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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 99999goldon Dec 08, 2014 7:14pm
238 Views
Post# 23208366

RE:RE:When to start a position on LRE?

RE:RE:When to start a position on LRE?
straightbull wrote: I reiterate.....start a position in LRE on the day they announce a dividend cut.
Original post was when LRE was $2.40, now at $1.42.
With the current downward pressure on oil price, one may be able to buy LRE at close to a buck when the dividend is cut. This would be a tremendous bargain. Patience!




1?! that's quite a bearish sentiment but very possible indeed. Another 40pts off? damn, I have noticed that oil sellers' money are going into gold and base metals, or holding cash waiting for more discounts/bargains at some point.


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