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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 > off 10 percent of debt in 9 months
View:
Post by soundandfury on Nov 28, 2015 7:42pm

off 10 percent of debt in 9 months

how can you expect more than that????
Comment by Reflect on Nov 29, 2015 11:41am
"...At September 30, 2015, Long Run's net debt was $678.8 million and we were in compliance with all covenants, obligations and conditions of our credit agreement. Over the first nine months of 2015, Long Run has reduced net debt by $60.8 million as a result of disposition proceeds and funds flow from operations exceeding our controlled capital expenditures..." Read more at https: ...more  
Comment by cender on Nov 29, 2015 2:25pm
Revolving Facility  will be cut by $100 mil. in addition to forced payback of non revolving one .They will be forced to sell redwater viking , the only reliable money making asset left in this environment .  With only a few thousand barrels of high netback oil left and over $300 million net debt after selling best assets the banks will close this before april I would geuss given the ...more  
Comment by Reflect on Nov 29, 2015 8:14pm
cender: everything you say is so premature. You are just guessing without offering a shred of evidence - but anyways before there are any "Yikes" - the Marathon Maple deal will have to be concluded one way or another. Again, I cannot see MIE throwing away 10 million dollars for a joke because if they didn't want to make the deal they could have easily gotten out (if fact they wouldn& ...more  
Comment by howie65 on Nov 30, 2015 11:56am
I looked for earlier posts from you Cender. Could you clarify your position and if actually hold a position in the company? or are you the same as LOL? just not so condescending? If you hold a position you may be taken into consideration. With limited posts and negative criticism you appear to be bashing
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