Long Run Exploration

LRE-T

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This company is not ACTIVE.

Analysis and Opinions about LRE-T

Signal
Opinion
Expert
TOP PICK
TOP PICK
December 28, 2012

Junior oil/gas company. 50/50 oil and gas in the Viking and Redwater area as well as Montney oil in the Peace River Arch. Trading at some of the cheapest valuations out there. 30,000 per flowing barrel versus 70,000 per flowing barrel on some of the intermediates. Have 1 million acres of undeveloped land. Sharp management. Could see this at $7-$8 in 12 months.

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Junior oil/gas company. 50/50 oil and gas in the Viking and Redwater area as well as Montney oil in the Peace River Arch. Trading at some of the cheapest valuations out there. 30,000 per flowing barrel versus 70,000 per flowing barrel on some of the intermediates. Have 1 million acres of undeveloped land. Sharp management. Could see this at $7-$8 in 12 months.

BUY
BUY
December 12, 2012

A natural gas stock that could be held for 5-6 years? This is the one that he likes. Recently merged with Westfire Energy. Sort of a mix of light oil and gas as well as. Feels this has the potential of being $6-$7 if current gas prices hold where they are. He is still not bullish on natural gas. Feels the supplies are going to keep the price capped for a while.

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A natural gas stock that could be held for 5-6 years? This is the one that he likes. Recently merged with Westfire Energy. Sort of a mix of light oil and gas as well as. Feels this has the potential of being $6-$7 if current gas prices hold where they are. He is still not bullish on natural gas. Feels the supplies are going to keep the price capped for a while.

TOP PICK
TOP PICK
December 5, 2012

50/50 of liquids and regular natural gas production. Will finish this year with around 23,000 BOE’s a day with a goal of 25,000 next year. Balance sheet is in very, very good shape with only 250 million of bank debt on $500 million line. Cash flow next year should be $1.75 a share. Trading at a discount to BV. Big upside as they begin to execute. $6 target.

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50/50 of liquids and regular natural gas production. Will finish this year with around 23,000 BOE’s a day with a goal of 25,000 next year. Balance sheet is in very, very good shape with only 250 million of bank debt on $500 million line. Cash flow next year should be $1.75 a share. Trading at a discount to BV. Big upside as they begin to execute. $6 target.

PARTIAL BUY
PARTIAL BUY
October 9, 2012

Small company so obviously that is where the volatility lies. This company has shown good per share production growth and continues to do quite well. At this level a relatively decent bet to hold and maybe even to add a little bit.

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Small company so obviously that is where the volatility lies. This company has shown good per share production growth and continues to do quite well. At this level a relatively decent bet to hold and maybe even to add a little bit.

COMMENT
COMMENT
September 18, 2012

Has been for sale for quite a while. The strategic alternative process was dragging on. Was announced late in 2011. It became apparent that the list of potential suitors was not lined up to Buy in Spite of it being light oil in SW Saskatchewan. Ultimately they are ending up merging with Guide Exploration (GO-T). Thinks there is still some horse trading of assets to come.

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Long Run Exploration (LRE-T)
September 18, 2012

Has been for sale for quite a while. The strategic alternative process was dragging on. Was announced late in 2011. It became apparent that the list of potential suitors was not lined up to Buy in Spite of it being light oil in SW Saskatchewan. Ultimately they are ending up merging with Guide Exploration (GO-T). Thinks there is still some horse trading of assets to come.

DON'T BUY
DON'T BUY
August 30, 2012

There is nothing particularly wrong with this name other than that it is a small cap name. Unless there is a large capitalization buyer coming out that is going to purchase the assets, there is no real reason to go charging in here.

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There is nothing particularly wrong with this name other than that it is a small cap name. Unless there is a large capitalization buyer coming out that is going to purchase the assets, there is no real reason to go charging in here.

DON'T BUY
DON'T BUY
June 25, 2012
If we was to own a pure Viking play, this would be close to the top of his list. Very oil weighted production. The company might be carved up into pieces. There is speculation that a Chinese company is looking at them. Will be range bound.
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If we was to own a pure Viking play, this would be close to the top of his list. Very oil weighted production. The company might be carved up into pieces. There is speculation that a Chinese company is looking at them. Will be range bound.
BUY
BUY
April 10, 2012
Like this one. 95% oil weighted. Good balance sheet.
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Like this one. 95% oil weighted. Good balance sheet.
DON'T BUY
DON'T BUY
March 29, 2012
Pretty focused play off Viking Oil (?) in Southwest Saskatchewan. Feels their technical aptitude in developing the play is great. Did an acquisition last year that he didn't like. Recently announced a strategic review with the view of selling the company and until there is any conclusion as to what is going to happen the price will likely go sideways.
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Pretty focused play off Viking Oil (?) in Southwest Saskatchewan. Feels their technical aptitude in developing the play is great. Did an acquisition last year that he didn't like. Recently announced a strategic review with the view of selling the company and until there is any conclusion as to what is going to happen the price will likely go sideways.
PAST TOP PICK
PAST TOP PICK
January 24, 2012
(Top Pick Feb 9/11, Down 38.11%) It was the top of the energy market for the year. They also alienated their shareholder base. Then drilled two unsuccessful wells.
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(Top Pick Feb 9/11, Down 38.11%) It was the top of the energy market for the year. They also alienated their shareholder base. Then drilled two unsuccessful wells.
HOLD
HOLD
December 23, 2011
Really cheap and trades at half of any of its peers. The board just announced a strategic review and he thinks it was a smart move and will surface some value.
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Really cheap and trades at half of any of its peers. The board just announced a strategic review and he thinks it was a smart move and will surface some value.
WATCH
WATCH
December 15, 2011
Oil/gas company with about 70% in oil and assets in Alberta and Saskatchewan. An emerging player pursuing the Viking play. When breaking into some of the more emerging plays, companies usually suffer from higher costs as well as tweaking the structure to optimize it. Missed guidance and have been penalized. Shown a good growth rate and he anticipates them getting to 10,000 BOE's a day but a “wait and see” story.
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Oil/gas company with about 70% in oil and assets in Alberta and Saskatchewan. An emerging player pursuing the Viking play. When breaking into some of the more emerging plays, companies usually suffer from higher costs as well as tweaking the structure to optimize it. Missed guidance and have been penalized. Shown a good growth rate and he anticipates them getting to 10,000 BOE's a day but a “wait and see” story.
PAST TOP PICK
PAST TOP PICK
November 30, 2011
(A Top Pick Dec 14/10. Down 23.63%.) Did an acquisition that the street did not like. Also drilled 2 dry wells. Stock is now enormously cheap and trading below proved value. Still likes.
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(A Top Pick Dec 14/10. Down 23.63%.) Did an acquisition that the street did not like. Also drilled 2 dry wells. Stock is now enormously cheap and trading below proved value. Still likes.
HOLD
HOLD
October 13, 2011
Assets underappreciated by the market. Have 3 areas in the Viking. Red Water area is worth $8-$10 a share. Very good drilling success recently where wells are coming above tight curve, meaning better recovery than thought. Well costs are down to $1 million and wells will recover 85,000 barrels.
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Assets underappreciated by the market. Have 3 areas in the Viking. Red Water area is worth $8-$10 a share. Very good drilling success recently where wells are coming above tight curve, meaning better recovery than thought. Well costs are down to $1 million and wells will recover 85,000 barrels.
HOLD
HOLD
September 21, 2011
If this stock is going to so anything it should pick up in October. A bit of a base forming where it is right now. If it broke through to the downside, he would sell.
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Long Run Exploration (LRE-T)
September 21, 2011
If this stock is going to so anything it should pick up in October. A bit of a base forming where it is right now. If it broke through to the downside, he would sell.
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