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Legacy Oil + Gas Inc T.LEG

Sector: Energy | Sub-Sector: Oil & Gas E&P

Legacy Oil + Gas Inc is an oil and natural gas company engaged in the acquisition, development, exploration, and exploitation of oil and natural gas properties. Its assets are focused in southeast Saskatchewan and southwest Alberta.
Price: $2.92 | Change: $-0.10 | %Change: -3.31%
Volume: 2.4m | Day High/Low: 2.97/2.86 | 52 Week High/Low: 10.03/1.17
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0 stars

Sale

Idk why they would do this lol, should have sold assets to reduce debt, would have been much better for shareholders. We are getting bought out for 1/4 of the 52 week high price what a slap to the...read more
0 stars

VOTE DOWN - The Premium ?

Although LEG has a lot of debt, I did not really expect LEG to be acquired without Premium. CPG guys did a great job of course, LEG guys did a horrible job as usual. Although most of my stocks are...read more
0 stars

$31.58 is what cresent pt. stock

would have to hit to make legacy shares worth $3.00 not out of reach at all  rate and reply
0 stars

Here's the wording about break fee

The Arrangement Agreement provides for the implementation of the Transaction by means of a plan of arrangement under the Business Corporations Act (Alberta). The Arrangement Agreement contains...read more
0 stars

RE:Will be interesting to watch tomorrow

I'm sure the break fee dosn't apply  if share holders vote it down. Only if the board entertains other offers or dosn't follow through .So there will be no other offers until this chapter over.  rate and reply
0 stars

RE:RE:RE:RE:Need Guidance

Anyone that bought below $1.50 is laughing all the way to the bank.All I know is it wasnt me.As for the many posters here that bought at $5-8 ,well thats a tough one too.At least one can wait and sell...read more
0 stars

RE:RE:RE:Need Guidance

Does the $2.85 not just represent the value of the deal at a per share level? There was statement in there about .095 shares from CPG for every share of LEG owned...which I take to mean if I own 1000...read more
0 stars

Will be interesting to watch tomorrow

Who has 1.6 - 1.7B to throw at legacy ?  I suppose CP is the answer  obv front four are not apart of anything so things could get interesting  Any chance the deal falls thru with no new bids and LEG...read more
0 stars

RE:I will bet you a timmies it is up tomorrow

Just want to take a step back from all the craziness of today with LEG and say, "I will bet you a timmies it is up tomorrow" is the most Canadian thing I have heard in my life. Well done goldensasky...read more
0 stars

I hate that expression "Done deal"

If this is such a done deal y bother having a vote?  rate and reply
0 stars

I will bet you a timmies it is up tomorrow

It may open at 2.95 or 3 or better. There is little downside so do not panic. It will be a high volume day with volitility.  Brokers are going to be fighting to get in on this deal. Stay for a gain...read more
3.5 stars

RE:RE:RE:No need to panic - the show is about to begin

Largeinvestor already did within the last week. Reference his posts.  rate and reply
0 stars

RE:RE:No need to panic - the show is about to begin

Trading will resume tomorrow morning, and then hault again IF the sale goes through. Can anyone produce a list of shareholders so we can see if CPG indeed started to acquire shares under $2?  rate and reply
0 stars

RE:No need to panic - the show is about to begin

Looking at my power stream trading has been Halted for LEG. How tomorrow will the stock move?  rate and reply
0 stars

RE:RE:Need Guidance

Thanks for your input. Good idea. Is there any chance that Leg can trade over 2.85 before the actual acquisition happens and will roll over to CPG will be guaranteed at 2.85 a share or that can change...read more
0 stars

No need to panic - the show is about to begin

Shorts have approx. 14 million shares shorted. They will want to cover ASAP to maximize profit or minimize losses depending what price they are shorted at. This is exactly what they don't want. So...read more
0 stars

RE:Need Guidance

Dusty1975.  Consider yourself lucky.   There are tons of bagholders here at higher prices. Move one and thank your lucky stars it was't worse.  rate and reply
0 stars

RE:Need Guidance

I'm in similar boat but smaller position. I was thinking about selling but why not wait till they roll into CPG shares? Are there any potential risks with doing that? Once CPG shares grow to your...read more
0 stars

Need Guidance

I am very new to all this. Any ideas at what price it will open in the morning? I own 29K shares at an average of 2.90 Is there any way I can get 2.85. I am willing to accept the loss. Just want to...read more
1 star

RE:RE:RE:RE:I have to comment here

Vote no ... as another post said a lot of shares traded north of $2.85 including mine. I don't see them getting 67% of the vote with this mediocre deal. Although could be just posturing with a low...read more