re: News: Linc Energy provides significant lo...
Nice. At first I thought that must RA sitting to the right of him, out of picture-lol! IMO they are an emerging coy, there are many things they are doing well and many things they will do better in the future. What is important is continued Insto support for the SP enabling a higher MC (beneficial for all) and a MC possible of withstanding ignorance by majors.
It is hugely beneficial when dealing with majors to have a strongly rising MC plus the MOST important current factor of becoming cash positive by end of year. This, imo, as different to a year ago, puts things more in favour of LNC at the negotiating table.
Farm ins rather than takeovers become easier.
LNC, imo, will do its best to extract the most out of the uptrend, ie preso's and releases, 70 interested parties leaks-lol etc, and put itself in a position of future strength.This is the smartest thing to do to garner further insto support, imo. As one insto sells out another starts buying in etc etc.
The market will decide and the answers will lie somewhere in the monthly flucuations of activity of the SP. What a perfect storm that has brewed for LNC tripling production and a fairytale discovery just when the market is looking for some risk for the first time in two and a half years.
IMO they have a couple of rabbits in the hat to pull out if necessary.
LNC Price at posting:
$2.70 Sentiment: Buy Disclosure: Held
