GREY:WFREF - Post by User
Comment by
Reflecton May 16, 2015 9:34am
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Post# 23735785
RE:A Share Deal could be possible?
RE:A Share Deal could be possible?Interesting numbers since LRE is still trading 4.5 times below book value. Many are saying the US dollar is gong to fall so Cdn. value should increase. LRE debt under the present strategy is manageable & oil & NG prices will continue to rise.
A share deal under the present & pending forecast would only be possible with Sproatt & Franklin resources agreeing & your number around the $5.00 mark could be a very real possibility. But then again, if one sees oil at $120 & NG over $5.50 in the near future (say 2016) I don't think $5.00 will cut it.