Long Run Explor Ltd Ord WFREF

RE:For sale cheap... must go!

[theman0]

Not only are you an idiot but you have no clue what your talking about. The payout ratio was only 23% as of the third quarter report. They have plenty of hedging in place; in fact they have costless collars on several thousands of barrels; these collars provide firm downside protection in the case of a commodity downturn. But if I was LRE management I would cut the dividend just because the overall market is basically asking for it (whether it is needed or not). I would then promptly announce a share buyback program with those same dividends that were cut.