Replies to post #280 on Oil Stock Report

[stockwrestler2]

LGX Oil + Gas Inc. (OIL) --Update
Rated a BUY and UNDERVALUED by MorningStar analysts:

Follow the SH link to 2nd quarter results:

http://www.stockhouse.com/news/press-releases/2013/08/12/lgx-oil-gas-inc-announces-second-quarter-2013-results

www.lgxoil.com

[stockwrestler2]

Petrobank Energy and Resources Ltd. (PBG)
--from Stockhouse.com bullboard re: Petrobank Energy:

Mkt Cap $48 mill..

User avatar
drd8
4 stars
August 08, 2013 08:40 pm
Petrobank has submitted an environmental protection plan for a second THAI project at Luseland, just northwest of Kerrobert. It had $79-million in working capital and no debt as of March 31.

Value to shareholders could be huge!
User avatar
MartinDupuis.com
4 stars
August 06, 2013 01:50 pm 45 reads
Post Quality
0 stars
If they can figure out how to commercialize THAI! There are trillions of barrels of heavy oil around the world that could be extracted using THAI. At .55 cents a share, this is ridiculous!!

I see PBG trading today at 42-43c. ScotiaBank analyst has an 80c. target.
With the price of oil on the upswing, I should own this one.
Their market cap is much less than cash on hand.

[stockwrestler2]

Pinecrest Energy Inc. (TSX: V.PRY, Stock Forum) saw its shares rise 5.3% to 40 cents Thursday, leaving a market cap of $86.8 million, based on 217.2 million shares outstanding. The 52-week range is $2.16 and 37.5 cents.

On Wednesday, Pinecrest announced a reduction in the company’s capital program for 2013 to $80 million from $135 million.

The company’s exit production guidance was lowered from 6,000 barrels of oil equivalent per day to a range of 3,100-3,400.