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Lightstream Resources Ltd. LSTMF

Energy Oil & Gas E&P
"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

Lightstream Resources Ltd.
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Comment by ltrabson Nov 07, 2013 8:14am
248 Views
Post# 21884024

RE:RE:RE:RE:Influenced by PennWest today ?

RE:RE:RE:RE:Influenced by PennWest today ?John, well prepared little comparison. 

What you missed is competence and credibility of management. 

For example
PennWest paid Billions for a bunch of gas a few years back  ... Stupid .. stupid  management at the time.
Petrobakken / LTS  paid hundreds of millions buying back stock in the $13 - #17 range. Using borrowed money ....   Stupid .. stupid  management

John's  claim they can maintain even production for $500 mil  doesn't pass the giggle test.

Look at Petrobank .... John's other effort.
200 boe/d total corporate for the last few years, burning cash and they're buying back stock  ....   Stupid .. stupid  management

We should do OK in spite of the CEO ... IMO


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