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Lucas Energy
Old 12-02-2010, 07:30 AM   #1
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Join Date: Feb 2008
Location: Indialantic FL
Posts: 1,212
Lucas Energy

Lucas Energy symbol LEI is a small oil company with six employees. They have been successful in buying leases in old fields and partnering with others to do the actual drilling. Latest presentation is here :


Management has indicated they will be announcing another Joint Venture by year end. Stock is currently trading at less than half the book value.
"The four most dangerous words in investing are 'This time it's different.'" - Sir John Templeton
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