GREY:WFREF - Post by User
Comment by
Reflecton Nov 17, 2015 12:02pm
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Post# 24297814
RE:RE:RE:RE:RE:CIBC/Nov17th
RE:RE:RE:RE:RE:CIBC/Nov17th
I definitely believe Long Run can rebound to $1.00/share as J. Schactner predicts with rising oil & NG prices. I don’t believe this will happen with the MIE deal. That is 100 million shares dilution (over 30% of added shares) but the real kicker is – the Chinese have shown themselves to be sleezeballs & have no face. They are a stench in the investment world & nobody wants to do business with the MIE group except for the pathetic old man (CEO Andrew) of LRE groping to hold onto his paycheck at shareholder sacrafice.
What really makes me laugh at these so called “experts” who to me are nothing but fools when they say:
“...The stock has an average rating of Sell and an average price target of C$0.88...”
https://dcprogressive.org/2015/11/03/cibc-lowers-long-run-exploration-price-target-to-c0-55-lre/
They on average recommend a sell & for you to take a huge loss & out of the other side of their mouths they say it has an average target price of .88 with a book value of over $3.00 – what a joke.
Easily LRE can jump to 55 cents (CIBC that's a no brainer) - just like that should LRE sell off some of their assets to pay down debt. As to the present situation concerning energy prices & the world glut - just about every company is stagnant. As far I can read, the Chinese are still building storage facilities 24/7 which now seems like this has been going on forever. Price increase will be slow & its going to be a while before stockpiles start depleting.