Black Gold
Long/short equity, oil & gas

Lucas Energy Is A Self-Admitted Operational Failure

Editor’s Note: This article covers a stock trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.

On February 13th, 2014, Lucas Energy (NYSEMKT:LEI) filed a 10Q for the quarter ending December 31st, 2013. In my previous article, I mentioned that Lucas may be turning the corner based on the advertised results of the workover program, but advised investors to remain cautious. I purchased a speculative position; however, I have since sold as stated in the comments on my previous article. I currently have no position in LEI and I am glad I have sold. This most recent 10Q for the...

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