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logantrader1960 7 posts  |  Last Activity: Apr 16, 2014 11:10 AM Member since: Nov 8, 2009
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  • logantrader1960 by logantrader1960 Apr 16, 2014 11:10 AM Flag

    I was watching the live board and 250K came up to sale at $3.12. It went away in two minutes with a 150K, 50K and 100K blocks.

    This was a good test to see institutions are loading up.

    GLTA!

    Sentiment: Strong Buy

  • logantrader1960 by logantrader1960 Apr 15, 2014 10:17 AM Flag

    290,000,000 shares @ .018c (after expenses) offering on the .ax

    Comes out to approximately $.324 per share $USD so I was right on the money.

    Sentiment: Strong Sell

  • Reply to

    just an idea

    by skull20003 Apr 14, 2014 10:29 PM
    logantrader1960 logantrader1960 Apr 14, 2014 10:47 PM Flag

    Really?

    So what happened to the NSY their best potential to date and then sold off half the interest to Slawson. Got banged on the Bilibong and the rest is history. These guys are desperate so my only advise is to remember the recent fallen stocks such as LPR and GMXR and several others that didn't have the know how to operate in the oil patch.

    Sentiment: Strong Sell

  • Reply to

    up it goes.....

    by blu10duck Apr 13, 2014 9:41 PM
    logantrader1960 logantrader1960 Apr 14, 2014 5:01 PM Flag

    Well said Rogere.

    Cash is apparently scarce and so scarce they can't wait a few days for the sale of the production from these two wells. Pretty bad news for current shareholders.

  • logantrader1960 by logantrader1960 Mar 27, 2014 5:41 PM Flag

    Ha I remember that post mid July of last year when this went down to $25.18. What a bunch of cry babies selling a solid stock like LNCO and LINE. If you held and reloaded or sold and made a profit and then reloaded at these prices more power to you! It still pays 10+% so what more do you want??

    What a bunch of idiots listening to Cramer and the rest of these clowns with their negative commentaries. Once the turn around happens and it will, the yield has the potential to get back to 7.5-8% which means around $36-$38.00 per share.

    Congrats to those who bought more at these wonderful give away prices!!!!

    Sentiment: Strong Buy

  • logantrader1960 by logantrader1960 Mar 21, 2014 12:17 PM Flag

    You know I have to admit this is the strangest stock that I have ever come across and have been an owner in this just a few months ago. I did sell ago when it hit $5.37 knowing that the dividend was going to be cut and only a few pennies less than the buy out offer. It was a good decision, but I always kept the ticker on my screen.

    I have been watching it this past week and it is almost becoming a compelling buy once again. I mean what is the worst that can happen long term? I think it is a fair statement that the production is still trading at $23K per flowing barrel equivalent which is dirt cheap in my book.

    Another poster said several months ago why are they even selling this? I thought it was a good question for all the reasons he stated. I certainly believe now that the management has to be the worse in the oil patch.

    So what would one think if a person purchased 10K shares on this now at around $4.72? What is the long and short term thinking here other then the management team is a bunch of clowns?

  • logantrader1960 by logantrader1960 Mar 17, 2014 11:22 AM Flag

    Management is picking this stock up one share at a time. Just give this a few more months when the repurchase of the 1/4 total outstanding shares are in the managements hands. Will they buy more? Who knows, but the more they #$%$ up now the better the dividends will be in the future and you can take that to the bank!

    Sentiment: Buy

TOT
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