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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 > I smell good news coming soon.
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Comment by wilwalon Jun 10, 2015 9:52am
188 Views
Post# 23815097

RE:I smell good news coming soon.

RE:I smell good news coming soon.I am sure we all want good news.  Today, it is oil prices that is the good news.

It is trading classically for a stock whose price is highly leveraged on the price of the underlying commodity.   If you see a 2% oil price gain, then the stock gain should be a multiple of that.  At the moment, it is almost 7%.  That's how the stock will double if oil rallies over $70.


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