I'm not sure how others will look at this, but in my opinion, this is very positive
news. The CO needs to stick with what they know instead of a pie in the sky.
Steve,
I think you're probably more right than you know! One of my broker's friends attended the shareholders meeting last year, and of the four operations laid on the table then, he felt LPS was the "iffiest" by far.
I'm glad to be rid of it, frankly. The disposal well and AdHatters are still where it's at here. The gas wells could conceivably pay off, but if they don't, no great harm done. Remember, they only run about $50-60,000 to drill. Doesn't take a major find to be profitable at those rates.
I don't expect outsiders to know much about LPS, so I wouldn't expect any bounce on this news at all. We may get a small bounce or even a good bounce off the upcoming disposal well news, depending on the exact nature of the news, of course.
All in all, I think it's an extremely positive development.
Bootz |
