Long Run Explor Ltd Ord WFREF

bashers

[madmax1980]

you guys are idiots! losers!<br /> CPG will cut their dividend, bla bla bla, WTF... they survived the 2008-2009 crisis where oil was below $50. what makes it different now? they have great assets now. debt minimal. is the dividend sustainable? with the last 2 acquisitons sure it is.<br /> <br /> LRE: this is a piece of junk! sure it is, Why? debt is the problem! they have good assets. will they survive? sure they will.<br /> <br /> does anyone know who Soros is? the guy shorted oil at the begining, what his he doing now? buying back again. he already covered! research it losers!<br /> <br /> be greedy when everyone is fearful! &nbsp;<br /> <br />

[JonCom]

I believe that statement but I do not believe commodity prices will improve by the ~march 2016 date that LREs covenants expire.

[lessspike]

Management knows they have a debt problem and a deadline.   They aren't going to sit back and wait for commodity prices to shoot up to solve their problem.   If they do think that, then they are definitely doomed.

[JonCom]

I think they know that, but what are they going to do? List assets for sale? What if they dont sell or not for the price they want? Drill more wells? What if their cost of drilling and operating the well doesnt allow for much profit with commodity prices being so low? They can do everything they can and still not be able to tackle the debt. If the prices stay low for too long, they will not

[lessspike]

Put yourself in the shoes of a CEO in this situation. The first thing is to identify your non-core assets and then seek for a buyer to whom those assets will be core assets to them.  That's how you get a fair price for assets as it's a win-win.  At the end of the day, you have lost only non-core assets and your remaining assets are better focused on the future. Another thing to