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Long Run Explor Ltd Ord WFREF

"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

Post by soundandfuryon Jan 03, 2016 3:06pm
183 Views
Post# 24426064

as time drags on???

as time drags on???this seems like it might take a long time to complete.................therefor i pose the question???   Are they delaying selling the company as long as possible to see where the price of oil will finally settle and possibly start to rise???   and the longer they can delay the closing the less amount of time the purchaser will need to wait to see oil prices rise again.   If i was lre i would definately put some sort of clause in the transaction that adjusts for the oil price @ time of closing as compared to the price when the deal was first struck   In other words the longer they can delay actually paying any money the better for the would be purchaser......................hehehe
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