Long Run Explor Ltd Ord WFREF

sprott has lost shirt on lre

[soundandfury]

sprott investment in lre is 154 million..............and to date they have realized 74 million .......................that is about a 50 percent return on capital invested.........................they got 8.8 million in dividends and realized through secondary offering in q2 2014  64.3 million.   Now they are leveraging the 75 million to pvurchase as many lre shares as possible before making buyout offer to acquire the company and move it into one of their private equity solely owned energy plays like
ONE EARTH OIL AND GAS.          Sprott owns about 12 percent of long run energy....................this is valued at about18 million dollars compared to the 70 million dollars sprott has not realized..........................they must be very unhappy......................rotflmao.

[Reflect]

sound and fury: I'm just not quite sure what you are getting at. Sprott has been & still is a long term investor in Long Run Exploration & the former Westfire & Guide. Sprott holds 23,000,000 shares of LRE representing 11.89% at an average of $3.19/share. I’ve mentioned a number of times before; I do not take my dividend & count it towards my principle

[barneyj44]

Reflect, as a long term share holder in Long Run appreciate your take.....

[wilwal]

Sprott's own Eric Nuttall is not recommending to buy LRE unless you believe oil price is going to $70+, in which case you can expect about $1.50 according to him.  Sprott knows this company inside and out (since they are insiders). 

[barneyj44]

Take anything Nuttall says with a grain of salt, when we were Westfire Eric was pounding the table saying the stock is a possible buyout and could fetch as much as $20.00. He seems too always be one step behind the curve....

[wilwal]

Analysts make statements based on a set of parameters.  Just because Nuttall said $20 at one time doesn't make his analysis bad.  He would have been making such statements on the basis of $110 oil and up, when everybody figured we were at "peak oil" and it was going to $200.   Now we know that the new normal is more like $55-75 because of tight oil readily availability

[Reflect]

Wilwal wonkey & his toonie farm hail their God & Snoteater mentor Eric the Nutcase. Wilwal wonkey & his winkey & Shlinker & his slinky & the Nutcase.

[Reflect]

This post has been removed in accordance with Community Policy

[Reflect]

ERic Nuttall said the same thing about Renegade. Don't sell Renegade over & over again; all over BNN & newsletters & Stockhouse & Stockchase. Over & over again Nuttall said Renegade Mgt. is doing a great job & the dividend is sustainable. Again, again he said - Don't sell Renegade. Renegade Mgt. is doing a great job - the dividend is absolutely sustainable. Suckers