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Long Run Explor Ltd Ord WFREF

Energy Oil & Gas E&P
"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

Long Run Explor Ltd Ord > lre update divy cut
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Comment by bossuon Feb 09, 2015 10:15pm
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Post# 23412826

RE:RE:RE:RE:RE:RE:lre update divy cut

RE:RE:RE:RE:RE:RE:lre update divy cutQuick guestimate: At $70 they were projecting 200 MM on a 36 000 b/d.With oïl price at 50 it should be 142 MM ,But production is going to be cut by 10% Most probably $ 142MM is a ball park figure.So debt/cash flow will be 700 MM/142 MM or 5.0 .Not a nice number and bankers must not like that . They had to do that move.
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