Post by
richkat on Jan 15, 2011 10:55am
LFD Projections
I am new to the board but I have been following LFD for a long time and I have a large number of shares. I debated VST versus LFD but I thought that LFD has the bigger upside. I am curious to hear the board's predictions on where this stock is headed. I see some big moves on this stock shortly. I remember a stock called Centurion which started as a penny stock and was bought out at 12 dollars. I am not saying the same thing will happen to LFD but some junior oil stocks if they hit a gusher really move upwards.
Comment by
good40 on Jan 15, 2011 12:46pm
Are you aware that LFD only has a 40% working interest plus the liability of a 40% royalty ? Add to that, corporate tax,operating and G&A expense, you can easily see that the current price reflects a huge discovery already.They are currently in a negative working capital position and need to finance, which is obviously the reason forthe latest run up.
Comment by
richkat on Jan 15, 2011 1:01pm
How huge a discovery are we talking? I am also looking at people's idea of where LFD's share price is heading. Also I would like a response as to which is the better stock to hold LFD or VST?Thanks to the board for their input.
Comment by
Baxter4 on Jan 15, 2011 1:17pm
How huge a discovery are we talking?About 1/10th the size good40 will try to make you believe. Since you are new here you may not realize yet that good40 is a professional basher and will say whatever it takes to instill doubt in investors minds. Try to find a positive post in his history, or do what 460 before have done and put him on ignore.