GREY:WFREF - Post by User
Post by
rbronteon Jan 07, 2014 5:58pm
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Post# 22067474
LRE and Oil Prices.
LRE and Oil Prices.I have a few question for you oil experts. If the price of oil drops below US $80 as a result of increased worldwide production or due to political issues (like OPEC imploding), is LRE at risk of folding? I believe that the company is being run by a very professional team, but would a 20 or 30% drop in the price be an event that would be beyond their ability to manage? Also, in general terms, is there still a lot of interest in buyouts of oil companies such as LRE? In advance, thank you for the education.