GREY:WFREF - Post by User
Comment by
Reflecton Mar 25, 2015 11:03am
195 Views
Post# 23559072
RE:With assets
RE:With assets3/25/2015: Filled my order of 43,000 @.70. I've reached my target goal & am satisfied with my avg. cost.
Tadig: Shorts - if you look at the major institutions & fund managers they were not scared off. Small investors who panic sold and judging by the vol. of trades & flatline sp that is coming to an end.
In any venture there is risk. LRE is trading 5x's below book value; has cut the dividend & is addressing the debt; strong mgmt. in place & is very well positioned on the road to recovery.
This oil slump has hurt just about every Cdn. oil company so do not be dismayed by those that preach doom & gloom. I see this as an opportunity. Where else can you buy a stock such as LRE with the potential of a great reward. Sure, there are companies out there with very good books but then again, look at their sp. Patience is needed & oil prices will soon be rising as will LRE.