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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 jerrybeon Aug 07, 2014 7:14am
414 Views
Post# 22816480

RE:Here it is

RE:Here it isExactly as predicted: Overall disappointing. Yes, debt is finally getting under control, netbacks are high. But operational performance is disappointing...problems at the Swan Hill operations...capex program on pause there as wells are being assessed. Reduced guidance (and capex)...no news on any new plays. This goes to my post from a week ago: Now that debt is getting under control, people can assess the operational performance better, and what you see is a string of cost overruns and delays...quarter after quarter. 

Yes, incredibly low valuation relative to peers but at least part of it is deserved. We are just not a good operator.

A typical Lightstream press release, where you have to see the glass half full, when you could also see it half empty. Please sell this firm at a 50% premium and put us all out of our misery.
Bullboard Posts
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