RE:RE:RE:RE:Wait
With Total Institutional ownership =46 % & Total fund ownership=16% which equals a total 62% I cannot understand how one can picture LRE as a growth only stock. Every stock has its own particulars & these companies are invested in LRE for the dividend return. Take Sprott for example, their average is 3.19/share.
A very interesting point is when institutions were dumping their holdings in other tier 2 oil stocks, institutional ownership in LRE increased 26% in Jan. 2015.
Maybe that can explain some of the finicky sp of those other stocks but can they survive without their debt coming back to haunt them.
LRE represents stability & has institutional confidence of the major shareholders - unlike so many other small & midcap cd. Oil companies.
A dividend will be reinstated, when – well that depends on the price of oil (benchmark $75/bb/) & NG to follow.
https://www.msn.com/en-ca/money/stockdetails/fi-127.1.LRE.TSE
https://www.gurufocus.com/ownership/WFREF
https://www.sprottresource.com/investment-portfolio/long-run-exploration-ltd/
JuniorInvestor1: With ninimum wage savings - stay away from penny stocks & especially 3rd. world country investments. They are 3rd. world for a reason & laws there etc. are in the end meaningless. There is for the most part no way to verify anythng in these 3rd. World countries & scams, bribery, lies, deciet, riots, revolution etc. are the norm.