Stockchase Insights Lycos Energy LCX-X BUY Aug 26, 2024

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

Bloomberg was not showing any quarterly estimates here. Revenue more than doubled to $35.6M. Per share cash flow nearly doubled, to 33c from 17c. Capex rose 79% to $21.2M. Production rose 60% and things are proceeding very well on the operational front. An active drilling program is planned for the second half of the year. The balance sheet is strong and solid growth is expected over the next two years. Things look fine here to us.
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PARTIAL BUY

New position for the fund.
Owns ~6% of company.
New "Fish Bone" drilling technique could be very profitable.
No dividends or buybacks, but exploration style company.
Could be very high returns.

DON'T BUY

A small cap with no buyers. He owns 10% of the company. The stock has been creamed, even though they did everything they promised. They could sell the company and he strongly wants that. The team has done nothing wrong, but small-cap energy in Canada is dead.

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Stockchase Insights Lycos Energy LCX-X BUY Aug 26, 2024

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Lycos Energy(LCX-X)

Lycos Energy(LCX-X)

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