Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
LPRIQ: Plan of Bankruptcy effective. All shares cancelled. Deletion time: 14:48:43
http://www.otcbb.com/asp/dailylist_detail.asp?d=01/31/2014&mkt_ctg=NON-OTCBB
Don't know the whole story here, but LPRIQ trading narrowly after huge run up
Shares canned???
You guys crack me up. You speak as if you know what's going on. Let me guess, none of you have taken part in any of the class actions going on neither.
Oh, ok well its doing it now,
but some made some $$$$$$$$
lol
MK
Reiterating. Want to watch the fall.
Thank you, for clarifying this
Which part of my previous message didn t
you read ?
MK
Shares will be canceled.
The restructuring provides for the cancellation of all outstanding shares of Lone Pine common stock
from 9/25 PR
MK
looking good, .50 soon.
Any shareholder who is not represented by Denton law group should get represented.
As per Lone Pine current plan all common shareholders equity will be cancelled. Shareholders has 158 million of equity as per 3rd quarter of 10Q filling.
This is the time to join Dentons and get something or more. Dentons law group has office in Toronto!
Bankruptcy is happening in Canada and there is no current class law suit action to get any money for shareholder.
we have to get represented and present our case in court for plan hearing to get something or more from our investment.
Im not seeing anything on Level 2 for $LPR is something going on with them all the sudden the past week or some lots of Volume and now not seeing a BID/ASK its all blank. They said they were restructuring and would be done by year end...We need to wake some people up on this board and start trying to gather some DD!
No... But watching closely now
Can anyone explain the 8million in VOLUME today?
LOT'S of VOLUME today!
"Trading of Lone Pine's common stock on the Toronto Stock Exchange has been halted, and the Company anticipates that the trading halt will remain in effect pending delisting of the common stock. The Company expects to complete the restructuring before December 31, 2013."
So with this being said what will happen once the restructuring is complete? Any ideas or knowledge to give? Wondering if I should get back in on a hunch this could turn around and be profitable....
sorry guys, you are correct. i totally misread that post . feeling really stupid about this.
Yeah I have to agree with jbolan
He was referring too a Hedge fund.
http://www.gurufocus.com/news/226961/lone-pine-capital-update
Bro, you better go back and re-read his post. He said that Lone Pine Capital (a Hedge Fund) had purchased 5.3 million shares in BIDU. It was on Baidu forum.
page 15 of his posts.
read all of cybercash28 posts
Im unable to locate that post can you provide me a link checked all the post from Nov14.
Thats interesting ill go have a look. LPR still owns a bunch of quality land in Canada, also I used to own this stock in the 0.50 range so who knows Id like to hear more about whats going on I bought some about a week ago so ill be watching!
there is a guy that i follow on the sina board on yahoo board that is a very good investor , on the 14 of nov he posted that he had bought over 5 million shares of lpriq, got my attention and i have been buying since then.
Not sure if it means anything but there is now a message board on yahoo finance for $LPRIQ.
Thx for the heads up. Still monitoring, and it looks primed to make a run. Bottom breakout setup
8K out regarding restructuring for Lone Pine Resources Inc.
http://biz.yahoo.com/e/131115/lpriq8-k.html
On November 12, 2013, Lone Pine Resources Inc. ("Lone Pine" or the "Company") issued a press release, attached hereto as Exhibit 99.1, announcing that it had entered into a commitment letter with a syndicate of lenders to provide for a new senior secured credit facility to be effective upon completion of the Company's proposed restructuring under the Companies' Creditors Arrangement Act, and providing an update regarding its restructuring and related court proceedings.
$LPRIQ
I don't think your correct been watching this for days now on L2 and time and sales, someone just keeps hitting the ask buying up everything. I would like to hear something soon from the company as to whats going on.
Yeah the word is sell before it goes sub penny...crap crap crap...jmo...good luck, michael
Need to break 0.03 Resistance wall.
Short covering, speculation on upgrade from greys, speculation on bottom bounce
Any chance the company issues new shares to existing shs holders?
Nice Still holding here around a penny!!
It's bankrupt. Are you playing the short squeeze?
I hope I bought in at a penny not much to move it I hope it really runs hard
Yeah, those trips looks great now. Prolly more covering and speculation coming
Keeps going up and up!!
Followers
|
11
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
301
|
Created
|
11/05/11
|
Type
|
Free
|
Moderators |
We are an independent oil and gas exploration, development, and production company with operations in Canada. Our reserves, producing properties and exploration prospects are located in the provinces of Alberta, British Columbia, and Quebec and the Northwest Territories. We were incorporated under the laws of the State of Delaware on September 30, 2010 and, until the completion of our initial public offering on June 1, 2011, we were a wholly owned subsidiary of Forest Oil Corporation. On September 30, 2011, Forest distributed to its stockholders all of the shares of common stock of Lone Pine it owned and, as a result, we became a stand-alone public company. As of December 31, 2012, we had approximately 188 Bcfe of estimated proved reserves, of which approximately 59% were oil and natural gas liquids and approximately 63% were classified as proved developed reserves. As of December 31, 2012, we had approximately 1.2 million gross (0.9 million net) acres of land (approximately 83% of which is undeveloped) and 147 gross (134 net) proved undeveloped drilling locations. Our common stock is listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol “LPR”.
We have a well-balanced portfolio of oil and gas properties, consisting of attractively priced light oil and low-risk natural gas resource plays, as well as significant undeveloped potential associated with two shale gas plays. Our primary area of focus is in the Western Canadian Sedimentary Basin, which includes our Evi area in the Peace River Arch and our Narraway/Ojay fields in the Deep Basin. In addition, we own significant acreage in the Utica Shale in Quebec and the Liard Basin in the Northwest Territories, which are shale gas prospects that we believe have significant future development potential.
As of December 31, 2012, we had approximately 82,015 net acres in and near the Evi field, located in the Peace River Arch area of northern Alberta. This position offers us a significant development opportunity for light oil. Through December 31, 2012, we have drilled a total of 103 horizontal wells in the Evi area since we entered the area in 2006. In 2012, we drilled 32 gross (28 net) horizontal wells in the Evi area. During 2012, we had average daily net sales volumes of 3,161 Bbls per day from production in the Evi area. We believe we can ultimately enhance production rates and recoveries in the Evi area through further development drilling, including further downspacing of our acreage, completion optimization and secondary recovery techniques, such as waterflooding. We intend to continue to expand our facilities in the Evi area to accommodate the growing crude oil volumes and continue to invest in our operated waterflood pilot project that we initiated in 2011.
As of December 31, 2012, we had approximately 120,329 net acres in the Narraway/Ojay fields, located in Alberta and British Columbia. We did not drill any new wells in the Narraway/Ojay area in 2012. From the fourth quarter of 2012, we have increased our net sales volumes from the Narraway/Ojay fields from 5 mmcf/d to 34 mmcf/d, with a peak rate of approximately 50 mmcf/d achieved in September 2009. Geologically, these fields have a minimum of ten different stacked producing intervals, and we are able to produce from multiple intervals within an individual wellbore. We currently have no significant near term expiries or drilling obligations in the Narraway/Ojay area, which has allowed us to be flexible with capital allocation and defer significant natural gas investment until natural gas prices improve.
As of December 31, 2012, we had approximately 240,320 net acres in Quebec that are prospective for the Utica Shale. Natural gas produced from this area is in close proximity to major markets in Canada and the northeastern United States, which historically has provided for premium product pricing compared to the NYMEX Henry Hub pricing. The Utica Shale is relatively shallow compared to other shale plays in North America, which we believe will provide for an economic advantage relative to the drilling costs associated with developing the resource.
As of December 31, 2011, we had approximately 52,995 net acres in the Liard Basin located in the Northwest Territories that are prospective for the Muskwa Shale. This is a newly developing natural gas shale play adjacent to the producing Horn River Basin. We believe that our acreage in the Liard Basin is analogous to the Muskwa Shale in the Horn River Basin. Our acreage is located in close proximity to a pipeline in the Northwest Territories providing for the sale and distribution of any natural gas produced. In the third and fourth quarters of 2011, we re-entered and recompleted a well in the Liard Basin, and in February 2012, we submitted an application to the National Energy Board for a commercial discovery declaration that we believe could potentially lead to the continuation of our lease in the area for up to an additional 21 years.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |