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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (40820)	2/18/2011 3:06:57 PM
From: E_K_S	Read Replies (2) of 78483

Lucas Energy, Inc. (LEI) Upped my starter position in Lucas Energy, Inc. (LEI). On their Web Site they have their new February 2011 presentation. I noticed on page 13, NAV is now $5.98/share. For $1.95/share, you are buying the reserves for $0.33 on the dollar. No Debt and only 24 million shares out. lucasenergy.com Seems like a value opportunity to me but at the current price but Mr. Market sees the value differently (at least today). EKS

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