Post by
barneyj44 on Aug 21, 2014 1:50pm
Its too bad Longrun never participates when other oil stocks
have a bit of a rally, Whitecap ups over a buck a share combined with a divvy increase and equity financing, Surge up today and here we sit down again, do we need a shake up Calgary, sorry for the rant but other than the dividend Lre is an Ugly Duckling......
Comment by
bonjovi501 on Aug 21, 2014 3:06pm
We might be the ugly duckling but we will have our day again. Things IMHO have turned with our latest acquisition it is just a matter of time of getting things ironed out.
Comment by
barneyj44 on Aug 21, 2014 7:59pm
Lets hope so, just gets tiresome when you see all the other mid cap oil companies doing okay and we continue to flounder, paid to wait but losing capital is hard on the gut.
Comment by
Shlinker_ on Aug 21, 2014 8:17pm
and when we merged with Westfire Energy - it was a "lets just wait this out a couple quarters". Same thing when it was Galleon after they failed to sell the company. Just a couple more quarters. I can't believe I have 65% of my portfolio heavy this stock. Terrible investment. And its ok to rant, we all have a right too.
Comment by
barneyj44 on Aug 21, 2014 9:58pm
65% that's a fair amount to have in any company but I think you will do okay by this time next year, I have a fair position as well, just under water now that the stock has been beaten up lately. I have a feeling we must be bottomed so going to probably add some more tomorrow,,,,
Comment by
bonjovi501 on Aug 22, 2014 12:08am
I picked up a bunch of shares today at $5.20 and will continue to add at those levels and plus collect the divi coming up. Thats a double double I think and we all know that this stock can jump and fast it just that it goes down just as fast. Maybe sell some on the surges and buy it back on the lows. Seems to be the only way to make money on this stock.
Comment by
barneyj44 on Aug 22, 2014 1:11am
Yes that's exactly how to play this , keep a core position for the dividend and hopefully long term stock appreciation and trade the rest, it's worked for me in the past but lately I haven't been able to catch the bottom and losing money albeit a small amount (so far)