GREY:WFREF - Post by User
Post by
JohnJBondon Apr 10, 2014 1:18pm
371 Views
Post# 22435827
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.Easy to see who the idiots are posting on this board.
New shares at 5.10, and you're stupid enough to think it goes up!
Hard to get shares at 5.10 when market price is higher..............banks don't give out free money. No bank will sell to you at 5.10 when then can sell in the market for 5.30.......
LRE is positioning itself for the new paradym of LNG export from N.Am - oil companies don't get to particpate, those with N.Gas exposure get massive price appreciation.
This is a forward thinking management team.
I don't like using undervalued paper for acquisition. In this case the company used as much debt as they could, added in their heavy oil, and had no other choice but to use equity for the remainder. My read is LRE valued this opportunity so highly that they were willing to accept the negative impact of using undervalued paper.
I don't like the dilution, but I'll take it given I think the long term post LNG result increases my forcast net worth.
As for the idiot with the take over rumor............hello! Control is not in the market, its in the hands of Sprott, and you can expect Sprott to block all takeover offers until after the LNG paradym shift occurs (2020 ish).
The best thing you can do here, is reinvest your dividend every month, and wait for LNG to start exporting via the West Coast.