Long Run Explor Ltd Ord WFREF

Times like these bring out the management...

[sapiensunus]

One thing I can tell you about this company compared to others…. This management is concerned for the shareholder. They prove that with the dividend adjustment. Oil and gas investments will always be worth something and this management will do what it must to stay in business. That’s a lot to demand from such a company and they are ready to do what they MUST. So many corporate managers - on the venture especially compared to the TSX – are only concerned for themselves. Let’s just say…While and when oil and gas recover… these guys should be in a good position to carry on. GWH

[99999gold]

If they were really concern for shareholders they wouldn't have taken all that debt and completely cut the dividend to zero, which they would have to do - it's yielding 30%?  Having said that, it's just a matter of time for this company to be below a buck. Still short and all the way to zero - no reason to cover here. 

[deccaman]

Hope u have quick. Trigger finger on that SHORTs button, and u got new ones for Xmas , because I think  u are about to loose your's.   

[99999gold]

go back to my posts when this was still trading at 3/2.8/2.75/2.5 - I made it known then the play was either short due to balance sheet concern on the background of a falling commodity price and even warned that shareholders to sell then and buy it back lower as in where it is today to protect capital. If you still like the company after it has fallen another 50% then buy it back to reduce risks

[barneyj44]

Actualy management was buying at $5.00 levels

[99999gold]

thats true...my bad.  the dividend needs to be eliminated to zero and give shareholders a chance before it's too late. 

[ppp]

They still have some room because of their hedges, but I agree they and every one else needs to cut to 0. Something that should of been done the first time. They are not doing the shareholders any favors.

[sapiensunus]

Although entirely removing the dividend is a prudent measure… Remember, if the company can possibly maintain a dividend it’s actually good for the shareholders long term – especially if money invested is borrowed by the shareholders. Interest paid on investment to earn dividend income is deductible, where to earn capital gains is not. Also, it sends a message of confidence to the current