Long Run Explor Ltd Ord WFREF

doesn't look right....

[can1]

Closing below 4.00 is a crucial point. Something is definitely up, They sold prime westfire properties and now they are releasing zero news. No drilling information, production etc. With the share price below 4.00 and total silence, I smell a serious problem. What are they hiding?  Was this a merger to hide problems at Guide?

  Silence is never good...... this stock broke major support.    What stink are you masking Sprott&Mr.Andrews??

[barneyj44]

Any chance a buyout is in the works, saw the same thing happen to another oil company I held ,forget the name had good results but the share price kept sliding and sliding until the buyout came, at least it paid a dividend so it didn't hurt as much. Sprott Resource Company who are one of the major share holders recently started paying a dividend and I'm thinking they have to get there

[can1]

My bet is that Guide was such a mess that they needed to merge it to help clean up the balance sheet. All the signs are there. No news,results,production figures,flow rates on new wells etc etc. They sold off the prime westfire assets also. With all the key westfire people either severanced off or quiting, this could be a disasterous quarter. I think the smart money is running for the door

[JohnJBond]

In my view, this one has come down because people tend to focus on the share price, and not the fundamentals.    A decline in share price tends to lead to a further decline in share price, until such times as all the light weights are out, and the price starts to climb once again.............then the process starts anew, this time in reverse. There is always fear in the market

[barneyj44]

I agree with your view on the oil glut but with around 6 million shares traded in the last 20 days I wouldn't think those are light weights removing positions. Lre is actually getting more than $85 per barrel, below is an excerpt  from there Nov. 15 2012 update. Hoping for better days ahead. As part of our ongoing risk management program, we have recently entered into a number of new

[can1]

This stock is heading for a new 52 week low and fast. It is becoming very clear this was not a merger of equals! This has become a case of Sprotts favorite son Bill Andrews was put in charge of a newco  after he couldn't figure it out at Guide.  Lets take a well run company with boring management and merge it with our leverage happy son. Than....lets remove our boring children who