Long Run Exploration

LRE-T

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about LRE-T

Signal
Opinion
Expert
SELL
SELL
February 12, 2015

Doesn’t think we have seen the end of the downside in commodities yet. Because of this, there is potential downside in the stock. They stopped paying a dividend. They are now left in a situation where they are going to be forced to sell assets to make sure the balance sheet doesn’t get too out of control. Doesn’t think this is the right company to be in, in this environment.

Doesn’t think we have seen the end of the downside in commodities yet. Because of this, there is potential downside in the stock. They stopped paying a dividend. They are now left in a situation where they are going to be forced to sell assets to make sure the balance sheet doesn’t get too out of control. Doesn’t think this is the right company to be in, in this environment.

Swanzy Quarshie
Portfolio Manager, Sentry Investments
Price
$1.150
Owned
Unknown
COMMENT
COMMENT
January 20, 2015

This is 55% gas. Roughly 20% hedged at $93 this year. Dividend is not safe.

This is 55% gas. Roughly 20% hedged at $93 this year. Dividend is not safe.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$1.250
Owned
Unknown
COMMENT
COMMENT
January 5, 2015

Trading at a massive discount to book value. BV is at about $5.25. FMV has come down a lot, but he still calculates the FMV at about $4. If there was any kind of a rebound in the price of oil, which he expects will be in 2015, it could be quite astounding.

Trading at a massive discount to book value. BV is at about $5.25. FMV has come down a lot, but he still calculates the FMV at about $4. If there was any kind of a rebound in the price of oil, which he expects will be in 2015, it could be quite astounding.

Ross Healy
Chairman, Strategic Analysis Corp
Price
$1.460
Owned
Unknown
DON'T BUY
DON'T BUY
December 11, 2014

Not one he is watching because it has too much debt. It is on red flag zone. Focus on companies with a strong balance sheet.

Not one he is watching because it has too much debt. It is on red flag zone. Focus on companies with a strong balance sheet.

Teal Linde
Portfolio Manager & Publisher, Linde Equity Report, Linde Equity Report
Price
$1.270
Owned
Unknown
SPECULATIVE BUY
SPECULATIVE BUY
December 1, 2014

A parent company of the guest is a very large shareholder. People are concerned since it is trading at a 19% yield. They may have to realign their divined and cap X programs. Prefers others that can profit at $70 oil. If you think we get a rally in 2015 they may do well from here.

A parent company of the guest is a very large shareholder. People are concerned since it is trading at a 19% yield. They may have to realign their divined and cap X programs. Prefers others that can profit at $70 oil. If you think we get a rally in 2015 they may do well from here.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$1.790
Owned
Yes
COMMENT
COMMENT
November 19, 2014

Extremely high dividend yield of 14%-15%. The company has to do something if the model is not sustainable at these prices. Balance sheets get destroyed and may be having to sell things to pay down debt. If they stopped paying the dividend, he would probably look at this company. They are trapped in this game of having a free lunch in the energy business. His guess is that they are going to sell assets to try to stay sustainable.

Extremely high dividend yield of 14%-15%. The company has to do something if the model is not sustainable at these prices. Balance sheets get destroyed and may be having to sell things to pay down debt. If they stopped paying the dividend, he would probably look at this company. They are trapped in this game of having a free lunch in the energy business. His guess is that they are going to sell assets to try to stay sustainable.

John O'Connell, CFA
Chairman and CEO, Davis Rea
Price
$2.730
Owned
No
COMMENT
COMMENT
November 12, 2014

Took a position about 6 months ago. Showed up really strong on his models as having a good valuation and momentum. Energy stocks in Canada are under pressure and have no momentum to them. Doesn't expect there will be a quick change to this. There is a possibility this could have difficulty in sustaining its dividend, especially if energy prices continued to be under pressure.

Took a position about 6 months ago. Showed up really strong on his models as having a good valuation and momentum. Energy stocks in Canada are under pressure and have no momentum to them. Doesn't expect there will be a quick change to this. There is a possibility this could have difficulty in sustaining its dividend, especially if energy prices continued to be under pressure.

Brendan Caldwell
President, Caldwell Securities
Price
$2.980
Owned
Yes
COMMENT
COMMENT
November 6, 2014

Although he doesn't own this, his company has contemplated making flow-through investments in it in the last year. A relatively simple story to understand. They’re Peace River, Arch, Montney, Redwater and Viking. They pay a dividend. The yield on the company is fairly high, which is probably reflective of some scepticism that they can maintain a dividend. All the body language he has seen from the company is that they would rather throttle back on CapX then do anything to their dividend. He thinks the dividend is relatively safe, although he can think of safer yielding plays.

Although he doesn't own this, his company has contemplated making flow-through investments in it in the last year. A relatively simple story to understand. They’re Peace River, Arch, Montney, Redwater and Viking. They pay a dividend. The yield on the company is fairly high, which is probably reflective of some scepticism that they can maintain a dividend. All the body language he has seen from the company is that they would rather throttle back on CapX then do anything to their dividend. He thinks the dividend is relatively safe, although he can think of safer yielding plays.

Mason Granger
Portfolio Manager, Sentry Investments
Price
$2.860
Owned
No
COMMENT
COMMENT
November 5, 2014

Owns a small amount in some of his portfolios. A balance between oil and gas. High dividend, north of 15%, and he doesn't think it is sustainable. Stock is down significantly. Lower growth rates in some of the other dividend payers.

Owns a small amount in some of his portfolios. A balance between oil and gas. High dividend, north of 15%, and he doesn't think it is sustainable. Stock is down significantly. Lower growth rates in some of the other dividend payers.

Dennis da Silva
Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.
Price
$2.950
Owned
Yes
SPECULATIVE BUY
SPECULATIVE BUY
October 23, 2014

Had previously recommended this, but was basing it on $96 oil with a very reasonable debt (?) to cash flow at 1.5, and this was a very cheap stock. Now with present oil prices, you're going to have a payout ratio of about 143%, which is average, but still higher. Debt to cash flow isn't too bad of about 2.4 versus 3 for the group. For somebody who doesn't mind taking on a little bit of risk, it is probably fine here.

Had previously recommended this, but was basing it on $96 oil with a very reasonable debt (?) to cash flow at 1.5, and this was a very cheap stock. Now with present oil prices, you're going to have a payout ratio of about 143%, which is average, but still higher. Debt to cash flow isn't too bad of about 2.4 versus 3 for the group. For somebody who doesn't mind taking on a little bit of risk, it is probably fine here.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$3.600
Owned
Unknown
DON'T BUY
DON'T BUY
October 17, 2014

120% payout ratio. They could dial back Cap-X spending. The price of oil would have to stay back for a couple of years in order to cause a dividend cut.

120% payout ratio. They could dial back Cap-X spending. The price of oil would have to stay back for a couple of years in order to cause a dividend cut.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$3.570
Owned
Unknown
COMMENT
COMMENT
October 15, 2014

People have to understand that a 12% yield on an oil/gas stock is not necessarily a big fat yield. If it were a much more stable company, that would be a no-brainer. In oil/gas, you should never go above 8% on the smaller companies. A slight change in their commodity can really make a big difference in the cash flow, and therefore their dividend. Watch the payout ratio and watch the debt. If you are comfortable with those 2 things and oil prices, then you are probably okay.

People have to understand that a 12% yield on an oil/gas stock is not necessarily a big fat yield. If it were a much more stable company, that would be a no-brainer. In oil/gas, you should never go above 8% on the smaller companies. A slight change in their commodity can really make a big difference in the cash flow, and therefore their dividend. Watch the payout ratio and watch the debt. If you are comfortable with those 2 things and oil prices, then you are probably okay.

Fabrice Taylor
Publisher, The President's Club Newsletter
Price
$3.350
Owned
Unknown
WEAK BUY
WEAK BUY
September 26, 2014

He used to be bullish on Nat Gas, but not crude. He now thinks Nat Gas has run its course. It has gone nowhere since 2010. It is a trader. You accumulate at support and sell at the top of the range. It is not a long term investment. You might accumulate it here.

Long Run Exploration (LRE-T)
September 26, 2014

He used to be bullish on Nat Gas, but not crude. He now thinks Nat Gas has run its course. It has gone nowhere since 2010. It is a trader. You accumulate at support and sell at the top of the range. It is not a long term investment. You might accumulate it here.

Bill Carrigan
Technical Analyst, Getting Technical Info Service
Price
$4.520
Owned
Unknown
COMMENT
COMMENT
September 19, 2014

Thinks the dividend is safe. Total payout ratio that comes in for 2014 is under 100%. Sees them growing their cash flow at about 15% in the next couple of years. Debt to cash flow isn’t bad for a small company. This is levered to falling oil prices, but it is pretty liquid. Would Buy if you are a risk tolerant investor.

Long Run Exploration (LRE-T)
September 19, 2014

Thinks the dividend is safe. Total payout ratio that comes in for 2014 is under 100%. Sees them growing their cash flow at about 15% in the next couple of years. Debt to cash flow isn’t bad for a small company. This is levered to falling oil prices, but it is pretty liquid. Would Buy if you are a risk tolerant investor.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$4.600
Owned
Unknown
COMMENT
COMMENT
August 29, 2014

Doesn’t follow this one intimately, but it ranks 199, top one third of his database. Recent earnings were down 70% year-over-year. The coming quarter is supposed to snap back 36%. Looks like a reasonable opportunity with a two-year timeframe.

Doesn’t follow this one intimately, but it ranks 199, top one third of his database. Recent earnings were down 70% year-over-year. The coming quarter is supposed to snap back 36%. Looks like a reasonable opportunity with a two-year timeframe.

Robert McWhirter
President, Selective Asset Management
Price
$5.270
Owned
Unknown
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