Long Run Explor Ltd Ord WFREF

shorters dream

[qwqw]

-margin calls (traded under $3)
-unmarginable companies (aka LRE) are the first to be sold when the broker calls.
-Disgruntled former Crocotta investors
-analyst's favorite punching bag
-no insider buying for last 2.5 months
-no issuer bid (even LTS has one)
-tax loss selling
-potential div cut
-Sprott factor
-panic selling,leading to a vicious cycle and a self fulfilling prophecy
-uncertainty about everything
-too much debt,too much oil,too much gas,basically too much everything
I'm surprised the share price isn't down to a buck after the perfect storm for the shorts.
The shorts may be winning the battle,but the war is far from over.

[JohnJBond]

All those short sales are buys waiting to happen. When the share price turns, watch those short holders step over each other to close out their position by buying. I'm still wondering about a possible take over.    A large short position is to be expected for all the "perfect storm" reasons, but is also consistent with a takeover. Time will tell.

[PUNJABI]

You did not miss anything which has caused the decline in share price. The whole sector is being shorted based on weak oil prices & outlook. Actually the short position on this stock is relatively very small. Some oil stocks have much bigger short positions. Even Oil ETFS have much bigger short positions even when they carry a better basket of stocks. For example XEG big ETF with $707 m in

[99999gold]

PUNJABI wrote: You did not miss anything which has caused the decline in share price. The whole sector is being shorted based on weak oil prices & outlook. Actually the short position on this stock is relatively very small. Some oil stocks have much bigger short positions. Even Oil ETFS have much bigger short positions even when they carry a better basket of stocks.

[Thanksforplaying]

I agree with this completely.  Lre is the first stovk guys would sell to buy more of bigger tier oil companies. but at some point one has to say enough is enough.  At a buck this has a 200 mil mkt cap!  They aren't going bankrupt in the next few years ( unless oil stays down here for 5 years which it won't) you ou would think at some point someone would love to swolllow