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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 > the guy looked tired
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Comment by wilwalon Aug 08, 2015 2:27am
130 Views
Post# 23999930

RE:RE:the guy looked tired

RE:RE:the guy looked tiredIf this deal closes, MIE will control LRE.   While it is 43% or so....that's control. A widely traded stock will be controlled by 20-30% ownership.  That is why the Federal govt sets its foreign review at 20% because of control issues.

The good news is that the new controllers will make sure that LRE stays strong and survives this downturn in oil and NG.
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