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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (40816)	12/27/2010 2:40:34 PM
From: E_K_S	Read Replies (1) of 78486

Hi Paul - How do you feel about their $6 million stock offering (2.5 million shares) @ $2.38/share? That's almost 19% dilution. I passed earlier this month on shares but it might be worth a shot at $2.00/share or less on any sell off. Re: Lucas Energy, Inc. (LEI) Lucas Energy Enters Into $6 Million Stock Offering finance.yahoo.com From the article:"...- Lucas Energy, Inc. (NYSE Amex:LEI), an independent oil and gas company, has executed agreements to raise almost $6 million from the sale of approximately 2.5 million units in a registered direct offering at a price of $2.38 per unit, based on the December 23, 2010 closing price. Investors included a select group of institutions and Hall Phoenix Inwood Ltd., an affiliate of Hall Phoenix Energy, LLC. Hall Phoenix Energy is a joint venture partner with Lucas in the Eagle Ford trend in South Texas...." ================================================================= Any opinion on the MHR purchase today? The market seems to like it as the stock is near all time highs (up 6% today). EKS

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