Long Run Explor Ltd Ord WFREF

uptick...dividend buying

[Carlos66]

Eric Nuttall says better ROE elsewhere & wouldn't buy it.

carlos

[VENMan]

yeah like he knows. On paper yes Mr. Nuttall is right you would think that a company that has $100 million to spend and uses $20 million to pay a dividend and $80 million on drilling would grow faster and show a better ROE than a company with $100 million to spend and uses $50 million to pay a dividend and $50 million on drilling. Oh if only it was that easy. In reality many times the company that

[drifter2]

Venman....your comments cannot be seriously considered when you erroneously connect Eric Nuttall with Sprott Resources....he is with Sprott Asset Management as advised  recently by another commentator on this board.  Check facts, man!  Useful information is widely appreciated.

[VENMan]

Drifter2, I never said Eric Nuttall was with Sprott Resources. I said His Teammates at Sprott Resources, must like LRE or why else are they here holding millions of shares. You're right Eric Nuttall is with Sprott Asset Management not Sprott Resources.   Best of Luck to all Shareholders.   

[Shlinker_]

Looks like we are now resorting to luck with this equity VENman. Not participatng in this years oil/gas rally. Next quarter right guys?

[OneStar]

Water finds its own level eventually. With cashflow to be around $2.30/share and the waterflood upside that in Redwater and Girouxville will give us lower decline cheap production and reserve adds. This will increase the free cash flow quite a bit. It is all coming together for LRE. I think after the next two qtrs are out we will be at a double today's price. Also some interesting predictions

[barneyj44]

We also have around $1.3 Billion in tax pools that have to be worth something, it would however be nice to participate with the Surges and Whitecaps one of these days.

[TisGrandpa]

This post has been removed in accordance with Community Policy

[OneStar]

Due my excitement I did make some mistakes in my earlier msg. First: The waterflood upside that in Redwater and Girouxville will give us lower decline cheap production and reserve adds. The OOIP  there is around 700MMboe. This should read: The waterflood initiatives in the Viking and the Montney plays will give us lower decline rates, cheap production and cheap reserve adds. Possibly an

[barneyj44]

Funny back in the day when we were called Westfire Eric said we were a table pounding buy and could see a $20 per share buyout, he's pretty fickle...