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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 > Crescent Point acquisition
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Comment by wilwalon May 26, 2015 9:36pm
134 Views
Post# 23767519

RE:RE:RE:RE:RE:RE:RE:RE:RE:Crescent Point acquisition

RE:RE:RE:RE:RE:RE:RE:RE:RE:Crescent Point acquisition LRE is not managing the debt properly right now.  That is exactly why 1 million shares/day are puchased at 80 cents.  If they were considered to be worth $9 they would be purchased at $9.

Management is piddling around with debt.  They have to sell Redwater and Boyen.  Here is the problem with that though:  my industry experts tell me that my opinion on Redwater's value is higher than what it should be.  Sorry, that's what the experts say.  Redwater will have trouble fetching $300 million which will only put a decent dent in debt but not solve the problem after the loss of income in Redwater.

The company is caught in a very difficult bind.  Maybe they should just trade paper with Crescent for $9/share!   I will go for that!
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