LMP 3.57% 13.5¢ l&m petroleum limited

good open this morning

  1. 13,252 Posts.
    Even though the gap has not really been filled I think LMP is still good value and will edge up into to the 20 cent area with the drill turn only a week or 2 away no ones selling down and investors are willing to pay 17 cents plus to get on board. Energy is like gold be it gas or oil but there are not many csg companies at this price on the ASX basically a market cap of 3 mil once you take cash out and I do think oilleak is right about the T/O with companies wanting to shore up decent supplies of energy Mitall of mitall steel just bought a big chunk of McCarthur c@g why as a lot not only me think energy will bring premiums for years to come. And if you have an energy intense business this is the way to offset rising cost levels.
 
watchlist Created with Sketch. Add LMP (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.