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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (29215)6/23/2017 8:31:43 PM
From: Goose94Read Replies (1) | Respond to of 203017
 
Leucrotta Exploration (LXE-V) top pick from James Hodgins on BNN.ca Market Call Friday June 23th @ 1300ET

We like Leucrotta here as it recently raised money at $2.20/share and the stock is now $1.80/share. The company has no debt and has 900 prime low-cost Montney drilling locations with significant infrastructure in place, enabling superior well economics. Management, including CEO Rob Zakresky, has been extremely shareholder-friendly and Rob owns significant equity in the company. We believe Leucrotta will be taken out, possibly by Arc or Tourmaline, both of whom have adjacent wells to the company, which would result in a lot of potential synergies. It is possible that Leucrotta gets taken out for up to double the current price over the next 18 months.