Long Run Explor Ltd Ord WFREF

Long Run vs. Spartan - My take

[forkliftguy]

John O'Connell was on "Market Call Tonight " on BNN . As usual , he is discrediting Long Run and recommending Spartan , a stock which his company owns 9% of . Again , I don't get it . If oil can rally to 65 or 70 dollars , Long Run will perform extremely well and will quickly reduce their debt . Long Run produces over 30,000 barrels of oil equivalent per day vs. 10,000 for Spartan . Long Run trades at .20 to book value , Spartan is at 1.25 . Long Run has a market cap of 145 million , Spartan has a cap of 835 million. Long Run has significantly less shares outstanding than Spartan . I just don't get it . Then again , can you believe someone who on TV said that Coca Cola bottles tap water . If I was Coca Cola , I would not be very happy .