Long Run Explor Ltd Ord WFREF

Yield

[chintzy]

Is just under %18 here at 1.17 and testing that recent low of 1.15. Just half it again or get rid of it already so I can buy in with that issue out of the way.

[UppersDowners]

I say get rid of the divi and protect the balance sheet. The price of our shares might even go up. I rather have a better share price then a divi. Otherwise our only hope is for oil to finally put in a bottom. We have to be close.

[ppp]

IMO they won't touch the div till the hedging comes off.  By my back of the envelope calculations they are at about 50 mil CF with out hedges at todays price for oil and gas. 

[99999gold]

they should really eliminate it, thats 35m in the bank. this is the time to be prudent and clean up the balance sheet for the sake of shareholders.  Does 1.75c/share really matter to shareholders now that a ton of wealth has been wiped out? the market actually don't even believe that they can sustain it and/or telling them to get rid of it. that's why it keeps on trading lower

[ppp]

I agree, but that is not their model. IMO they want prove to the market they can pay a div through all price points in the market.  I bought some today when it held at 1.15. but I am waiting to see if it will hold for a few days.

[VentureCapital3]

The true is that they can not support their business with a WTI at 45$. At 45$ LRE can not support his debt. Perhaps, I don't think WTI will stay at 45$ for mouths and the hedging program will help to buy time. GLTA

[peplare]

Remember they are 44% oil + NGLs, the rest is Nat Gas Good to see Nat Gas up .17 this morning.3.10 On the oil side its not so bad if you were to average the hedged amount with the unhedged amount and say even a 50.00 WTI for 2015.

[VentureCapital3]

The conversion ratio is 6:1. So, a gas bbl equivalent has a value of 6 x gas price. When WTI was at 90$, the average revenue per bbl for LRE was around 60$. Now it is probably under 35$/bbl. 6 x 3 it is just 18$... the hedging will help!

[Sumcan2]

I would like to see them suspend the dividend till oil prices recover and maintain around $65-$70 WTI. and put the dividend money on reducing the debt incase this downturn lasts for a lengthy time and then reinstate the dividend. They may be able to support a dividend at this time with the hedges in place but if this downturn gets worse and lasts for a significant time then they will find

[VentureCapital3]

I have to agree with you on this. Also, the WTI is under 50$ and LRE forecast for Q1 is at 60$... so, much better to save as money as possible.