Long Run Explor Ltd Ord WFREF

DIVIDENDS

[ENDOFRAINBOW]

With oil dropping like a rock, are dividends sustainable? Can the co. still make enough cash to continue paying ?

[theman0]

As long as the decline is short lived, there is no problem.

[theman0]

They have exceptional protection for the remainder of 2014 with their current hedging program and they have a reasonable amount of protection for 2015. Hopefully NatGas has a good year like the past winter and they can lock in some decent pricing for 2015-2016. Currently, approximately 70% of natural gas production is hedged for the remainder of 2014 and approximately 30% is hedged for 2015

[maurizion]

Looks like the Saudi's are getting just what they wanted. Panic in the Oil sector with indiscriminate selling. US shale producers will be falling like flies soon if the price does not recover.

[99999gold]

Don't listen to these fools here, no the dividends are not sustainable plain and simple. Read the balance sheet, they have to pay debts first before paying shareholders. Expect no div for dec, that's the truth.

[99999gold]

You can one star my comments away, the fact that it's down 12% today tells you that. Just wait til the americans are done eating up turkey and sell off oil stocks tomorrow. 

[UppersDowners]

Divi is not safe is correct. We will see a lot of companies either drop their divi 100% or 50% as this oil problem will be with us for a while. Once the dust settles in a year or so they might implement it back. This is my opinion and I could be wrong but I doubt it.

[theman0]

Like I stated > the dividend is most certainly save on the near term especially considering the hedging program is currently excellent. Today will likely prove to be the bottom in oil, watch for an imminent price spike back to $80-85 and then $90 by Mid to late January.

[farco]

Yeah, the DRP on the cash flow is pretty low (according to the last Q). Even with its level of debt it's OK for now.

[farco]

DPR sorry

[99999gold]

today maybe the bottom but you don't see it back to 80-90 range for 18-24m so most oil co's will go bust, div eliminated and consolidation in the industry.  natgas is not going to save these comapnies either as there's no demand even if winter is upon us, but do watch for some m & a, only if you bought it at the bottom about another 20-25% 

[theman0]

Your wrong, I'm right. get over it.

[99999gold]

yes you're right, broke yet? awww, poor thing.