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Lexaria Corp (LXRP)
Evening guys & gals,
Today's alert didn't quite have the momentum to give us gains today, mainly because of a large gap up that was sold into.
It did bounce off the $0.0016-0.0017 level I said looked like a good entry opportunity, and went on to hit $0.0021.
This is a multi-day play, and I am still confident about it, so please be patient and let it play out.
With many double/triple digit winners in 2014 already (and only one loser), I hope I have gained your trust and confidence.
Now, I have something new and exciting for you tomorrow...
That company is... Lexaria Corp (LXRP)
LXRP came to my attention today, courtesy of a good friend of mine. I have a feeling this one will definitely be in play and gains will be made.
There are two things I especially like about LXRP:
1/ LXRP has a "virgin" chart... It has not had any news recently, and no major spikes that can often create unhappy shareholders that are waiting for any chance to sell into new buying.
LXRP is a very "clean" ticker that with the right catalyst should trade very well.
It's not often we see micro cap companies with this low a market cap, and for this reason, LXRP could resonate well with the investing community.
And at $0.0567, LXRP is trading at less than half of its 52 week high of $0.12
Here's some information about LXRP to wet your appetite, and we are expecting a major update to be announced tomorrow before the bell.
LXRP explores for and develops oil assets in low-risk areas of
North America.
LXRP is currently focused on oil production and
development in Mississippi, producing oil from wells at the Belmont Lake
oil field. Commercial production is 100% oil.
The Company has
strategically increased working interests when it was prudent to do so,
managing risk at all times. Lexaria currently holds 13-50% working
interest in five oil wells at Belmont Lake.
LXRP enjoys superior economics from its exploration and production. Drilling costs for its successful shallow hole Frio wells are inexpensive
and completion times are quick. Reliable and extensive infrastructure
exists, including pipeline gathering systems.
The Company received an average price of
approx $108.71 per barrel of oil sold during 2012. This price is higher
than many North American oil producers due to Lexaria's advantageous
position that allows it to capture an oil price that is closer to global
Brent, than it is to West Texas Intermediate pricing.
LXRP
enjoyed oil netbacks of as much as $63.22 (3rd quarter) per barrel -
and a weighted average of $56.36 during the entire year - higher than
many companies of comparable size amongst its peer group
So, as you can see, LXRP are doing a lot of things right. And this trend looks like it is set to continue.
I am going to keep you updated on LXRP tomorrow morning, so make sure you are up early and ready to go.
ShiznitStocks.com
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