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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 > The large short ...
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Comment by OneStaron Apr 29, 2015 11:06pm
185 Views
Post# 23678998

RE:RE:RE:RE:The large short ...

RE:RE:RE:RE:The large short ...
cowbowsmith:
LRE has been a long term play for ever.
Started as Galleon, changed name to Guide Exploration, merged with Westfire and changed name again to Long Run.
Management at Long Run then decided to buy a gas property (Boyer) then parts of Crew and Crocotta.
They become a dividend paying company and then stop paying a dividend.
Now net debt is 739 million and they are scrambling to reduce the debt by selling assets.
In the process we now have a penny stock.
I am tired of waiting. As far as I am concerned we should focus on the stockprice and nothing else. This is the only thing that matters.
The commodity pricing is the same for all companies and cannot be the sole excuse.



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