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Bullboard - Stock Discussion Forum Long Run Explor Ltd Ord WFREF

"Long Run Exploration Ltd is engaged in the development, exploration and production of oil and natural gas in western Canada."

GREY:WFREF - Post Discussion

Long Run Explor Ltd Ord > Sick company of the year
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Post by lessspike on May 16, 2016 7:29pm

Sick company of the year

Terrible financials.  Deeper into bank debt...would have been worse if they were not in default on the debentures.  Production down 22% from Q1/15. Mostly gas at money losing prices.

This company is not viable in this environment of nat gas prices. Rising oil prices aren't helping much. I would be surprised to see the Chinese close this deal.  I hope so for the sakes of the longs looking to make 6% before May 30.  We could use the fresh Chinese money in Canada.
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