LNC 0.00% 99.5¢ linc energy ltd

Seeking Alpha article...., page-2

  1. 14,154 Posts.
    lightbulb Created with Sketch. 705
    That is one of the more poorly researched and proof read articles I have seen. What is their track record like?

    My faves

    liberal use of the term "per barrel" when referring to share price of LNCGY. Apparently you can buy barrels of shares now under $2 USD.

    "The company represents a solid investment at current prices" Never mind the TI6 balance sheet, Debt dues, the price of oil and global financial turmoil - its solid investment . Convertible bonds dilution impact if share price stays this low?

    Arckaringa region apparently has significant existing infrastructure. Maybe the author lives on the East Antarctic ice sheet and is comparing. A couple of regional FIFO mine sites and a rail line hundreds of km away with area population density <1 per sq km and no tarmac roads counts as significant infrastructure these days?

    Given the existing infrastructure in say the US shale fields and the current drought of exploration and investment there to service the worlds largest consumer of oil and petroleum products what makes the greenfields Arckaringa attractive in the short to medium term? What makes the Author believe Linc has the cash balance to survive long term (3+ years) waiting for the oil price to justify exploring a remote unproven tight oil play?

    Whoever ends up controlling the assets may one day make some money but IMO being a shareholder today or buying tomorrow is not looking like a very solid investment.
 
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