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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (9693)12/23/2014 7:46:28 AM
From: Goose94Read Replies (2) of 203866
 
Leucrotta Exploration (LXE-V) top pick from James Hodgins on BNN.ca Market Call tonite Monday Dec 22 @ 1800ET

Leucrotta Exploration recently bought 10 Montney block in BC land sale, contiguous to existing land. ARC Resources (ARX.TO) is aggressively bidding on nearby blocks indicating the value of these assets. Leucrotta had a rushed well fail while drilling, but we see this as a short term hiccup. We note that they bought the nearby blocks after this drilling failure, saw enough data to buy it. We believe the company is very well positioned as it has no debt, lots of cash as well as other capital sources and a highly prolific BC Montney package.
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