Long Run Explor Ltd Ord WFREF

New 52 Week Low ---$2.79

[UppersDowners]

not looking good and one of the best value oil companies out there but where is the bottom?

[JohnJBond]

We won't know the bottom until its come and gone. We do know its right around here somewhere, and it may well have been earlier this morning - particularly it tomorrows after close earnings look reassuring. As I wrote yesterday, any one of about 20 positive things can happen to a bottom bouncing stock at any time..............and all cause an upward movement. It could be (a part list that

[ppp]

I thought this would never drop below  3.60 the old low. So as far as calling bottom I suck. But I did add 25% to my position today.  Good luck everyone 

[patenright]

well said johnbond I think this is the same johnbond who I followed a lot on daylight board years ago before it got taken over. I have a new ID now. from what I recall john is one smart cookie. I owned daylight with avg of 5.5 , got pounded to 4 and then bought for 9-10 lesson is do not panic and sell... John, you hold or considering buying any other oil and gas companies?

[JohnJBond]

I'm dumping money into the market right now. LRE is my fav oil gas opportunity presently.     There are lots of better known names (or prehaps more oftened discussed on television by those with nothing better to do), but when I examine the numbers, they all pale in comparision on risk/reward. If I had access to sufficient funds to purchase all the outstanding shares, I'd make a

[specboy2011]

Without question they will cut the yield.Market might even take it as positive..Cut it halfd  right now its still 7.5%.Yes everyone is in much much higher but meaningless what anyone paid for a stock in past wheter a day month or year. Still better to see oil base.......

[JohnJBond]

I don't think they will cut the dividend.