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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

Comment by HamSandwichon Feb 12, 2016 2:09pm
118 Views
Post# 24553427

RE:A Yes or No decision, for eg.

RE:A Yes or No decision, for eg.
The thing is you have to know where you are in a commodity cycle and what the balance sheet of the company is and be realistic.

I mean I can see how someone who owns LSG.to might not be thrilled with their takeover earlier this week - they're getting a small premium at a time when the company has a great balance sheet and maybe they've bottomed out on the commodity price.

The price for crude sucks and there's no relief on the horizon.  LRE is going to go bust rather quickly the way things are shaping up.

Voting NO is just basically being stubborn and doing so out of spite .... I mean I get that on an animalistic level and humans act irrationally all the time.  But if you are that way with your money you are going to only screw yourself in the long run .... no pun intended bro
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