Lonestar Resources (LNREF)
Posted: Tue Jun 28, 2016 12:21 pm
Lonestar should be trading on NASDAQ under the symbol LONE on July 5.
Current trading volume on LNREF is very low. That will change on July 5. Many fund managers will take a hard look at this small-cap and they will like what they see. Lonestar's common stock trades today at just over 2X cash flow per share from operations. Its peers are trading at 4X to 8X CFPS.
Many funds cannot own stocks that trade only on the pink sheets and many more cannot own stocks that trade under $5.00.
My valuation of LNREF is $11.80/share. Improving oil & gas prices should take my valuation over $15.00/share.
Lonestar Resources will be hosting our Houston luncheon at The Hess Club on July 26.
Current trading volume on LNREF is very low. That will change on July 5. Many fund managers will take a hard look at this small-cap and they will like what they see. Lonestar's common stock trades today at just over 2X cash flow per share from operations. Its peers are trading at 4X to 8X CFPS.
Many funds cannot own stocks that trade only on the pink sheets and many more cannot own stocks that trade under $5.00.
My valuation of LNREF is $11.80/share. Improving oil & gas prices should take my valuation over $15.00/share.
Lonestar Resources will be hosting our Houston luncheon at The Hess Club on July 26.