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Bullboard - Stock Discussion Forum 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 Discussion

Long Run Explor Ltd Ord > Forgot to mention that it doesn't help that
View:
Post by barneyj44 on Oct 06, 2014 11:23am

Forgot to mention that it doesn't help that

Sprott Resource Corp is a major shareholder, personally I am not a big fan of them.
Comment by sellthefarm on Oct 06, 2014 2:50pm
Do they have a lock up period on their shares, do you know?  If they don't a lot of this selling can be them covering redemptions right now.  When a fund has redemptions they sell a cross section of holdings to cover the redemption amounts.  
Comment by specboy2011 on Oct 06, 2014 10:16pm
LRE has a 20% payout ratio..Very low.They started divi at 3.25 a month then raised it to 3.5.One has to look at the big picture.All oils gas getting creamed. Funds selling or buying do not really care about the company.Just a name with a dollar amount........Screaming for a update or whats maybe wrong is ludricous.They are just as disturbed and wondering WTF is going on............As long as oil ...more