Long Run Explor Ltd Ord WFREF

SECTOR TURNING plus NICE YIELD plus GROWTH PRICING

[PANTHERSunite]

Long Run Exploration has growth in its Financials. The Current price, The Current sentiment in this Sector, The Current Yield; Make this one very interesting situation!!!

[mikeymegabucks]

Whilst I agree this is a "very interesting" stock what is it that makes you think the sector is turning ? Everything I see makes me believe we have some more downside to go.  ie oil price and economic situation.

[KC8]

I agree with you sir.  The chart on this issue is one of the weakest in the sector in my opinion. In years gone by I used to sit on falling issues never pulling the trigger in hopes of a price reversal. Once a stocks 10 week MA crosses over its 40 week MA you just don't know where the bottom may lie.  You may get lucky and happen to buy at the bottom, but in most scenarios that

[specboy2011]

Check the chart on HEU.tell me whats different here than the sector?

[UppersDowners]

I agree and now we are down to $3.58 and no real support. 

[UppersDowners]

Closed at $3.62 which could have been worse. Where do we go from here? According to McCreay on BNN, LRE is in the middle pack of meeting their divi requirements at $80 oil and any more weakness could bring a divi cut.  Everyone said we were undervalued at $5.50 and we are almost $2.00 below that level. Our NAV was at $8.00 a few months back and if a buyer came in at $6 I bet we would take it.

[bowmacwood]

pretty much the same chart on two completly different securiites.    LRE is a didvidend paying business with assets.   HEU  is a double down derivative pile of paper.   I guess there is just so much oil out there sloshing around that we are in a massive unwinding of a leveraged trade hope it bottoms soon

[specboy2011]

My point with HEU was iut represents fairly accurately the energy stocks........Check out its holdings.Yes it rolls etc etc but is in essence a index but double.Notr goping to argue about it......What I do fund funny is talking heads pundits using every excuseo suit their needs.One day its the US dollar killing gold the next day its killing oil but gold is going up.Then they use the world demand

[UppersDowners]

specboy.....you could not have said it better.