Wednesday, January 31, 2018 4:50:54 PM
Those looking to get in should exercise patience and wait until Friday. If the trend continues, LGBS should be back to .0002/.0003 where it belongs.
Today's vague news did not fool anyone and the closing price shows it. (It really closed .0006) The company has let everyone down over the last 7 months.
Many were expecting LGBS to be current with OTC and become transparent. Instead they release a generic PR claiming 4 wells in OK producing 20 bbl each. I would be interested to know the lease name and will gladly drive by to see if they are even running. Crude will be lucky to break $70 this year and should settle back in around $55 to $60.
These speculative sub penny oil plays never pan out. But it sounds good!!
My last post for today so YWIA.
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