This is a value play. LLEX has recently reorganized itself, sold minor assets, has extremely valuable land assets and new oil drill pumps working. Company will address all of these new workings very soon I would think. In addition there are powerful rumors floating around that LLEX is about to be bought out. IF so I would expect the purchase price to be north of of the $5 asset value.
I am very glad war does not seem imminent with Iran, but oil prices are still going to rise. Tensions are still very high in the middle east. These catalysts will continue to push LLEX higher, and if and when the buyout occurs these current prices will be long gone.
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