GREY:WFREF - Post by User
Post by
Reflecton Mar 22, 2015 10:05am
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Post# 23548300
The True Value of LRE
The True Value of LRE
What is LRE truly worth; total oil & NG production/day X 365 days X years ‘til wells run dry plus estimated production of assets & total years of production. Subtract costs to extract & bring the product to market along with the calculated margins of errors.
Market cap. Today is 135.4 mil. @.70 share. Estimated value 806.9 mil.@ 3.70 share.
By all accounts; which is closer to the truth. That is tangible oil & NG in the ground that the world wants & uses; not garbage or fictitious numbers that have no value.
That’s why I keep saying that CIBC has a hidden agenda & uses whatever source they can to belittle LRE. Investigate Renegade & you will see the pattern the big banks employ. After the fear & panic & market manipulation they bribe the CEO & BOD of the company under attack & get it for peanuts. And it is all perfectly legal in this corrupt system of law & the TSX.
Investigate Renegade & the take over by Spartan (formerly a penny stock called Alexander).