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Long Run Explor Ltd Ord WFREF

Energy Oil & Gas E&P
"Long Run Exploration Ltd is engaged in the development, exploration and production of oil and natural gas in western Canada."


GREY:WFREF - Post by User

Long Run Explor Ltd Ord > MIE
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Comment by wilwalon Aug 09, 2015 10:51am
59 Views
Post# 24001201

RE:RE:RE:RE:MIE

RE:RE:RE:RE:MIENinjadear, the LRE stock price is highly leveraged to the price of oil. That is, it goes up and down disproportionately to the change in oil and gas prices. If you are going to make any oil investment, you have to start with a thesis on your outlook on oil prices before you even look at an individual company.

Because of high debt, LRE is also highly discounted due to high default risk.  So there are two potential upsides (or downsides with the opposite scenario) to LRE: resolution of the debt and/or a rising price of oil.   That's what it mostly comes down to on this investment.  If you see management resolving debt and a rising oil price, you will see it rise.  If the MIE deal closes, the price should recover to over $1.  It will take rising oil and gas prices to get it up significantly higher.
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