Post by
UppersDowners on Oct 08, 2014 3:14pm
Thats The Way
Article on Seeking Alpha state we should be at $8.00 compared to other oil companies and yet we are at C$3.95 and paying a divi over 10%. So where does that leave us? If only we went up as fast as we came down with our share price. So many people on BNN saying that we are a fantastic deal or should I say a value play at over $4.00 yet we are lower. I doubled my position this morning and will add more on weakness as LRE is so undervalued it stinks. Picking up Crocotta makes LRE even better long term. One thing is for certain and that is when a oil stock is sold it is sold close to market conditions and if LRE was sold tomorrow it would fetch at least C$7.00 or C$8.00
Comment by
UppersDowners on Oct 08, 2014 7:40pm
Good bang for your buck here and sure I would take $6.50 also just to get out of this mess for a while.
Comment by
specboy2011 on Oct 08, 2014 10:46pm
You guys notice the rebound in gold stocks today? When it turns for energy will be similar I think.Need oil gas to stabilize then its back up.Powers to be right now want oil lower and NG marches to its own drummer
Comment by
azurefields on Oct 09, 2014 6:46pm
Yeah. Im not selling and Im going to buy more in another week. This is a temporary lull and it will jump back up shortly. Read this: https://finance.yahoo.com/tumblr/blog-lagging-small-caps-are-no-reason-for-panic-214022425.html