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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

Long Run Explor Ltd Ord > Congrats Gold
View:
Post by ppp on Jan 26, 2015 7:31pm

Congrats Gold

Let me be the first to congratulate you.  You called a dollar,  Hell of a trade.
Comment by 99999gold on Jan 26, 2015 8:06pm
Thanks, I ran for cover I was afraid of the dead cat bounce tomorrow and needed all the gun powder I can to play apple on earnings tomorrow, all in all 85k worth of LRE to apple.  on a dead cat bounce I'd be dumping it 1.10-15, you won't see 1.20 again if you do it'll be brief so sell on strength. Forget about all the insider buying doesn't mean anything, lipstick on a pig it ...more  
Comment by bigbird456 on Jan 26, 2015 8:22pm
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Comment by 99999gold on Jan 26, 2015 8:34pm
RRX indeed do a bought deal and have you seen where the stock is at since then? That's a well manage company and with a growth profile to support it and min debt (< 1x cash flow).  It has support at 6, don't know about upside but higher from where it is today I hate calling tops but I would say 10-11 if oil rebounds but it's not even well known out there so it's quietly ...more  
Comment by bigbird456 on Jan 26, 2015 8:48pm
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Comment by 99999gold on Jan 26, 2015 9:05pm
and yet the stock is at $2? why not 3/4/5/6  1.2b in cash yes they do have that and that's =2.25/30, how much are they producing now? not 30k barrels a day. It's not all roses with that company that's why the chinese back out right - anyways don't care for it, you do because you've got a position on it. The easy short on it has already been made so no point for me to do ...more  
Comment by bigbird456 on Jan 26, 2015 9:11pm
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Comment by bigbird456 on Jan 26, 2015 9:13pm
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