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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 > don't listen to analysts
View:
Post by madmax1970 on Oct 08, 2014 8:39am

don't listen to analysts

https://sleekmoney.com/long-run-exploration-given-average-rating-of-buy-by-analysts-tselre/33244/

I don't know about you guys, but I don't trust analysts and their ratings... you like the company? like the dividend, stick to it! 
Markets are shitty right now. all small caps are getting hammered not just LRE... eventualy this will turn over and once it those, the first stocks that will fly will be the oil and gas!
you've seen yesterday what happen. we touched 4.18. imagine when a week of good news...
Comment by bowmacwood on Oct 09, 2014 11:00am
The analysts I have read seem to like LRE.   My questions are as follows and I have yet to Analyze: Assume $75.00 WSC oil  $3.50  AECO  and 2.5% bench mark inerest rates (worst case): 1) Where is LRE's break even point? 2) Can LRE support it's DEBT? 3) When will LRE cut it's dividend  4) Can LRE manager take advantage of the problems of others or is LRE ...more  
Comment by canne on Oct 09, 2014 11:26am
There are a lot of moving parts here. LRE has hedged forward a good deal of gas sales as well as oil and the Canadian price of oil is not the WTI price. As well, with the Canadian dollar down, this is also an advantage for Canadian companies. We are in a full blown correction in resources (especially resource stocks) even as the American gadget and social media(advertising) stocks continue to go ...more  
Comment by ppp on Oct 09, 2014 11:37am
Based of the info below you can see LRG never got full prices for their production. SUMMARY OF QUARTERLY RESULTS (in thousands of dollars, except per-share amounts and as otherwise indicated) Three months ended Six months ended June 30, June 30, 2014 2013 2014 2013 Funds flow from operations $ 73,429 $ 63,227 $ 143,479 $ 111,871 Per share, basic $ 0.55 $ 0.50 $ 1.10 $ 0.89 Per share, diluted $ 0 ...more  
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