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Bullboard - Stock Discussion Forum Long Run Explor Ltd Ord WFREF

"Long Run Exploration Ltd is engaged in the development, exploration and production of oil and natural gas in western Canada."

GREY:WFREF - Post Discussion

Long Run Explor Ltd Ord > If i have a sell order in below that 1.30
View:
Post by ninjadear on Sep 09, 2015 5:47pm

If i have a sell order in below that 1.30

Will it get bought or is MIE getting magically created shares?
I dont understand how the deal will help current share holders is all.. I mean is it more useful to hold the shares?
Comment by Iamwcw on Sep 09, 2015 5:59pm
This post has been removed in accordance with Community Policy
Comment by cender on Sep 09, 2015 6:59pm
if placement  happens then it is the beginning of a takeover  but MIE will wait for more desperation for the final offer , so unless oil magically recovers to $60  in next few months then no your order will never be filled   , check out spyglass and see how quickly covenants with banks are  enforced  - they must make $60 million sale of assets within 3 months , they ...more  
Comment by Reflect on Sep 10, 2015 1:34pm
Cender: your logic doesn’t make sense. Why would MIE invest 200 mil into LRE first. If the time were for a takeover bid it would be now. Unlike you, MIE isn’t fooled by the manipulators of the TSX. Cdn. Oil & Gas Companies are so undervalued on the TSX that it is a complete “farce.” The TSX should be investigated & brought to justice for allowing market manipulation but that is the way the ...more  
Comment by cender on Sep 10, 2015 6:16pm
tsx manipulated, yes of course - witnessed it first hand in Lundin today .... ng bright future is very debatable , i suppose you are hanging your hopes on LNG exports from north america , just two little problems with that 1) LNG world prices are dropping fast due to many many nations now starting exports and many new large fields discovered 2) Do you have any idea how many ng wells have been ...more  
Comment by Reflect on Sep 10, 2015 7:23pm
Wrong again: I am pinning my hopes on MIE who I believe know what they're doing. I can't see the govt. not approving the MIE & LRE deal. Look at the mess the Cdn. Oil & gas are in without competition. The major investment firms have free reign in manipulating the Cdn. Oil & Gas companies stock prices with impunity. The TSX is hopeless to do anything. I welcome foreign ...more