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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 > There is no way the Titanic can sink
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Comment by Reflecton Mar 21, 2015 12:40pm
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Post# 23546905

RE:RE:RE:There is no way the Titanic can sink

RE:RE:RE:There is no way the Titanic can sinkC'on: I said I never purchased LRE for its dividend & so my goals are different but that doesn't mean I'm not long. It means I'm positioning myself & re-evaluating the situation. There is no question that this is long but there is always risk. Like I'm buying down instead of up.

For those that bought in the $5.00 range this represents an excellent opportunity to buy down, lowering their sp & more possibilities.

Should things proceed as I would like; oil & ng rises; LRE manages debt & reinstates the dividend; thus a payback as the sp grows. Long position - 6 months to 2 years.
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