Rob Wilson
Long/short equity, long-term horizon

Lucas Energy Revisited

In a January article about Lucas Energy (NYSEMKT:LEI), I wrote about a company that faced many challenges. Those challenges can be summarized as figuring out a way to generate a profit from a company I believe has a valuable asset base. In an industry that has been booming with capital spending and has garnered much media attention, earning a profit remains a challenge. Improved technology with the use of hydraulic fracturing and 3-D seismic has tremendously increased the accessibility and therefore economic viability of oil and gas reserves in tight oil and shale formations. This transformation of the industry has happened over a relatively short period of time and because of that, companies have participated in land grabs...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details