Laredo Oil Inc (LRDC)

[marknet]

Congrats on your profit with AL*PP. I missed out on a whole lot of opportunities in 2020 unfortunately but chance to make hundreds of thousands here with 40k shares IMO. I agree with what you say and I think oil will do very well over the next few years. I pasted a link below showing positive effects we might see on oil soon. I don't understand why price here has stayed in pennies for so long. Shouldn't stay that way. From looking at Alleghany's first quarter report from May 5, 2020 it shows the carrying value of SORC was $61 million as of March 31, 2020. And at that point oil prices was really depressed. Alleghany has 14.3 million OS and is currently trading around $630 a share. LRDC has less than 56 million OS and when you take into account their earnings plus SORC's value along with SORC's subsidiaries seems to me we should soon be trading in single dollars per share at least. What am I missing here?

https://realmoney.thestreet.com/investing/stocks/jim-cramer-biden-is-the-counterintuitive-savior-of-the-oil-industry-15498302