GREY:WFREF - Post by User
Comment by
Reflecton May 26, 2015 1:25pm
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Post# 23765575
RE:RE:RE:RE:RE:Why Invest in LRE!
RE:RE:RE:RE:RE:Why Invest in LRE! Wilwal just in case you want to deny your comments here's what you said:
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If Redwater was sold on the basis of the above, it would not only solve the debt problem, but also the dire working capital deficit too.
Read more at https://www.stockhouse.com/companies/bullboard/t.lre/long-run-exploration-ltd#cVKefYQim7jyGpmH.99
I believe Redwater is easily worth that & more as oil prices increase.
Renegade sold off assets cheaply because they were forced to & now Spartan Energy had no future. Just to put things in perspective I have been against LTS selling Bakken for a song because I know once the assets are gone - the company's future is gone.
As to Srpott; Sprott got out of SPE - they realized its dead money just sitting there in a little company with no growth potential. Fidelity Trust a subsiduary of an American Company must be shaking their heads - no monies coming in for their investment & no future growth. To make SPE feasible it would have to double production from 10,000 BOE/d to 20,000 BOE/d.
Explain to me how this can be done without an investment of 500mil plus.