Long Run Explor Ltd Ord WFREF

Wait

[cowboysmith]

If you want great expectations, read the book Great Expectations. LRE is a great buy and great value, however. One must wait.  Wait.  LRE is not a short term play.  Before LRE can satify the shareholds needs, it must first address the needs of the Banks.  Site back and wait....2016. Not dead money...an investment. And no more posting by "losser" .

[mdaffin]

Great expectations, maybe unrealistic expectations. This recent run is all oil price and it is going back down as Iranian fleet heads back to port away from Yemen.

[flipher]

This post has been removed in accordance with Community Policy

[flipher]

This post has been removed in accordance with Community Policy

[JuniorInvestor1]

@Cowboysmith - I couldn't agree with you more! How long are you thinkg? August? October? 

[emmitt]

Patients juniorinvestor it will take a while to improve the balance sheet. I really hope LRE takes a strategic long term approach. If they pay down 100 million in debt this year as projected and continue at that pace next year, their debt ratio should be much improved by the second half of 2016.  I think a lot of the overpaying dividend companies have learnt a lesson thru this downturn

[JuniorInvestor1]

@Emmitt - Wow! Very well said! Thanks for your Foresight! I'm trying to make a strategic buy/exit becasue I am working with minimum wage savings... Any thoughts on Trilogy ?

[Reflect]

With Total Institutional ownership =46 % & Total fund ownership=16% which equals a total 62% I cannot understand how one can picture LRE as a growth only stock. Every stock has its own particulars & these companies are invested in LRE for the dividend return. Take Sprott for example, their average is 3.19/share. A very interesting point is when institutions were dumping their holdings in

[JuniorInvestor1]

@Reflect If there's one thing I know forsure  is that any stock in a 3rd world country is as good as nothing. Way to volitile! But LRE is looking quite delicious! lol

[emmitt]

I've never looked at Trilogy....but I will now. good luck

[JuniorInvestor1]

Thank you and good luck to you too!

[testfreak]

This post has been removed in accordance with Community Policy

[cowboysmith]

In two weeks we all get a peek at what is happening with LRE and the direction the company is going. Good news - expect some debt reduction. Not so good news - less dollars exploration than what every one is expecting. Will result in lower production. Wait - for those who want to complain. Expect to see a marginal increase in volumes...resulting in price going over $1.00 ..maybe. LRE is a good

[flipher]

This post has been removed in accordance with Community Policy

[baranja]

What do you mean "double in 1 year? LEG doubled in few month on this oil prices and few others too? This crashed close to 90% in 6 month, now it is going to "double" in a  year.  I don't get it.   Are you basing your estimates on Oil staying $60 for long long long long time? What is so good about this? In my book that would be one of worst investments in oil