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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (41474)3/2/2011 4:14:24 PM
From: E_K_S  Read Replies (1) of 78473
 
Hi Paul

Re: Lucas Energy, Inc. Common Stock(AMEX: LEI )

Peeled off 20% of my LEI shares today after this report.

Lucas Energy, Inc. Announces Completion of Hilcorp Operated Hagen EF No.2H Eagle Ford Horizontal Well
finance.yahoo.com
"Lucas Energy now has two producing Eagle Ford horizontal wells in Gonzales County, Texas," commented William A. Sawyer, President and CEO of Lucas Energy, who continued, "Our expectations for continued improvement in our production revenues and bottom line are optimistic."

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Stock jumped almost 80% on 65X the average daily volume! Never held a stock with such a one day move. Stock should move higher based on their earlier reserve report but I have my eye on some other companies w/ Eagle Ford acreage that may be better long term holds.

Thanks for the original lead. It's pretty encouraging to see so many buyers at the window that are willing to buy at much higher prices even though the intrinsic value has not really changed in the last three months. Part of today's run could be the small float. Oil at $102.38/barrel helps too (up 15% in last 14 days).

EKS
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