LIO
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4.76% 2.2¢ lion energy limited

re: trade4profit Renton...Bula is a marginal producer...so a buy...

  1. trade4profit
    15,276 Posts.
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    08/10/04
    11:40
    Post #: 607412
    re: trade4profit Renton...

    Bula is a marginal producer...so a buy out at "multiples of book value" is very, very good for LIO.

    I will free LIO up for other things, with cash in the kitty...and Osiel about to move to 18,000 barrels day.

    Oseil will virtually replace the lost Bula production anyway.

    Cheers!
    LIO Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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