Long Run Explor Ltd Ord WFREF

Howie.....

[aaaaaargh]

          To ignore a user, go into one of their posts, click on user actions.   Then click on "ignore user".   Unfortunately, lawmwcw is actually right about most of what he/she says.   It is just to bad that he/she has to take such a mocking undertone instead of using constructive structure.  
             To be fair though, some like reflect are just as bad on the other extreme of bullishness.   It is your choice whether or not to sift through the noise to find the information that matters.   I personally can see a little of both points.  
             I believe that Law is correct, that if oil does not go up sooner than later, LRE is in deep dodo.   They can sell assets to get some capital( for debt convenants), but it is not going to be at good prices when the company is on the ropes. 
             On the flip side, I believe that the reflect camp is correct that if oil prices do climb significantly, LRE is positioned to increase by multiples greater than many of their peers.    It all comes down to what you think is going to happen to the price of oil, and your risk tolerance.  
            NOTE:  I am NOT a current holder of this stock, but follow it as  I was a holder in Westfire for a time.   
              Sidenote:  Back in the day when WFE and Guide merged, Jodie Todie  and I stated time and time again that this growth by debt model was putting the company at significant risk...   I guess there is no more argument.....   All the best to those holding long, and hope things improve for my fellow investors....