Long Run Explor Ltd Ord WFREF

Long Run is extremely undervalued

[forkliftguy]

Ross Healy , a stock market oldtimer like myself was on BNN market call tonight , Monday Jan. 5 . He had a lot of praise for Long Run and feels that with a reasonable rebound in oil prices , This company could be leading the pack . He basically puts a current value on the company of 4 dollars . I have watched Ross for many years on TV and he is one of the most knowledgeable people with views on the market . He also is very high on gold for 2015 because of the ridiculous debt levels of almost all countries including the U.S.

[peplare]

Trading at a massive discount to book value. BV is at about $5.25. FMV has come down a lot, but he still calculates the FMV at about $4. If there was any kind of a rebound in the price of oil, which he expects will be in 2015, it could be quite astounding.

[roge1]

agree about healy - one of the few good analysts on BNN. I bought Barrick Gold a few days ago and he that was one of his top picks. Good to hear he likes LRE too

[ILUVDIVIDENDS]

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[dailin]

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[farco]

Yes, and infrastructures to bring them are made of thin air.

[aaaaaargh]

Excellent, the next time I get my water bill, I'll phone them up and tell them that you said that the water should be free....lol....

[dailin]

This post has been removed in accordance with Community Policy

[farco]

If ... if.. If the price of oil maintain like this for all 2015, no valuation will save nothing. I don't want to be the doom & gloom man but by seeing how the industry is hammered, and how the offshore platform start to lay off employees, the sh*t stain on the fan will stay for a long time.

[99999gold]

in my opinion it's overvalued, it should be at zero.