Lonestar Resources now trading on NASDAQ
Lonestar Resources now trading on NASDAQ
Lonestar Resources (LONE) started trading on the NASDAQ exchange July 5. It was up 12% this morning.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Lonestar Resources now trading on NASDAQ
Looking good!
Re: Lonestar Resources now trading on NASDAQ
It will take awhile, but I think a lot more fund managers will now take a hard look at LONE. My valuation is $11.80 for LONE and there is upside to that number.
Frank Bracken, Lonestar's CEO, is going to be the speaker at our Houston luncheon on July 26.
Frank Bracken, Lonestar's CEO, is going to be the speaker at our Houston luncheon on July 26.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Lonestar Resources now trading on NASDAQ
Lonestar's operating cash flow per share:
2015 Actual = $3.85
2016 Forecast = $2.30
2017 Forecast = $3.60
Lonestar's daily production:
2014 Actual = 4,480 Boe per day
2015 Actual = 6,401 Boe per day
2016 Forecast = 6,751 Boe per day
2017 Forecast = 8,700 Boe per day
2015 Actual = $3.85
2016 Forecast = $2.30
2017 Forecast = $3.60
Lonestar's daily production:
2014 Actual = 4,480 Boe per day
2015 Actual = 6,401 Boe per day
2016 Forecast = 6,751 Boe per day
2017 Forecast = 8,700 Boe per day
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Lonestar Resources now trading on NASDAQ
Now trading at $8.9 !!!!
Sweet.
Sweet.
Re: Lonestar Resources now trading on NASDAQ
I rate it a STRONG BUY up to $10.00. Lots of investors are looking at Lonestar for the first time. The real buying has not even started.
Companies like this should be trading at 6X to 10X operating cash flow per share.
Companies like this should be trading at 6X to 10X operating cash flow per share.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Lonestar Resources now trading on NASDAQ
but, no volume--one small trade could take it down to 6 again
Re: Lonestar Resources now trading on NASDAQ
That works both ways. I am surprised that there has not been more volume.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Lonestar Resources now trading on NASDAQ
My shares are going through a conversion process to the new NASDAQ listing. Should be complete in 24 hours. I am not cashing out or trading until the account is settled. Probably many others in the same boat.
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Re: Lonestar Resources now trading on NASDAQ
My shares in a Merrill Lynch account are still the original amount of LNREF (no response to the reverse split/new symbol). In another account with a different broker, the shares are LONE, but they have given me twice the number of old shares, instead of one-half the number of old shares (the intended 1 for 2 reverse split). I talked with Chase Booth at Lonestar and he said they are working on the problem.
At least now the trading is recognizing the reverse split.
Hopefully, things will be straightened out by the opening bell tomorrow.
At least now the trading is recognizing the reverse split.
Hopefully, things will be straightened out by the opening bell tomorrow.