Long Run Explor Ltd Ord WFREF

Oil Market

[maurizion]

Speculators are running the show in the Oil markets  Nothing new about that.
Oil was $90 one month ago
Have conditions changed that much in a month?
I think not.

[patenright]

agree, it is disgusting the damage hedge funds, speculators and naked shorters can do to a sector. I own LTS, added to it today as well as CPG and BTE and took a new position in LRE at 2.81 today. The valuations on these stocks ( especially LRE and LTS are just truly laughable and you just have to shake your head at how the market can get it so wrong. Anyway I am a long term investor who doesn'

[sparta05]

Short term, prepare for a slaughterfest. Some Technical Analysis technicians (Rick Ackerman) are see a bottom of $56 oil before any rebound begins. And Rick Ackerman is a smart dude, it IS possible. If it does happen i would load the boat on well run oil companies (not necessarily LRE)

[UppersDowners]

we just can not get a break today as other companies rally and we are stuck in the mud.  Go figure.

[patenright]

rick ackerman lmao please dude too funny

[patenright]

predictions like 56 now mean we are very near to a bottom

[bossu]

Condition has change a lot:The Saudis have opened the valve , first to get Putin off guard and to hurt him while helping the world economy around the globe. I think we are better in the gas market and gas producing company.!!

[JohnJBond]

The only thing that has changed is some local excesses in land locked parts of the US caused by recent high levels of horizontal drilling (wells that have 50% decline rates over their first year of production). Take a look at global oil demand, and global supply to get a better idea of actual oil supply and demand dynamics. There's a reason the Saudi's dont' want to cut production