Is LEI a buy? - Seeking Alpha

Quote & Headlines Market Currents StockTalk

Today 5d 1m 3m 1y 5y 10y

52wk high:

52wk low:

EPS:

PE:

Div Rate:

Yield:

Market Cap:

Volume:

561 people get LEI articles and Market Currents by email alert.

Get email alerts on LEI »

FOCUS | PRO | RELATED | TRANSCRIPTS | NEWS & PR

If You Can't Make It To Vegas, Consider Lucas Energy
Rob Wilson • Tue, Jan 29 • 15 Comments
Is Lucas Energy Copying Chesapeake And About To Make A Bold New Move?
David White • Mon, Feb 27, 2012 • 11 Comments

If You Can't Make It To Vegas, Consider Lucas Energy
Rob Wilson • Tue, Jan 29 • 15 Comments

The Economic Week Ahead
Markos Kaminis • Tue, Feb 19 • 1 Comment
3 Stocks That Insiders Bought From September 17-21 To Consider
Jorge Aura • Mon, Sep 24, 2012 • 1 Comment
Germans Pull The Rug Out From Under Stocks Monday
Markos Kaminis • Mon, Aug 20, 2012 • 3 Comments
A Recession Signal Flashes Red
Markos Kaminis • Fri, Jul 20, 2012 • 98 Comments
EOG Resources Could Jump 20% By 2014
Mel Daris • Fri, May 18, 2012 • 10 Comments
5 Oil And Gas Stocks That Will Rebound Sharply In 2013
Cris Frangold • Mon, May 7, 2012 • 10 Comments
Leverage Higher Oil Prices With These Small Oil Producers
Michael Filloon • Fri, Feb 24, 2012 • 48 Comments
Look For A Slide, Then More Gains From These 7 Stocks
Brian Nichols • Fri, Jan 6, 2012 • 12 Comments
6 Great Stocks To Buy Now For Profits In 2012
Dividend Kings • Thu, Dec 29, 2011 • 10 Comments
3 Portfolio 'Must Haves' For 2012
Kairos • Fri, Dec 23, 2011 • 21 Comments
Dejour Energy: The Market Has Not Yet Realized This Diamond In The Rough
Kairos • Thu, Dec 8, 2011 • 31 Comments
Royale Energy Set To Post Large Gains In Coming Days (Along With 7 Other Energy Stocks)
Brian Nichols • Wed, Nov 23, 2011 • 34 Comments
Looking For Risk? Take A Look At These Micro Cap Oil And Gas Producers
Michael Filloon • Thu, Sep 22, 2011 • 20 Comments
6 Companies That Could See Large Gains in the Near Future
Brian Nichols • Mon, Aug 8, 2011 • 16 Comments
Looking for the Next Samson? Speculative Stocks Sitting on Large Resources
Michael Filloon • Sun, Jul 24, 2011 • 88 Comments
Marathon May Have Increased the Value of Eagle Ford Leaseholders, Part 3
Michael Filloon • Wed, Jun 15, 2011 • 7 Comments
Marathon May Have Increased the Value of Eagle Ford Leaseholders, Part 1
Michael Filloon • Fri, Jun 10, 2011 • 3 Comments
3 Small Oil and Gas Companies With Bullish Moves Last Week
Michael Filloon • Mon, Jun 6, 2011 • 8 Comments
Significant Turnaround for 11 Oil Companies
Michael Filloon • Mon, May 9, 2011 • 11 Comments
Young Capital's Josh Young: Transition Can Deliver Value in Oil, Gas E&Ps
The Energy Report • Tue, Apr 12, 2011 • 2 Comments

There are no Transcripts on LEI.

Lucas Energy Announces Fiscal Year 2013 Estimated Proved and Probable Reserves

PR Newswire (Thu, 6:00AM)
Lucas Energy Completes Its Final Settlement Eliminating $1.3 Million in Related Obligations

GlobeNewswire (Apr 9, 2013)
Lucas Energy Completes $2.75 Million Bridge Loan

GlobeNewswire (Apr 8, 2013)
Lucas Energy Names Oil and Gas Finance Executive William J. Dale as Chief Financial Officer

GlobeNewswire (Apr 8, 2013)
Lucas Energy Settles Legal Lawsuit, Eliminating $24M in Related Obligations

GlobeNewswire (Apr 2, 2013)
Asia Markets: Tokyo stocks tumble on yen; results hit Hong Kong

at MarketWatch.com (Mar 22, 2013)
Lucas Energy Announces Third Quarter 2013 Financial and Operating Results

GlobeNewswire (Feb 14, 2013)
Asia Markets: Asia markets end mostly up; earnings lift Sydney

at MarketWatch.com (Feb 13, 2013)
Lucas Energy Announces Recent Results of Production and Settlement of Previously Announced Litigation

GlobeNewswire (Jan 30, 2013)
Lucas Energy Announces Completion of $4 Million Asset Sale and Provides Updates on Previous Announcements

GlobeNewswire (Dec 21, 2012)
Lucas Energy Announces Status of Note Payable

GlobeNewswire (Dec 17, 2012)
Lucas Energy Announces Resignation of Co-Founder and CEO and Appointment of New CEO and Director

GlobeNewswire (Dec 14, 2012)
Asia Markets: Asia stocks mostly lower, as data disappoint

at MarketWatch.com (Dec 4, 2012)
Lucas Energy Files 10-Q for 2nd Quarter of Fiscal Year 2013

GlobeNewswire (Nov 14, 2012)
Lucas Energy Announces Annual Meeting Date

GlobeNewswire (Nov 13, 2012)
Lucas Energy Announces Appointment of New Chief Financial Officer

GlobeNewswire (Nov 1, 2012)
Lucas Energy Announces Election of New Members to the Board of Directors

GlobeNewswire (Oct 4, 2012)
Lucas Energy Provides Update on Request for Special Shareholders Meeting

GlobeNewswire (Oct 3, 2012)
Lucas Energy Announces Execution of Joint Venture Term Sheet With Milestone Energy, LLC

GlobeNewswire (Oct 2, 2012)
Lucas Energy Announces Production Update for 2nd Quarter Fiscal Year 2013

GlobeNewswire (Sep 14, 2012)

LEI vs. ETF Alternatives

Company Description

Currently, there's no company description for LEI.

Sector: Basic Materials

Industry: Independent Oil & Gas

Country: United States

All
| Earnings
| Dividends
| M&A
| On the move

Thursday, June 13, 11:48 AM Lucas Energy (LEI +2.4%) reports FY 2013 estimated proved and probable reserves of 7.2M boe, of which 5.6M are proved reserves. LEI says the pre-tax present value of estimated future net cash flows from its proved and probable reserves, discounted at PV-10, was $168M, a 62% Y/Y increase. Comment! [Energy, On the Move]
Tuesday, April 2, 9:29 AM Lucas Energy (LEI) discloses a settlement with Nordic Oil, agreeing to cancel the 2011 purchase and sale agreement, and will pay Nordic $1.125M in lieu of a $22M promissory note that was due and payable in Nov. 2012. Comment! [Energy]
Wednesday, December 26, 2012, 3:38 PM Lucas Energy (LEI +19%) soars after saying it recently completed the sale of it Baker Deforest Unit, located in Gonzales and Dewitt Counties, Texas, for $4M. The company on Friday also announced the appointment of Ryan J. Morris as its chairman of the board of directors and amended and restated its bylaws, including the reduction of the required ownership percentage of stockholders required to call a special meeting to at least 10% of all shares entitled to vote, which is down from 30%. Comment! [Commodities, Energy, On the Move, M&A]
Wednesday, December 26, 2012, 12:45 PM Midday top 10 gainers: SGOC +78%. DQ +32%. LEI +17%. CT +13%. SPMD +13%. GOL +11%. CSUN +11%. SOL +10%. ALIM +10%. SPWR +10%.
Midday top 10 Losers: MED -13%. AERL -8%. AMPL -10%. BNSO -10%. BOSC -8%. MOC -8%. KORS -7%. RWC -7%. PSMI -6%. SDIX -6%. Comment! [On the Move]
Tuesday, December 18, 2012, 3:06 PM Lucas Energy (LEI -16.4%) says its $22M senior secured promissory note due to Nordic Oil USA I is past due, and Nordic has filed a lawsuit to seek repayment of the note and a judicial foreclosure of properties acquired from Nordic. Comment! [Energy, On the Move]
Tuesday, December 18, 2012, 12:45 PM Midday top 10 gainers: BOSC +83%. OPXA +31%. MEIP +30%. ARB +24%. RNIN +21%. VNDA +21%. III +18%. NVGN +16%. SNFCA +14%. GDP +14%.
Midday top 10 Losers: AWRE -23%. CNH -18%. LEI -17%. GALE -17%. LIVE -16%. CIS -14%. GTAT -13%. MNGA -12%. RCMT -12%. SWHC -10%. Comment! [On the Move]
Friday, December 14, 2012, 2:51 PM Lucas Energy (LEI -0.6%) CEO William Sawyer resigns and is replaced by recently appointed CFO Anthony Schnur. Sawyer, who also resigned as a director, co-founded the company and served as VP of operations for four years. Schnur joined LEI just last month and had been finance chief at Chroma Oil & Gas. Comment! [Energy]
Friday, October 5, 2012, 10:31 AM Lucas Energy (LEI -12.9%) shares are slammed following the addition of two new board members. Through their affiliates, Meson Capital and Young Capital, the two additions are LEI's largest shareholders with a combined stake of more than 4M shares representing ~6% of total shares outstanding. 2 Comments [Energy, On the Move]
Tuesday, October 2, 2012, 10:44 AM Lucas Energy (LEI +7.9%) strikes a JV with a U.S. player backed by Chinese investors to pump $100M into exploitation of Texas oil assets. Milestone Energy agrees to fund 80% of the cost of the properties to be developed in the Austin Chalk and Eagle Ford trends, as well as all drilling and completion expenses plus project generation fees. Comment! [Energy, On the Move]
Tuesday, September 11, 2012, 8:58 AM Lucas Energy (LEI) +1.2% premarket after unveiling an 800K unit offering to raise funds to pay down expenses related to drilling, lease operating, workover activities and for general corporate purposes. Comment! [Energy]
Monday, July 23, 2012, 3:14 PM An internal review of Lucas Energy’s (LEI +11.1%) Eagle Ford properties shows as much as 14.5M bbl/day of oil, a big boost from its previous estimate of 3.7M bbl/day. The new estimate would take LEI’s Eagle Ford value to more than $275M, a useful number to evaluate offers by potential buyers or to assist in any decision of whether to develop or sell properties. 3 Comments [Energy, On the Move]
Monday, March 5, 2012, 4:25 PM Lucas Energy (LEI) gives its February production update, saying it had average gross production from operated wells of 468 BOPD, the highest so far for the fiscal year. The company anticipates ending the year with gross production of approximately 90,000 bbls of oil, a 59% increase over last year. Comment! [Energy]
Wednesday, January 4, 2012, 10:20 AM Lucas Energy (LEI +3.7%), a small but growing player in in the massive Eagle Ford Shale field, says it's acquired all of Hall Phoenix Energy's interest in its oil, gas, and mineral leases in the Eagle Ford Trend for $6.4M. Comment! [Energy, On the Move]
Thursday, August 4, 2011, 11:02 AM Lucas Energy (LEI -3.5%) receives a Buy rating from C.K. Cooper with a $5.50 price target on the firm's potential in the Eagle Ford Shale field. The firm announced a tidy increase (+20% M/M) in its operated wells gross production earlier this week. Comment! [Energy]
Friday, June 24, 2011, 10:36 AM Samson Oil (SSN +6.85%) acquires 90K acres of oil and gas leases in Montana from Fort Peck Energy. The purchase will be made in 3 tranches, with the first 20K parcel set to operate immediately with two wells. Comment! [Energy, Commodities, On the Move]

ruffnekn
What's the vision/strategy of this equity/stock? $LEI
May 7, 9:51 AM
Reply (2)

• !Report Abuse
View all 2 replies
Ocean Man: Their immediate strategy is to not default on another loan payment so they can avoid bankrupcy.
May 7, 10:50 PM
• !Report Abuse
ruffnekn: buying stripper production and looking for upside certainly isn't an easy model.
May 9, 9:33 AM
• !Report Abuse
Add a reply...

140 characters

Catalyst Global
$LEI Oil & Gas Co. Lucas Energy's new CEO Settles Litigation, removing $24M obligation (vs. $34M mkt cap) http://yhoo.it/YQyAg2
Apr 2, 1:38 PM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

David Collins
$LEI Oil & Gas Co. Lucas Energy's new CEO Settles Litigation, removing $24M obligation (vs. $34M mkt cap) http://yhoo.it/YQyAg2
Apr 2, 12:25 PM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

FortSumter
LEI Something going on. Up 6% on no news. Heavy insider buying. inst buying up 45% this qtr. Long LEI.
10/26/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

x oil -field
BRUSSELS, Oct. 22, 2012 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Germany Declines. EU http://prn.to/XIWs34
10/22/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

x oil -field
The Conference Board Leading Economic IndexÂ® (LEI) for Germany Declines Last update: 10/22/2012 4:00:00 AM EU PR Newswire
10/22/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Ocean Man
LEI starting out the day with an 18% drop.... glad I'm out of that one, even if I sold too early.
10/5/12
Reply (2)

• !Report Abuse
View all 2 replies
ConnorJacobson: I know that 2 largest shareholders were added to the board.... so why would it take such a large drop? thx
10/5/12
• !Report Abuse
ssmith90: it was a good chance to buy the dip IMO & i did.
10/5/12
• !Report Abuse
Add a reply...

140 characters

ConnorJacobson
Jesus LEI ........
10/5/12
Reply (1)

• !Report Abuse
View all 1 replies
Energysystems: The force is weak in that one.
10/5/12
• !Report Abuse
Add a reply...

140 characters

FortSumter
LEI Joint venture announced. Up +10%. Long LEI til I can make a profit from $2.45 buy in from April.
10/2/12
Reply (4)

• !Report Abuse
View all 4 replies
ConnorJacobson: Deal, I'll go get on the yahoo message boards
10/2/12
• !Report Abuse
ConnorJacobson: So much for those gains today......
10/2/12
• !Report Abuse
Add a reply...

140 characters

Tom Guttenberger
Wonder who was on the recieving end that private LEI offering? Never seen a quicker return on a 2% share-buy of a company lol.
9/28/12
Reply (1)

• !Report Abuse
View all 1 replies
Tom Guttenberger: FYI, I still think it is cheap absent of crazy dilution.
9/28/12
• !Report Abuse
Add a reply...

140 characters

LATEST REPLIES

ruffnekn
What's the vision/strategy of this equity/stock? $LEI
May 7, 9:51 AM
Reply (2)

• !Report Abuse
View all 2 replies
Ocean Man: Their immediate strategy is to not default on another loan payment so they can avoid bankrupcy.
May 7, 10:50 PM
• !Report Abuse
ruffnekn: buying stripper production and looking for upside certainly isn't an easy model.
May 9, 9:33 AM
• !Report Abuse
Add a reply...

140 characters

Ocean Man
LEI starting out the day with an 18% drop.... glad I'm out of that one, even if I sold too early.
10/5/12
Reply (2)

• !Report Abuse
View all 2 replies
ConnorJacobson: I know that 2 largest shareholders were added to the board.... so why would it take such a large drop? thx
10/5/12
• !Report Abuse
ssmith90: it was a good chance to buy the dip IMO & i did.
10/5/12
• !Report Abuse
Add a reply...

140 characters

ConnorJacobson
Jesus LEI ........
10/5/12
Reply (1)

• !Report Abuse
View all 1 replies
Energysystems: The force is weak in that one.
10/5/12
• !Report Abuse
Add a reply...

140 characters

FortSumter
LEI Joint venture announced. Up +10%. Long LEI til I can make a profit from $2.45 buy in from April.
10/2/12
Reply (4)

• !Report Abuse
View all 4 replies
ConnorJacobson: Deal, I'll go get on the yahoo message boards
10/2/12
• !Report Abuse
ConnorJacobson: So much for those gains today......
10/2/12
• !Report Abuse
Add a reply...

140 characters

Tom Guttenberger
Wonder who was on the recieving end that private LEI offering? Never seen a quicker return on a 2% share-buy of a company lol.
9/28/12
Reply (1)

• !Report Abuse
View all 1 replies
Tom Guttenberger: FYI, I still think it is cheap absent of crazy dilution.
9/28/12
• !Report Abuse
Add a reply...

140 characters

Ocean Man
LEI has been crazy volatile lately. Shot up 11% today. Nice gains by MHR and MTDR today too.
9/27/12
Reply (4)

• !Report Abuse
View all 4 replies
Funkengruven: Glad I set that sell limit last night! Been waiting to get out from under it, and was able to do so w/a small gain.
9/27/12
• !Report Abuse
jvix: MHR had a little bounce off 50 day moving avg I see
9/27/12
• !Report Abuse
Add a reply...

140 characters

Ocean Man
LEI back down 10%. What a weird stock. (No position)
9/21/12
Reply (3)

• !Report Abuse
View all 3 replies
Funkengruven: Frustrating... but much better than the previous months. Wed close @ 2.17 Thur cls @ 2.24. Profit taking en masse today I imagine. Long LEI.
9/21/12
• !Report Abuse
blablah: Damn I should have sold all the position ,just broke even@ 2.15 after being underwater so long.Hopefully it will come up some
9/21/12
• !Report Abuse
Add a reply...

140 characters

Funkengruven
Well hello LEI!!!
9/19/12
Reply (3)

• !Report Abuse
View all 3 replies
Ocean Man: Congrats. I held it for months hoping for something like that. Sold a couple weeks ago.
9/19/12
• !Report Abuse
connorj21: hopefully 2.75 - 3.00 is here by end of '12 / early '13
9/20/12
• !Report Abuse
Add a reply...

140 characters

Funkengruven
Dear LEI, I am hereby formally inviting you to the $2.00 party. Please attend.
9/12/12
Reply (4)

• !Report Abuse
View all 4 replies
Funkengruven: Holding... holding... hoping!
9/17/12
• !Report Abuse
ssmith90: LEI update http://on.mktw.net/QjMH9L
9/17/12
• !Report Abuse
Add a reply...

140 characters

Ocean Man
LEI up 11% today LOL!
9/11/12
Reply (2)

• !Report Abuse
View all 2 replies
connorj21: Ya, don't equity offerings usually drop the price?
9/11/12
• !Report Abuse
Ocean Man: I don't understand it. 800,000 shares are being sold tomorrow for 1.65 and it shoots to 1.90.
9/11/12
• !Report Abuse
Add a reply...

140 characters

Ocean Man
LEI announces a secondary and goes up 4% LOL! Trimmed some shares at 1.75.
9/11/12
Reply (4)

• !Report Abuse
View all 4 replies
Ocean Man: It's only a $1 million offering on a $45 million market cap, pretty small. But it's priced at $1.65, and the stock is at $1.80 - unusual.
9/11/12
• !Report Abuse
TruffelPig: The other was like $3 million. They now seem to run operations from dilution. Not buying LEI anymore.
9/11/12
• !Report Abuse
Add a reply...

140 characters

connorj21
Wish LEI & MHR would both go up at the same time and not one up and the other down.... some day
8/29/12
Reply (2)

• !Report Abuse
View all 2 replies
Ocean Man: MHR had a nice 30% run this month, but LEI is just stuck in the mud.
8/30/12
• !Report Abuse
Funkengruven: Today sees MHR up... LEI down... yes, I am stuck with LEI.
8/31/12
• !Report Abuse
Add a reply...

140 characters

Youngone91
Ocean, looking at buying more LEI, thoughts?
8/20/12
Reply (2)

• !Report Abuse
View all 2 replies
Ocean Man: I lightened up at 1.90, holding here, would buy under 1.60.
8/20/12
• !Report Abuse
Ocean Man: EOG, CRZO, ROSE, and CXPO are my top 4 right now. CLR in the Bakken.
8/20/12
• !Report Abuse
Add a reply...

140 characters

Ocean Man
LEI just shot up 10%. Sold a quick 1,000 shares at 1.92 before it disappears like MHR yesterday.
8/2/12
Reply (4)

• !Report Abuse
View all 4 replies
vinyal: MHR really?
8/2/12
• !Report Abuse
Tom Guttenberger: Well done. But I am excited for the next flow rate announcement. I think William Sawyer has them on the right track :).
8/2/12
• !Report Abuse
Add a reply...

140 characters

Ocean Man
LEI's announcement today was gigantic, should go much higher (was up 20% at one point today, now 11%).
7/23/12
Reply (2)

• !Report Abuse
View all 2 replies
Hillbilly Stock Star: MTDR......bring some Eagle Ford gravy! LoL! Long.
7/23/12
• !Report Abuse
Funkengruven: hoping so... still red for me.
7/23/12
• !Report Abuse
Add a reply...

140 characters

LEI Lucas Energy, Inc.

LEI

Lucas Energy, Inc.