Long Run Explor Ltd Ord WFREF

The large short ...

[Ahkenahmed2]

is being forced to cover and close ... once again, this will move up.

AIMHO

Stay Frosty

I do believe there is excitement to be shared for those who have hung around and persevered.

[rivermoney]

Oil price doing great today. It's on it's way up. We may see $60 today

[KittFox]

Well, long way to go, still at 2.95 average.

[OneStar]

Something smells here. Oil is up over a dollar. Natgas is up. LRE is up 2 pennies. Does not look healthy if you ask me.

[baranja]

You know what smells here. Management. They were able to sucessfully chase away all good shareholders with their actions. Period. Nobody is trading this, like a third class stock.  

[cowboysmith]

Wait. LRE is not a short term play. the 2014 acquisitions were not the best buys from a production point. everyone will be pleased with LRE in 2016 when LRE starts up a meaning full exploration budget....assume oil prices have recovered.

[OneStar]

cowbowsmith: LRE has been a long term play for ever. Started as Galleon, changed name to Guide Exploration, merged with Westfire and changed name again to Long Run. Management at Long Run then decided to buy a gas property (Boyer) then parts of Crew and Crocotta. They become a dividend paying company and then stop paying a dividend. Now net debt is 739 million and they are scrambling to reduce the

[cowboysmith]

Wise words. The wrong people got the dollars on the purchase of Crocotta sale. LRE has good assets. Also, management does not have large enough of an interest in the company. Expect to hear about changes to management. They know....

[Box927]

I agree Onestar. It has been a messy ride. Paying a dividend and running up a huge debt at the same time never made sence. Weak management through out the entire process IMO.

[Ahkenahmed2]

@OneStar, yes, something smells, but it is not the company, even with its management, whom I find to be average - not bad, but not that great either, just my opinion, no, what smells, is how we the little investors, get fleeced.  What smells is that an entity targeted this little debt loaded company for termination.  However, the oil price did not make it to the supposed 10-20 range and