00+). I first bought almost two years ago at $4.50, then added again at $3.75, $3.25, $3.00 and now finally at $2.75. I hope this is the bottom and it can turn sharply up from here. I know one reason for a possible decline is Eric Nutall. He bought in big time, and then LCX management and he did not see eye to eye on how he wanted the company run, so he started selling off huge amounts of what he had, although he still owns a good chunk. Anyone else have some speculation about the fall in stock price or on the future of LYCOS ENERGY. Any information posted will be much appreciated. Good luck to all current and future LCX shareholders. I believe I will eventually see a big rise or even a possible take out bid finally come for Lycos Energy. 
Angles

 

[Seppelt]

Angles,  Are you following oil prices? Try, and you will understand. WTI plunged from about $80 2-3 months ago, breaking the low of its recent range of $72 to just over $65 a week ago. It is slowly recovering but still trading below $70. 

[Angles]

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