GREY:WFREF - Post by User
Comment by
Reflecton May 26, 2015 2:29am
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Post# 23763703
RE:RE:Why Invest in LRE!
RE:RE:Why Invest in LRE!Shlinker buddy you are on the wrong board & my facts are absolutely correct. LTS & LEG both carry way more debt and are in disarray. Both boards continually curse their CEO & mgt. teams & Front Four is proposing a proxy war.
SPE produces 10,000 BOE/d & has 264 millions shares out – pays no dividend & has been a “PAPER LION” when it comes to growth. Renegade was forced to sell the best assets & the future production. Nobody buys garbage assets; they buy the best properties at the lowest prices. SPE is pumping their wells dry & will have to pay dearly for good properties (this is evident from the recent Surge deal) & that doesn’t guarantee anything. SPE is being pumped as a 30,000 BOE/d company & I can’t believe so many suckers are falling for it. SPE pays no dividend & has no growth. 500 mil investment to acquire properties is not out of line.
Do your dd Shlinker: SPE pumps out 10,000 BOE/d & has 264,000,000 shares – that’s almost 70,000,000 more than LRE & 20,000B0E/d less. SPE has dry land properties & LRE has valuable oil properties. Give your head a shake & invest in LRE & make money. There is no future with SPE. It is already oversold – what a joke 10,000 BOE/d paying no dividend with no valuable properties & people are buying SPE.
SPE sp is max. out & its just a matter of time when the big boys start dumping & who will get burned. It's dead money in Spartan Resources.