Long Run Explor Ltd Ord WFREF

RE:RE:RE:Expect some short term volatility… not out of the woods yet.

[JohnJBond]

In my view, LRE's CEO knows what to do, and is doing it.

It sounds like he does not expect oil prices to be at this level beyond the first quarter.

Canada is largely shut down in the second quarter due to spring break up.     The CEO says this will extend through the summer, if oil and gas prices stay low.

This is consistent with the Goldman forecast - that prices will stay low until the excess supply is exhausted, and that will take about 6 months.

Keep in mind that Goldman's forecast is supply focused, and does not consider the increase in demand that will be generated from these low prices.    This increased demand will accellerate consumption of the excess supply.

I also note, that the CEO, has been buying at these levels........he sees a positive outcome.