GREY:WFREF - Post by User
Post by
northwestcoaston Mar 15, 2015 9:11pm
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Post# 23523809
catalysts, opinion only
catalysts, opinion onlyFed meeting on Wednesday. Every sector will dip again. Oil price hasn't finished dropping yet. Closer to Q2-Q3 energy stocks will have found firm bottom and will be rising. LRE is not going, and will not go out of business. Opinion only. I trust the management. I like our assets. I feel confident it will stay around a dollar as a LRE bottom after the next month of volatility. I think that any major catalyst for increase in crude price will lift it off that bottom and by Q3 Q4 this will be back above what I paid for it. There will be such a catalyst, no doubt. I have 10,000 shares at 1.532. I have other plays I day trade on. For me its not worth selling this one under 1.65, so I won't. Just my opinion. I am quite confident in this company. Their debt versus assets isn't something I'm worried about. I do plan on buying more if this gets to 0.67.