Leucrotta Exploration Inc.

LXE-X

Analysis and Opinions about LXE-X

Signal
Opinion
Expert
PARTIAL SELL
PARTIAL SELL
March 3, 2020

They're in northeast BC where Tourmaline is consolidating land and assets, near LXE. So, LXE will become topical. LXE has reached an inflection point after acquiring a lot of land and pushed the Montney play to the northeast. Now, they need a lot of capital to move to full development. They're talking to potential buyers, like Tourmaline who have bought land from LXE before. A spin-out of lands further north may happen. Take some profits.

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They're in northeast BC where Tourmaline is consolidating land and assets, near LXE. So, LXE will become topical. LXE has reached an inflection point after acquiring a lot of land and pushed the Montney play to the northeast. Now, they need a lot of capital to move to full development. They're talking to potential buyers, like Tourmaline who have bought land from LXE before. A spin-out of lands further north may happen. Take some profits.

PAST TOP PICK
PAST TOP PICK
December 30, 2019
(A Top Pick Dec 20/18, Down 16%) It's been tough for the energy producers. It had a nice pop last year but it came back. He thinks it makes it to the other side as it has a strong balance sheet. We'll see what happens. The framework for regulatory in this sector is not getting any better.
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(A Top Pick Dec 20/18, Down 16%) It's been tough for the energy producers. It had a nice pop last year but it came back. He thinks it makes it to the other side as it has a strong balance sheet. We'll see what happens. The framework for regulatory in this sector is not getting any better.
PAST TOP PICK
PAST TOP PICK
May 31, 2019
(A Top Pick May 15/18, Down 55%) It has suffered like all junior energy holdings. He exited as they want to have a better sense about the Canadian regulatory environment. They have kept their balance sheet strong.
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(A Top Pick May 15/18, Down 55%) It has suffered like all junior energy holdings. He exited as they want to have a better sense about the Canadian regulatory environment. They have kept their balance sheet strong.
PAST TOP PICK
PAST TOP PICK
January 14, 2019
(A Top Pick Mar 26/18, Down 30%) Also a top pick, so he'll comment there.
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(A Top Pick Mar 26/18, Down 30%) Also a top pick, so he'll comment there.
TOP PICK
TOP PICK
January 14, 2019
They do all the right things. They manage conservatively and smart in putting together their packages; their Lower Montney package shows excellent production growth, especially if oil prices recover. They have an Upper Montney discovery as well. He sees value creation here. It'll go higher. (Analysts’ price target is $2.12)
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They do all the right things. They manage conservatively and smart in putting together their packages; their Lower Montney package shows excellent production growth, especially if oil prices recover. They have an Upper Montney discovery as well. He sees value creation here. It'll go higher. (Analysts’ price target is $2.12)
PAST TOP PICK
PAST TOP PICK
December 20, 2018
(A Top Pick May 15/18, Down 54%) He's still long this. It's a top pick tonight, so he'll discuss it then.
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(A Top Pick May 15/18, Down 54%) He's still long this. It's a top pick tonight, so he'll discuss it then.
TOP PICK
TOP PICK
December 20, 2018
Any Canadian junior has been crushed, so he's looking for a very oversold name in an oversold sector, yet a company with a good balance sheet with some growth likely. LXE fulfills that and has no debt. Pristine balance sheet with $20 million cash. No debt. Their cash flow is break even with current oil prices. It'll likely bounce sharply in January. Also, Canadian oil is really really cheap. Over 3-5 years, you could see a 5-10-bagger. (Analysts’ price target is $2.27)
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Any Canadian junior has been crushed, so he's looking for a very oversold name in an oversold sector, yet a company with a good balance sheet with some growth likely. LXE fulfills that and has no debt. Pristine balance sheet with $20 million cash. No debt. Their cash flow is break even with current oil prices. It'll likely bounce sharply in January. Also, Canadian oil is really really cheap. Over 3-5 years, you could see a 5-10-bagger. (Analysts’ price target is $2.27)
PAST TOP PICK
PAST TOP PICK
November 27, 2018
(A Top Pick Mar 26/18, Down 25%) All small-cap energy names have taken a huge hit. But if you're a patient and believe Canadian oil will come back, then LXE is a tremendous buy. LXE has a pristine balance sheet with $20 million cash and zero debt. This is a good junior energy to play.
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(A Top Pick Mar 26/18, Down 25%) All small-cap energy names have taken a huge hit. But if you're a patient and believe Canadian oil will come back, then LXE is a tremendous buy. LXE has a pristine balance sheet with $20 million cash and zero debt. This is a good junior energy to play.
PAST TOP PICK
PAST TOP PICK
August 28, 2018

(A Top Pick June 23, 2017. Up 3%). This is the biggest position in his small-cap fund. He likes it from the fundamental change perspective and as a possible takeover..

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(A Top Pick June 23, 2017. Up 3%). This is the biggest position in his small-cap fund. He likes it from the fundamental change perspective and as a possible takeover..

TOP PICK
TOP PICK
August 28, 2018

This is a junior producer in the Montney. They have 140 sections in northeast BC. Current production base is 3500 barrels per day and they just had a discovery in a different area, which can increase their production to 4000. The cost of each well is very low so there is fast payback, typically 18 months to pay for a well. He thinks the new discovery is drawing attention from bigger players, such as Tourmaline, that might buy the new play or the whole company. The CEO owns a big chunk of stock and has been in this type of situation, and sold his company, before. He thinks a takeout will be above $3 and that it should get close to $3 even if there is no takeout. (Analysts’ price target is $2.73)

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This is a junior producer in the Montney. They have 140 sections in northeast BC. Current production base is 3500 barrels per day and they just had a discovery in a different area, which can increase their production to 4000. The cost of each well is very low so there is fast payback, typically 18 months to pay for a well. He thinks the new discovery is drawing attention from bigger players, such as Tourmaline, that might buy the new play or the whole company. The CEO owns a big chunk of stock and has been in this type of situation, and sold his company, before. He thinks a takeout will be above $3 and that it should get close to $3 even if there is no takeout. (Analysts’ price target is $2.73)

DON'T BUY
DON'T BUY
August 13, 2018

Met with management within the last month. He likes the management team and likes the land spread. He likes the story but is waiting for a more appropriate time if the stock became a bargain. He has other names that are more interesting at this time.

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Met with management within the last month. He likes the management team and likes the land spread. He likes the story but is waiting for a more appropriate time if the stock became a bargain. He has other names that are more interesting at this time.

COMMENT
COMMENT
June 18, 2018

It is a great company. They are drilling wells across the existing. They have support from institutional investors. He is considering it. If they build up what they are talking about it could be $5 Billion. They could be acquired. He is about to do a big work up on the numbers.

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It is a great company. They are drilling wells across the existing. They have support from institutional investors. He is considering it. If they build up what they are talking about it could be $5 Billion. They could be acquired. He is about to do a big work up on the numbers.

PAST TOP PICK
PAST TOP PICK
May 15, 2018

(A Top Pick March 26, 2018. Up 18%). This is one of his biggest holdings. He thinks it is the number one takeover candidate in Western Canada.

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(A Top Pick March 26, 2018. Up 18%). This is one of his biggest holdings. He thinks it is the number one takeover candidate in Western Canada.

TOP PICK
TOP PICK
May 15, 2018

This is roughly half oil and half natural gas condensates. So there are 90% liquids in general which makes this a good target for acquisition. There is almost no debt. M&A globally has picked up tremendously but not in the energy space. He thinks that this will pick up, especially for small-cap companies like Leucrotta, The CEO is a large shareholder and would be well-rewarded by a good buyout. He has done it before. (Analysts’ price target is 2.52$)

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This is roughly half oil and half natural gas condensates. So there are 90% liquids in general which makes this a good target for acquisition. There is almost no debt. M&A globally has picked up tremendously but not in the energy space. He thinks that this will pick up, especially for small-cap companies like Leucrotta, The CEO is a large shareholder and would be well-rewarded by a good buyout. He has done it before. (Analysts’ price target is 2.52$)

TOP PICK
TOP PICK
March 26, 2018

He says they have assembled a good Monteney holding. The market is not including all the drill targets that he thinks exists. Also, he likes their water flood technology. He sees them as an excellent take-over target. Yield 0%. (Analysts’ price target is $2.54 )

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He says they have assembled a good Monteney holding. The market is not including all the drill targets that he thinks exists. Also, he likes their water flood technology. He sees them as an excellent take-over target. Yield 0%. (Analysts’ price target is $2.54 )

Showing 1 to 15 of 27 entries

Leucrotta Exploration Inc.(LXE-X) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 3

Stockchase rating for Leucrotta Exploration Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Leucrotta Exploration Inc.(LXE-X) Frequently Asked Questions

What is Leucrotta Exploration Inc. stock symbol?

Leucrotta Exploration Inc. is a Canadian stock, trading under the symbol LXE-X on the TSX Venture Exchange (LXE-CV). It is usually referred to as TSXV:LXE or LXE-X

Is Leucrotta Exploration Inc. a buy or a sell?

In the last year, 3 stock analysts published opinions about LXE-X. 2 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is PARTIAL SELL. Read the latest stock experts' ratings for Leucrotta Exploration Inc..

Is Leucrotta Exploration Inc. a good investment or a top pick?

Leucrotta Exploration Inc. was recommended as a Top Pick by Dennis da Silva on 2020-03-03. Read the latest stock experts ratings for Leucrotta Exploration Inc..

Why is Leucrotta Exploration Inc. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Leucrotta Exploration Inc. worth watching?

3 stock analysts on Stockchase covered Leucrotta Exploration Inc. In the last year. It is a trending stock that is worth watching.

What is Leucrotta Exploration Inc. stock price?

On 2020-04-03, Leucrotta Exploration Inc. (LXE-X) stock closed at a price of $0.34.