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Long Run Explor Ltd Ord WFREF

"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

Comment by Reflecton May 26, 2015 1:25pm
93 Views
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:
"
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.
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