Lightstream Resources Ltd. LSTMF

RE: Will dividend be cut?

[ltrabs]

Before they fiddle with the dividend, I'm expecting  PBN to lock in some swaps  in the $90 - $100 range. 

Presently they could lock in above $94.  Hell, there will likely be opportunities to lock in at much higher prices if they were to gradually, ( 500-1000 bo/d ) at a time, work in the swaps over  the next few months. 
 
Here's a company that's land rich and cash poor  with huge cash flow potential at over $90  oil.  
Closed Q3 with a run rate of 43,000 boe/d in spite of 3,000 boe/d still locked in. 
The Cardium at 14,000 bod and 24 wells not even  tied in yet is way ahead of exit guidance. 
 
In spite of what the talking heads on BNN claim,obviously their depletion rate is dropping quickly .... IMO 
 
As for selling land, they have lots that's not  included in the roughly 1,790  sections (sq. miles)   presently  listed as present and emerging. 
- Bakken 430 sections, - SE Sask. conventional  750 sections, - Cardium 260 sections , - NE BC 110 sections , - Emerging plays190 sections. 

There is still quite a lot south and east of  Calgary, lots of land  spread out all over SE sask. , some in North Dakota  and probably a lot more we don't know about.