TSXV:LVL - Post Discussion
Post by
zadman on May 08, 2013 11:21pm
Came across this on google tonight
https://stateimpact.npr.org/texas/2013/04/11/shale-for-sale-looking-beyond-the-buzz-in-the-cline/
About half way, states chk sold the majority of their cline land and have no intention on developing what they still control. This would include the 1/3 piece of mitchell ranch we jv'ed to them. Think this could be the cause of our share price drop? I still think their production alone (which is increasing quarterly) is worth more than our mkt cap so its not like their is froth in this name. It would make me temper my upside target though if there was some truth to the skepticism. Im not saying i believe it, i would far sooner let a capex budget of oil majors do the talking vs some geo but i found it so thought i would share.
I think rules are quarterly reports must be out no later than 45 days past quarter end. Means we get some kind of update between now and may 15th.
Zad
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