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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 by User

Comment by JohnJBondon Dec 08, 2014 2:25pm
240 Views
Post# 23207141

RE:RE:RE:RE:RE:The Absolute Lack of Fundamental Legs

RE:RE:RE:RE:RE:The Absolute Lack of Fundamental LegsThanks for sharing.

A quick read shows the credit line borrowing can not exceed 3.5X cash flow (on a trailing basis).

The most recent stress test cash flow estimate for 2015 was 1.58 per share or about 316 million.

It seems very unlikely cash flow could decline down to a 3.5X ratio.

The interest coverage seems to be of no concern.
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