David M. Fitzpatrick has my vote for CEO! David has an impressive
background; I am considering adding more LPR, albeit I am overweighted in WLL at the momet:
Mr. Fitzpatrick, age 54, has been a member of the Board since completion of the Company''s initial public offering in June 2011. Mr. Fitzpatrick is an independent businessman and from 1996 to 2007, he served as President, Chief Executive Officer and Director of Shiningbank Energy Ltd. (acquired by PrimeWest Energy Trust), an oil and gas company. From June 2008 to September 2008, Mr. Fitzpatrick was a principal at Richardson Capital Ltd., the private equity division of Richardson Financial Group. Mr. Fitzpatrick serves as a director of Twin Butte Energy Ltd. (since July 2008), Pinecrest Energy Inc. (since May 2010) and Eagle Energy Trust (since November 2010). Prior directorships include Strike Petroleum Ltd., PrimeWest Energy Trust, Enerchem International Inc. and Compton Petroleum Corporation. Mr. Fitzpatrick is a member of the Society of Petroleum Engineers, the Association of Professional Engineers, Geologists and Geophysicists of Alberta and has a Chartered Director designation.
I also like Fitzpatrick as CEO. Do you think he will sell the natural gas properties? Because they are not being developed, they are worth more to other firms with deeper pockets. With a lot of M&A activity in the area, LPR should get competitive rather than fire sale prices. Overall, this should be a low risk option to increase shareholder value to at least $3 or $4 a share by year end.