Long Run Explor Ltd Ord WFREF

next week's report

[northwestcoast]

Thanks tvstock. I'm looking forwar to next week. The earnings report should be better than most peers because of the hedging. I think tomorrow will be up for oil, and the next week up for LRE.

[emmitt]

What date are they reporting? I thought it wasn't until March 12?

[emmitt]

OOPS March 5...my bad.

[2015ideaman]

I agree, oil up tomorrow. Rig count will be down bigtime on account of falling oil prices and threat of $30 oil. Also spread between WTC and Brent is too big. Not so sure LRE will go up, they need to partially sell off and down size debt. Any company that needs to down size is at the goodwill of the buyer, and buyers are looking for deals or forget it. So don't expect much from them. If your

[Sumcan2]

With oil prices somewhat stabilizing for now, I think that we will only see a modest decline in rig count as companies with all in costs around these prices use a wait and see to decide on further drilling curtailment. This is only my guess, hopefully I am wrong, we need to see the inventory build stop and storage start to decline

[tsoprano1]

Keep in mind that part of the buildup and inventory problem is because of numerous strikes and also maintainance at the refineries. A big chunk of the buildup will be sucked up when all the refineries are back on line and everything is back to normal. T