$LUXE: Happy Meal or Grilled DELUXE?
November 10th, 2009 at 5:58 am Posted by The Dean
Yesterday, $LUXE closed at $1.10, up 34% since The Dean’s Honors Class learned about this virgin oil and gas pick and The Dean believes $LUXE could continue stacking profits today.
$LUXE released news at close again yesterday but this time the news brought us details on the production of the company’s West Central Alberta C well. On average, $LUXE’s C well produces 42 barrels, or $3,200 worth of oil, a day.
Since this well has reportedly shown less than a 10% decline since $LUXE started drilling, The Dean believes this well alone could continue bringing $LUXE over $1,100,000 a year.
$LUXE’s release also tells us that well C is promising because its Barrels of Proved Oil Equivalent (BPOE) has increased by 75%.
$LUXE President Shane Broesky has mentioned in the past that the company would continue to seek out areas for exploration and production and it looks like the company’s well D is almost deep enough to be used for production.
Well D is located close-by to well C, which could mean that the soil is rich with oil. And $LUXE looks like they could start cashing in on this buried jackpot starting on December 15, 2009.
The Dean thinks that $LUXE is still very much on the grille and could leave student’s hands greasy with profits.
I’m trying to understand why SNVP will be making new highs soon, while LUXE may not (and needs all this promotion to get anywhere). Both are stocks essentially about a single guy sitting around buying abandoned Oil properties and developing them for profit as Oil prices go ever higher. The major difference is SNVP is going to use money borrowed for repayment of principle+interest and not with stock shares, while LUXE is using proceeds from any preferred stock it manages to sell into the float. SNVP’s guy in Texas is putting his money where his mouth is, while LUXE’s guy in up in Canada is simply printing more shares. I love this Oil redevelopment sector far more than any other kind of energy play – however one must consider how each company goes about it’s business before investing further…
3 for 1 pack http://finance.yahoo.com/news/Lux-Energy-Corp-Capital-prnews-1537321163.html?x=0&.v=3
are you in luxe or snvp?
it’s like bryn. pennystockchaser just sent out another email about gold. the prices of gold and oil don’t even matter when the companies don’t have any. these types of stocks are all about the promotion and based on your comments I can tell that you understand that.
I was in LUXE & SNVP for intraday gains – in cash now overnight, but could reenter either one if the volume comes in (which may be tough on a bank holiday). investorsoup is going to pick another oil development play Wednesday morning – if Dean’s lucky they could pick LUXE, but personally I’d prefer Beacon spot lit something untouched by promoters…