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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 Feb 11, 2015 7:47pm
159 Views
Post# 23420221

RE:major shareholders

RE:major shareholdersthe reason why they're buying it is the strong US$ vs CDN$ so they're basically getting a 1/5 of a stock for free

it's a play on forex not on oil or fundamentals of this company, if they loose it all big deal they lose little.

all of what I said happen with this company, including the div going to zero (well I said within 60 days).

another prediction - they'll need to raise cash through an offering for $1 may 1.05 and finally it goes to 75c then to 50c

its a reshort for me here. there's no risk here. 



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