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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 Jan 15, 2015 7:47pm
162 Views
Post# 23325824

RE:RE:RE:RE:RE:inside support

RE:RE:RE:RE:RE:inside support
bigbird456 wrote:
for I am not. It just a little bonus . I'm here for mid term. Tell 2.50 $ then I well sell maybe. I see this price. Coming near term. As I think there well be an 8 too 9 cents up close tommorow. Shorts wont be able too cover soon. Like I said lre is realy oversold so a good run is coming sooner than latter. Charts usually dont lie


I see that there's a new bagholder in town... let me guess you got in at 1.15-20 and hoping to double your money.

The 200 DMA is on the trajectory to 2.50 that must be what you mean otherwise you're reading the chart wrong... 

User image

But humour me, do tell why/how it would get to 2.50. Did the company manage to wiped that huge debt load 700m? has the company sold an asset? Did the company discovered more oil and will double/triple production to pay down the debt? Is oil back to 65-70? because it was at 2.50 when oil was at that price. Is company wasting away 35m paying down worthless dividend instead of paying down debts?

Shorts asked the same questions if the answer is no, no, no, no, yes then shorts will not cover.




 
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