Longview Oil (LGVWF.OB), a TSX listed Canadian oil and gas producer, offers an exceptional opportunity to invest in a dividend paying E&P with a sustainable double digits yield while offering the potential of a 50% to 100% return over the next 12 to 24 months.
Longview is a company with a very attractive and extensive asset base that is spread all the way from south east Saskatchewan to western Alberta. The assets are currently producing 6300 barrels per day (71% oil, 8% NGLs and 21% Natural gas) and have a relatively slow decline rate of 19%.
The company's total proven and probable reserves stand at approximately 38m barrels with a 2P RLI of 16.6 years. The company is trading at
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