Each share of phantom stock is the economic equivalent of one share of Lone Pine Resources Inc. common stock and will be settled solely in cash. This award vests in three equal annual installments, commencing on December 15, 2013.
David M. Anderson & Edward J. Bereznicki are two massive #$%$. These guys rode this company from $13.00 to $1.00 and then they jump ship. On Jan 15/2013 they awarded themselves phantom shares to the tune of 387,939 for Anderson and 246,341 for Berezdicki. For what nobody knows???? Anderson's shares in the company stand at 152,034 at an average cost to him of $0.71, and Berezdicki shares of 76,291 at an average cost of $0.71. Is the use of the company as a personal piggybank going to continue??? Never buy a company these guys are involved in the future, as they rob people for their personal gain. I personally think they should clean house where there is one rat, there are others. I am outraged!!!!!!
The quiet period for the Nafta Lawsuit ends Feb 08-2013. Look for the dipshits out of Québécois to downplay the situation. But regardless something will be said. Just a heads up!
Go to Apache Corporation's website and look at the info on Liard Basin. Seems quite promising. Its on the left side of the homepage. Yahoo won't let me post the link. Ticker symbol APA.
$885 / net acre. (Enterprise Value/Net Acres)
With a low # of shares outstanding every dollar LPR stock ticks up, the value per acre only moves up a small amount. If you look at their total net acreage it is quite amazing when you list it:
157,779 Deep Basin,
12,853 Wild River,
240,320 Utica Quebec,
52,995 Liard Basin NWT.
Not to mention Evi produced 3,605Bbls per day in the fourth quarter of 2011. I believe they have spent significant amount of capex in 2012. Eventhough some of the capex was probably spent fixing #$%$Ups, they will hopefully be more efiicient in the future. The Evi Light Oil field has an inventory for 10 years, and the company has over 800 future natural gas drilling sites.
Buyout (Encana-EOG-Apache-Shell or anyone involve with the new Kitimat LNG facility),
Location (LNG distribution from the West Coast),
Quebec(New Fracking Laws 2013),
Continued Insider Buying,
Any sign of a plan to reduce debt.
Problems with debt,
Oil Price collapse,
Nat Gas Price Collapse Worldwide,
*In no order*
Just listing the facts.
Okay so the company has a little leverage, but then again so do we.
Sentiment: Strong Buy
Great risk/reward for the weekend. Monday could be a 7.50 Bid. But then again Martha has not been known for telling the truth.
No I have not followed BQI. I will check it out.
I also follow GMXR. They just came out with an offering at $4.75 not too long ago. Did you see PEA.V today up nicely on news.
I believe GMR.V, QEC.TO, and JNX.V are all quick doubles. There is a major EIA report about Fracking Techniques due out sometime this month. Once this report is in the rear view mirror, we should be able to move higher. These stocks are trading at such depressed levels already. Each company holds great acreage and each company has a decent cash position. Adding on any weakness, especially GMR.V. Who knows which one will move higher, only the market knows. But these valuations will not last forever. Good Luck.
I bought GMR.V, ATI.V, and JNX.V. My Utica Shale Basket. JNX.V has a 7.9% stake in PEA.V, and a 1.0% stake in GMR.V. Way too cheap!
Not a big price tag, for some. With minimal shares outstanding, if someone puts a bid under the stock, it will fly. Great space to be in next little while. Picked up some now, and want more. Their site is decent, could be improved. Still has great potential.