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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 syl3993on Mar 06, 2015 11:00am
382 Views
Post# 23497255

RE:seems like a small market cap 193 million for a company

RE:seems like a small market cap 193 million for a companyAbsolutely I agree, LRE will get through this. When this company first came across my radar a few weeks ago (before the dividend cut) I had to give my head a shake. Aside from the dept, this company is in very good position for the future. I didn't like the dividend because I thought the money could be better used paying down dept. Then they cut the dividend and I went cha-ching and decided to buy into the company. Management comments the other day only justify my decision to buy. They are positioning the company for the market we are in and as an investor, what else can I ask for. Strong buy is my recommendation for LRE.
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