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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 - Seeking Alpha
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Comment by bossuon Feb 16, 2015 11:26am
279 Views
Post# 23433212

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:LRE - Seeking Alpha

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:LRE - Seeking AlphaAnother way to look at LRE valuation : Plain and simple With a $ 2.00 SP X 193,500,000 shares=387MM+Debt 700MM=1,087MM/33,000 boe=$32,770 per flowing BOE .Not long ago companies were ready to pay a minimum of 2 times that amount .Recently there are been some buyout on a flowing barrel data but I d'ont remember the buying price. So at $ 33000/BOE LRE looks to me a very cheap price!! This is why LRE is worth much more than $ 2,00 / share but I would tender my shares on a $ 2,00 offer!!
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Dealroom for high-potential pre-IPO opportunities