Long Run Explor Ltd Ord WFREF

qwqw calculation

[Karmanow]

qwqw I see what you did with your math. You included the $740m debt + the current market cap of .80 cents x 193m shares or $154m market cap = $894 divided by 35000 barrels per day = $25,500 per barrel for LRE. Our future as LRE shareholders will be determined by the price per barrel management can fetch for Redwater... To reduce the debt to 2x earnings...we will need to raise $340m from non core assets...lets hope management can get more than $25000 per producing barrel ... if they do not sell Redwater assets ... it appears we will have to wait until Q2 results come out and show a positive cash flow position since capex will be much less than Q1 money spent.

[qwqw]

Enterprise Value/Daily Production: EV/BOE/DAlso referred to as price per flowing barrel, this is a key metric used by many oil and gas analysts. This takes the enterprise value (market cap + debt – cash) and divides it by barrels of oil equivalent per day (BOE/D).

[Reflect]

At approx. 600 mil per 10,000 BOE/d with the debt - CPG paid $2.85/share. Using the same math LRE is worth $7.00/share. I've already proven market cap is a "manipulated" number & really has no meaniful application except to manipulate & distort true value. I've used SPE & RMP & can use many other companies as proof.  Another good example is Rock Energy

[thefabergegg]

you really need to 1) go learn how valuations work 2) take your meds 

[Reflect]

You stink so faberegg it make me puke. You are so gullible that even a seagull got more brains than you. The TSX is all about manipulation of numbers & Front Four from the USA is laughing. They realize how stupid & gullible Canadians are. In the USA they would be facing prosecutions for these tactics. In Canada the TSX is corrpupt & anythng goes. There is no  regulations. Play

[Reflect]

LEG is not bankrupt & that was the same case with RPL. LEG as well as RPL were paying the bills etc. All of a sudden they are in dire straits & whatever the buyer say that's that. It's all truth and the BoD of LEG capitulate & sell without even trying to look for a better offer. But there will be no better offer because nobody will outbid CPG & its creditors - take a good

[tsoprano1]

"What a joke market evaluations. Whatever CPG says, LEG mgt. agree & sell - that's how simple it is. CPG & the rest of their backers lay claim to LEG & they get it at the price they stipulate." The same thing is happening to Mart Resources. One minute it is undervalued and a steal, next minute we are lucky to get .80C in a buyiout. Half the shareholders are now under the

[Reflect]

I guess CPG  just gets 2,619 BOE/d for nothing. It's a freebee. The deal just got signed & hasn't been approved but wait, what does it matter. CPG says the deal based on Dec. 2014 figures & that is what it is. LRE is sure seeking the best deal; the best deal for CPG & not the small shareholders. Nice BackRoom Deal. Increased average production to 24,619 Boe per day

[ppp]

They didn't get free production LEG's production dropped that fast. check Q4 production was 27500 bbls Q1 24,619.  The only reason they showed an increase year over year is they bought a few companies and spent a Sh!t load of money

[Reflect]

PPP how you can twist the truth & distort facts when they are clearly written is beyond me, It is acomplete waste of time even talking to you.

[ppp]

Your DD needs to go deeper you are just skimming the surface. But you are right we need to put this to rest. Good luck

[ppp]

This what I feel LRE is worth. 40,000 per flowing 40,000 x 33,000bbls per day this is the high end of what they guided for 2015. Sale price 1.32 bil, take off debt 695 mil leaves 625 mil for the share holders. Shares aprox 200 mil leaves about 3 dollars a share This will not bring a penny more than 40,000 per flowing as it has to much gas.  Most likely less

[ppp]

LEG got 70,000 per flowing a fair price for mostly oil production. Their debt was increasing and their production was decreasing. So they did what they had to continue. Don't forget they didn't have hedges.

[Reflect]

At least you are more rational. I agree that at this time & I mean today LRE is worth 3.00 without a blink. Where I disagree with you is that the debt is increasing. LRE mgt. has taken steps & we investors are paying for it by dividend cancellation; no shares back buying or any other means to artificially increase a temporay sp which in the end never works. LRE mgt. has taken great steps

[ppp]

I never said LRE's debt was increasing. I said LEG's debt was increasing. I studied that company inside out. And they got a fair price they didn't need to get an other offer

[Reflect]

First I'm sorry - I was reading both your posts. But now explain to me how you can make such a statement when LEG never even tried to solicit another offer & yet you can arbitrarily say they got the best available. Like I said before; the word of God has spoken. As I understand it, LEG never even negotiated with anybody else. Secondly, how could they negotiate or even try to solicitate

[ppp]

High decline rates. LEG had production in Q1 of 24000 bbls average. When the deal was made the production was 22,000. this means production declined 10% iquarter over quarter. Plus they spent over 40 mil cap ex in Q1. This is why they got what they got.  Sure some of the best low decline rate water flood brings more money but Leg wasn't there yet. T

[qwqw]

Div payers like CPG tend to buy companies with  decline rates  below 20%. For Q1 CPG's div was eating up 75% of their CF,leaving next to nothing for capex.Big surprise their debt is rising fast.The last thing they need is a  company with high decline rates and no hedges.  A company with 20% decline rates needs half the amount of capex as a 40% decliner

[Reflect]

This is from LEG for March 31. 2015. ACCOMPLISHMENTS Increased average production to 24,619 Boe per day in the first quarter of 2015 (17 percent increase) from 21,092 Boe per day in the first quarter of 2014 Reduced operating expenses by $1.67 per Boe (11 percent decrease) to $14.16 per Boe in the first quarter of 2015 over the same period last year and by $0.41 (3 percent

[ppp]

Capx for 2014 over 800 mil, page 17 MD and A https://www.stockwatch.com/News/Sedardoc.aspx?docid=3331417 .  thats why the debt load was high. If CPG got such a smoken deal how come the share holders are pissed and the share price is dropping.

[tsoprano1]

Again, this is exactly what went down with Mart. First Energy came out and said in January that they were worth 1.30C and then the offering came in at .80C and all of a sudden FE is hired to give opinion and guess what? .80C was fine and dandy. So Reflects comments are actually happening in two places apparently. No other offer from anyone else even though they were worth so much more. Truly is a