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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 > For April to December 2015, approx 70% of oil hedged
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Comment by Reflecton May 13, 2015 9:38am
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Post# 23723183

RE:RE:RE:RE:For April to December 2015, approx 70% of oil hedged

RE:RE:RE:RE:For April to December 2015, approx 70% of oil hedgedHedging is a natural ploy used by the vast majority of companies in the commodities field. Just because the oil slump happened didn't change that. If there were no oil slump & LRE had hedged would it even mean anything or draw attention. This is just blowing smoke & not every bbl. of oil that LRE produces is hedged.

The most important element here is that oil & NG prices are rising & as the old hedges finish new hedges & higher priced sales wil occur. Very, very important to LRE survival now & future success. LRE is positioning itself very well & I believe will show sooner than later.
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