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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 > a Legacy of failure
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Comment by qwqwon May 28, 2015 10:34pm
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Post# 23776484

RE:a Legacy of failure

RE:a Legacy of failure
Another company with too much debt and very little oil hedges was
Penn West.They went one step further on the brainiac scale than
LEG and decided why hedge at $100 when you can hedge at $50.
 For Q2 they hedged 15000 bopd at $50 and for Q3 at $52.
The chairman from Penn just happens to be the old man from
the head of Front Four.
 
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