Post by
Ahkenahmed2 on May 06, 2015 6:22am
Oil ..
Is now trading at 62 bucks. A far cry from just a while ago and enough that LRE should be trading fairly at 2.50 + .. Can shorty feel the squeeze .. ?
HUH? CAN U FEEL THAT SHORTY ? EH ?
HOW much longer you wanna shovel those 5k share blocks to me for 94 cents ? keep em comin'
eh? what's that ??? cant hear ya
Comment by
Reflect on May 06, 2015 2:07pm
Ahk2 I would also buy more if I wasn't tanked out. Talk about over-reaction; the good news oil over $60 & NG pushing $3. We won't be waiting til' 2016 to get our rewards for patience. Fall 2015 & we shareholders of LRE will be laughing. I said it before & I'll say it again; only a fool would short LRE.
Comment by
fahad92 on May 06, 2015 2:20pm
what is your prediction on the share price in fall 2015 and summer 2016 for LRE? I always said this is worth around 2.50$ and with oil being over 60$, I say it is just a matter of time since we start seeing 10-15% gain a day until we get to its respectable value
Comment by
emmitt on May 06, 2015 3:47pm
We need a recovery in natural gas prices to see some real price appreciation. So much of the discussion on this stock is based on oil prices. Over half of our production is natural gas. I think a rebound in natural gas prices will be a catalyst for this stock.
Comment by
pp19888 on May 06, 2015 4:07pm
That doesn't make any sense, this was falling hard when oil was going down now you want watch out for the gas price to see sp move higher. Even at current natural gas price this shouldn't be at this level. See the numbers when quarter numbers will be out. only shorts keeping this down!!!!!
Comment by
emmitt on May 06, 2015 4:31pm
Yes it makes total sense. When a companys production is split between natural gas and oil both comodities will have an impact on the share price. Oil has climbed recently and so has LRE share price. If natural gas prices were to rebound as well we would see a greater share appreciation.
Comment by
pp19888 on May 06, 2015 4:35pm
55% production of natural gas is hedge above $3!!! Once quater reports out you would see avg ngl price they have sold which wont be current price.
Comment by
emmitt on May 06, 2015 4:40pm
Their gas and Oil are hedged thats common knowledge. I think your really missing the point. I'll end it here, I think your same fella who thought that our production was higher then LTS,, the same fella that said on another board that I wanted a management change in LRE( which I've never said, you seem all over the map. Good luck to you.
Comment by
pp19888 on May 06, 2015 4:52pm
As per LRE last filing production was 36,000/day and LTS recently reported 35,000/day. Do your DD!!!
Comment by
emmitt on May 06, 2015 4:36pm
almost forgot..short positions have decreased approx 30% from April 15 to April 30th. Shorts have been coming off for a while. We needs the combo of stronger natural gas prices, oil prices and smaller short positions. We have just focus on one or the other.