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Bullboard - Stock Discussion Forum Long Run Explor Ltd Ord WFREF

"Long Run Exploration Ltd is engaged in the development, exploration and production of oil and natural gas in western Canada."

GREY:WFREF - Post Discussion

View:
Post by UppersDowners on Dec 12, 2014 9:41pm

Divi Cut ?

I would agree to a divi cut only if the money saved would be used 50% towards debt and 50% toward a share buyback. A divi cut needs to be done and soon.
Comment by specboy2011 on Dec 12, 2014 10:20pm
Share buyback.You guys are nutz.They are living on borrowed money.Its not that easy.They have debt needed to be repayed so they need money to pay the interest payments.Buying shares with money that is not yours not going to cut it.Yes cut the divi period.Bring it back when you can later if you can.
Comment by iwpete on Dec 12, 2014 10:47pm
How about a drip, at least I'll have more wall paper. Special note to management ...just don't give yourselves a raise!
Comment by 99999gold on Dec 13, 2014 11:38am
people here like to dream of scenarios - buybacks or takeover either will happen in the forseeable future.
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