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 Oct 15, 2014 8:06pm

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Post# 23032113

RE:RE:RE:RE:Hi - New LTS Long

Keep in mind that all this new production the US is flush with falls off damn fast ....
A new well w/ 60% - 70% decline year 1, 40% - 50% year 2 ... and so on.

That's the problem we have, thats a problem all tight oil drillers have.

patenright wrote:
agree it is pretty rediculous

well, ya if oil were to stay in 60s for 1-2 years, then ya not just LTS but others would be in a serious pickle....but i dont see that , if u do, then best u sell now

i see 80 bottom, maybe 75 , then back to 90-100 range in 2015
from what i have been reading and hearing, most of this oil plunge is not demand and supply but in fact forced selling by hedge funds