Long Run Explor Ltd Ord WFREF

There is no way the Titanic can sink

[hallgg]

For that is what you guys are saying. I reading all you guys post saying when the oil prices are going up and someone is going to take us over. What the heck are you guys seeing that I am not? This is what I see. 1) Nov. 3/14 sp $3.64. 2) Dec 1/14 sp $1.79. 3) December 24/14 They did a pr and they announce that the dividend was safe for 2015 and the sp hit $1.59. 4) Jan 29/15 sp hit $1 5) Feb 9/15 sp hit $1.35. Then low and behold they cut the dividend. What first its safe now its not in 2 months? 6) Mar 2 sp $1.12 7 days now its being trading high $0.65 and low $0.75. Now all you pros are calling the bottom and are partying at a gain of pennies. Instead of looking at rig count and all the other useless info right now and look at the co. and what are they doing for they are going to please the debt holders and do not care about the equity holders. The management still will take their high salaries and options and bonuses.

[Reflect]

Hallgg you're predicting: Since the July highs oil has been falling & then in October the falling prices really hit - just maybe that could explain the falling share prices of so many stocks as investors dump & run for cover. Oil, NG & NGL are non-renewable resources & the world is consuming them at ever increasing rates. Just a rumor of building a liquification plant can

[goldenegg]

tell to that to guy that is long from 5.  remember folks this is a guy who said he's long in the short run - meaning he's going to buy and then dumped once he gets his 25% or at $1.00  he bottomed picked and now he needs validation for his beliefs & theory. 

[Reflect]

C'on: I said I never purchased LRE for its dividend & so my goals are different but that doesn't mean I'm not long. It means I'm positioning myself & re-evaluating the situation. There is no question that this is long but there is always risk. Like I'm buying down instead of up. For those that bought in the $5.00 range this represents an excellent opportunity to buy

[hallgg]

My point is I do not think that this has bottom yet. I can not trust what management has to say anymore. I believe this is a value trap at these prices. Unless they dump something in value just to keep the debt holders at bay then you will see a small and a short time sp rise. The Penny Vultures are now circling and are setting up playing with this. I am waiting to do the same thing myself. I will

[flipher]

This post has been removed in accordance with Community Policy

[iwpete]

a better analogy to the titanic would be wcp.   WCP trades at a valuation of like $100,000 per flowing barrel

[goldenegg]

the chart that I provided yesterday where I highlighted 77-81 as a range where that dead cat bounce will top out, I'm sticking to that range. After that is reach of course I would expect that it gets sold off again and a 50% possibility it dips below 66 or at 66 is in fact the true support but I'm looking at it from the point of view of in the money short position. @hallgg yeah not a bad