GREY:WFREF - Post by User
Comment by
OneStaron Oct 17, 2013 10:24pm
214 Views
Post# 21825914
RE:RE:RE:RE:RE:RE:Increase in 2013 ave forecast production
RE:RE:RE:RE:RE:RE:Increase in 2013 ave forecast production
I have been here since the galleon days. I bought because the promising land position especially in the Duvernay. The land position has improved since but I strongly feel the the company can create enough FCF to pay investors a dividend. Also a dividend will attract new investors who are looking for returns.
Especailly with the land position, the exploration options, the drilling inventory and the EOR activities this company can pay a decent dividend which will attract new investors. When the sp increases it will be much better for all involved and if needed the company can issue new shares at twice the value so therefore issuing a lot fewer share to raise the same money.
The whole idea is to get the SP up and fact is that LRE is still at lower valuation then its peers even with all the improvements and increasing production.
Quite frankly I am tired of waiting for free. If the company increases production let the shareholders participate in this growth.