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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (12467)	4/7/2015 7:29:34 AM
From: Goose94	Read Replies (1) of 203690

Long Run Exploration (LRE-T) top pick from Josef Schachter on BNN.ca Market Call tonite Easter Monday April 6th @ 1800ET Long Run is a debt levered energy company that produced >31,000boe/d in 2014 with liquids being 43 percent of the total mix. To lower debt in 2015 they will spend only 50 percent of cash flow and use the other $100M of cash flow to pay down against the debt load of $612M at year end 2014. In addition they have a number of asset packages out for sale 6-7,000 boe/d total and if just half sells they should be able to knock debt down by another $100M in 2015. This should then bring exit debt/cash flow below 2x and remove the debt burden worries. Book Value at year end 2014 was $3.70 a share and cash flow in 2015 should be >70 cents per share on average volumes of 32,000 boe/d. Our 12 month stock price target is $3.50 a share. We note that in early 2014 the stock traded above $6 a share.

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