GREY:LSTMF - Post by User
Comment by
lotusprinceon Dec 01, 2013 9:16am
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Post# 21957226
RE:Asset base/Insider buying
RE:Asset base/Insider buyingStudy the similiar case of Penn West and see what happened to stock price when non-core assets were sold. SP actually tanked. Only way out of debt for LTS positive case will be Oil selling over $120/barrel. If you are willing to wait for next cycle up in oil prices then this is your investment. If not then ask yourself a question why LTS and why not other safer positive cash generators in Oil and Gas ?
Look at the case for BP despite shelling out $40billion they still survived and cash positive.