Long Run Explor Ltd Ord WFREF

dividend

[canne]

I am in the camp that thinks the dividend will be cut or eliminated. This is going from badder to worst'est. I am sending out a plea for anyone with a working crystal ball to lead us through this mess. This is getting to be worse than 2008 and what makes it even worse is the US market keeps making record highs virtually every day. The world is changing when a gadget company is the most valuable company in the world (Apple)

[aaaaaargh]

I too am in the "must cut the dividend" camp. If LRE cuts it 100%, I will be buying for sure on the end of that day. They never should have started one to begin with, they should have been using that money to pay down debt....

[theman0]

Oh please, as if they would cut it 100%. First of all, there is likely no cut coming. and when did you join this "must cut the dividend camp"? What camp would that be? The only camp I see here are the Basher camp and the buy high sell low camp. You all might want to buy low (like now) and sell higher.

[99999gold]

how about sell what you have, then buy it back lower, save money or buy more of it. it'll likely go further down another 20% over the next few trading days. as for dividend, 20+% yield? are you kidding me, if they don't eliminate it, its bankruptcy. stop giving people bad advice.

[99999gold]

so you've come to your senses about dividend payments? 

[aaaaaargh]

yes, because the conversation all along was about "whether or not a company should pay a dividend?", rather then, "does a person who shorts a stock have to pay out a dividend to the person the borrowed the shares from?". You have your own category under the -mentally deficient- scale. I am still waiting for the answers to my post to you. I actually lost a good nights sleep over

[99999gold]

me stupid hahaha, thanks for the laugh - I actually made money on some of these oil stocks - yes short.  you still don't get it do you?  You own this stock because of the dividend nothing more, you didn't believe in its business, growth profile or care for how its business is run - if you did you wouldn't have invested in it - oh yeah right people like to get something for

[aaaaaargh]

Gotcha. Now you have a firm understanding how shorting and dividends work because you made money shorting a few oil stocks. Every time you say something, it actually has nothing to do with the original argument. Here is some more for you. Now you say I own this stock because of the dividend, and "if you did you wouldn't have invested in it". Reading comprehension is not your strong

[99999gold]

aaaaargh - you got me. I'm humbled, and feel stupid - you and everyone else on this discussion are right, you guys win. I ended up paying the div of 3.5c for a grand total of just over 5500, strangely enough though I didn't noticed it until I closed out the trade. I was more involve in my nat gas trade than this for a couple of weeks and has been a whirlwind and exciting good time, but

[Piperdown]

I have to chime in now. I have been on the sidelines reading the back and forth for a week or so now. One thing that needs to be pointed out is that 99999gold has been right about where this stock was heading 100%. He is not a basher, but pointed out the chances of this going lower due to pressured oil prices and a weak company balance sheet. I was in on this stock for the Nov. dividend, but

[Tommy123]

This post has been removed in accordance with Community Policy

[theman0]

I have no idea what 99999gold was right or wrong about, all I know is he will be wrong now.

[UppersDowners]

If oil falls any further the company starting next year will cut the divi along with many other companies but only as a last resort. As for oil I think we will go down more.