Long Run Explor Ltd Ord WFREF

RE:RE:RE:New 52 Week Low ---$2.79

[JohnJBond]

I'm dumping money into the market right now.

LRE is my fav oil gas opportunity presently.     There are lots of better known names (or prehaps more oftened discussed on television by those with nothing better to do), but when I examine the numbers, they all pale in comparision on risk/reward.

If I had access to sufficient funds to purchase all the outstanding shares, I'd make a tender offer.    If thats how I feel, then others with the same background will be thinking the same thing.     Control is in the market, so its possible.

Daylight was one of the last purchases after the Canadian Gov introduced the foreign gov backed purchase rules.    Although those rules do not apply to LRE, they appear to have put cold water on all potential Chinese purchases within the sector.    If those rules were not in effect, I'm confident LRE would have been purchased ages ago.

The only thing about the current share price I find bothersome is that I don't have more cash to invest.    Its a 15% yield right now for heaven's sake.

I don't know how long this opportunty will exist - but I don't think it will be long.

Calling short term moves is a mugs game, so I'm not going to speculate.    That being said, Q3 is expected out tomorrow after the close, and they are going to reflect one major purchase, and part of the other - they should look pretty good.