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 Jan 02, 2015 5:09pm

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Post# 23281108

RE:RE:RE:Suspend Divi, Purchase notes at market price

At todays exchage rates the USD bonds debt costs over 10.25% in CAD ....
Almost as high as the dividend of over 14.5% ...
As the dollar falls it's almost a toss up as to which produces the most cash flow savings.
Or perhaps both ... bonds10.25% + dividends 14.5% ..... cash flow savings.

Trying to preserve the 1.5 cents a month, 18 cents a year dividend may be what Wright wants but it seems to be a bit off point to me. The stock moves up and down them much weekly and has for years ...