Saturday, March 8, 2014

Schaefer buys 50,000 shares of Lynden Energy and releases update

Keith Schaefer of the Oil and Gas Investments Bulletin recently purchased 50,000 shares of Lynden Energy and released an update.  He indicates that it's possible that Lynden could IPO their Mitchell Ranch acreage or option it to another group once/if Chesapeake loses their option.  He says that in a perfect world, they "sell the entire company and spin out Mitchell Ranch".  He appears to be very bullish on Lynden's potential.

No comments:

Post a Comment