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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 Valuation
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Comment by JonComon Feb 22, 2015 10:53am
398 Views
Post# 23452400

RE:RE:RE:RE:LRE Valuation

RE:RE:RE:RE:LRE Valuation
We are all at the mercy of the market right now. Until WTI rebounds, it will be difficult for any company to clean their books up. All LRE can do in this environment is boost efficiency, try to lower operating costs, and strategize for how they will take a large chunk out of their debt when WTI rebounds. If WTI does not rebound, all these companies will be in big trouble (and so will my TFSA haha!).

However, I do expect oil to rebound by year end. The question is what they will do when it does, because that is what is going to send our share price up.
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