GREY:WFREF - Post by User
Comment by
Reflecton Mar 09, 2015 12:37pm
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Post# 23502693
RE:RE:LRE is probably going...bankrupt
RE:RE:LRE is probably going...bankrupt
You are under the assumption tha LRE has little or no value. Take a look at their assets & production & diversity. Companies would love to get a hold of these assets.
It's obvious that there are those that would love to milk LRE dividends & have LRE use their line of credit to pay dividends & then seize the assets after driving LRE into debt. They are pissed that LRE is taking a frugal & responsible approach to debt mgmt. in this oil slump.
LRE has value & don't let anyone tell you different. There are those out there hoping to scare people into selling at a loss so that they can snatch the shares at rock bottom prices.