Long Run Explor Ltd Ord WFREF

Long Run vs. Spartan - My take

[forkliftguy]

John O'Connell was on "Market Call Tonight " on BNN . As usual , he is discrediting Long Run and recommending Spartan , a stock which his company owns 9% of . Again , I don't get it . If oil can rally to 65 or 70 dollars , Long Run will perform extremely well and will quickly reduce their debt . Long Run produces over 30,000 barrels of oil equivalent per day vs. 10,000 for Spartan . Long Run trades at .20 to book value , Spartan is at 1.25 . Long Run has a market cap of 145 million , Spartan has a cap of 835 million. Long Run has significantly less shares outstanding than Spartan . I just don't get it . Then again , can you believe someone who on TV said that Coca Cola bottles tap water . If I was Coca Cola , I would not be very happy .

[wilwal]

The beauty of LRE is that it is highly leveraged on the price of oil.  According to Nuttall, you are looking at a double with $70 oil.  So if you are an oil bull, buy lots of LRE.  It only has to exceed $70 and they can hedge away their profits and do big work on the debt. This is typical of companies like this.  When cost of production is high or debts are high, they get

[Reflect]

This post has been removed in accordance with Community Policy

[Reflect]

forkliftguy your take is very well taken & is very meaningful & has truth. Don't let the wilwal monkey dishearten you or try to intimidate you. There have been others on this board that have given him a forum & that just seems to increase his lies & distortions. He has a sick mind agenda & he thrives on upsetting people with his lies & distortion. I've proved him a

[qwqw]

Spartan is a shark just waiting to take a bite out of some injured company like LRE. Their overpriced  shares will turn into underpriced darlings and up she goes. Hopefully LRE is aquired by a small company like SPE. The smaller the company the more significant LRE would be to their bottom line and to their share price.

[Reflect]

I'm totally surprised at you qwqw. Even John O'Oconnell doesn't talk like that. The most he gave Spartan was 200 million for an approx. 9,000 BOE/d  & that after he talked to SPE who weren't even ready to go out & try & borrow 200 million. How can you even cover LRE's debt let alone their assets. Man don't tell me now reality has left the brain &

[ppp]

The problem Reflect is LRE is a sitting duck with a 75 cent share price. I agree with you that it is worth a least 3 on paper. Don't forget this has traded alot of shares under 1.50 and alot of investors would be in the money at that price. So a company like SPE comes along and offers 1.50  What they would most likely do is offer half cash 150 mil and half shares 50 mil shares at their

[jerrybe]

That's exactly why this would be the worst time to have a bid come in...it is rare to find bids with a premium exceeding 100% (although not unheard of) and it seems anti-takeover defenses do not work well on such small firms in Canada. So they would be gobbled up...if it were SPE, it would sicken me, on the other hand, it would be the self-fullfilling prophecy of having a high share price in

[Reflect]

I will not argue with your take, it does have merit. SPE has not grown. John O'Connell flat out lied on BNN & that idiot for an inteviewer doesn't even question the lies. First & foremost I have proven that SPE's increased production was due to RPL's assets which they did not drill or pump to make the sweet deal with Thomas Budd. There still has to be an investigation. This