Legend Oil and Gas, Ltd (OTC:LOGL) has by now recovered to some extent after the free fall of the share price in November. The press releases from the company keep coming this months as well and today’s session should also be affected by a new promotion. 
The session yesterday closed with a 0.83% decline for LOGL at $0.96, but at least this level looks stable. LOGL trading volume was not even half of the average for the past three months with only around 126,600 traded shares, which also suggests that the market has consolidated two weeks after the share price fell from over $2 to under $0.6 in two days on some publications claiming the company’s management had notorious past related to other heavily promoted public companies.
Even that claims did not prevent LOGL from getting promoted again, however. Yesterday evening, a new e-mail came into our database, talking about LOGL quick recovery and “explosive growth potential”. Again, a third party has paid $5,000 for the company’s coverage, an amount that looks, however, too minor to convince traders that the promotion could have any huge effect.
On December 6, Legend Oil and Gas published its latest press release. According to it, three new drilling locations have been permitted on LOGL properties in Woodson County, Kansas – two wells would be drilled on the John Ellis lease and one additional on the Orth-Gillespie lease. The PR implies that the production will again increase, though that implication alone is enough to get the stock price up.
