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Long Run Exploration Ltd. Message Board

  • richardleeds richardleeds Mar 8, 2013 3:06 PM Flag

    not a very good 2012 4th quarter report

    Netback from 2011 to 2012 dropped from $44 a barrel to $33.
    Actual loss for the 4th quarter of $50 million.
    Only 9 years left of P+P reserves.
    My largest holding is still Linn Energy with 19 years of reserves, which pays a nice 7.5% distribution.

 
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