Long Run Explor Ltd Ord WFREF

RE:RE:RE:Kevin O'Leary Video on Oil Companies in Canada

[Piperdown]

barneyj44 wrote:
Thanks for that ,typical of Oleary , throwing water on an oil fire, I believe he said companies like Teck were going to zero in 09 when it was trading at $4.00 and we all know what happened there, investment will start to flow into Canada at these prices, can't name a safer country to invest in (once you get past the first nations and enviromentalists)

No problem Barney. I thought it was interesting, but I didn't agree 100% either. Especially, why is he going long S&P at these levels. That to me is buying high. I am not into that. I want to buy low and sell high. I am not sure in LRE is a "go to zero" company, but they are more that Encana or Suncor for example. So I am not sure yet how I am going to play this oil rout. Whether I go the safer route and go with the majors only and minimize my upside, but maximize my downside, or go for broke and play with the mid-tier's that will bring more upside "if" they make it.