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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

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Post by Frediboy on Feb 26, 2015 3:00pm

Take over

I heard  from a close friend working in the oil industry , that Tourmaline corp want to take over Lre.
Nothing sure just saying.
But if it ever hapen just remember who told you first!!!
Cheers
Comment by tvstock on Feb 26, 2015 3:52pm
I do observe something hapening. With Natural gas prices tanking like today, LRE should be below $1 if the bear case in early Feb continues.   Also observe strong bid in the debentures. At least the rumour is there. Thanks for your information. TOU's  size make the acquistion easy. However should that occur, TOU needs to flow new shares as not many room left in their credit line ...more  
Comment by aea257 on Feb 26, 2015 4:15pm
So if there was a buyout/takeover what would be the share offering we might get?
Comment by sunnysidetnc on Mar 20, 2015 9:21pm
Another, Tourmaline Oil Corp., paid $257-million in stock to buy out its partner’s interest in a prolific Alberta natural gas play. This quote just came in my news feed from my broker, could this partner be our LRE.?  If it is, what effect might it have? 
Comment by testfreak on Mar 20, 2015 11:30pm
this stock had a green day!!! wowzers
Comment by sunnysidetnc on Mar 21, 2015 7:59am
looks like it was PMT that Tourmaline bought with its stock. Made PMT 's sp go up anyway. >
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