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Lightstream Resources Ltd. LSTMF

"Lightstream Resources Ltd is engaged in the exploration and development of oil and natural gas in Western Canada. Its operating areas include Southeastern Saskatchewan, Central Alberta, and North-Central Alberta."


GREY:LSTMF - Post by User

Bullboard Posts
Comment by sh4deon Aug 10, 2013 12:30pm
322 Views
Post# 21661399

RE:Interesting business plan.

RE:Interesting business plan.

If you listened to the conference call. This was adressed, the dividend is unlikely to be cut. The board all owns shares, and the board is all invested in the DRIP. 
 

Long-Term they don't believe a cut in a dividend will help the SP. Secondly, the idea of the company was due to their assets they wanted to use an aggressive CAPEX program that would enable them to grow out of debt as they mature as a company. 

Bullboard Posts