GREY:LSTMF - Post by User
Comment by
bushhog1on Nov 26, 2015 9:23pm
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Post# 24330032
RE:For energy investments, we may be at peak pessimism
RE:For energy investments, we may be at peak pessimismNuttall is just another one of these great Analysts out there,
with great visions.
He can see Oil going up but not Lightstream or Penn West.
Just wish he could explain why, and not only rely on his vision.
LTS had a big Debt before, and no one was worry about it ,
plus LTS was paying a hefty dividend.
Two things, if oil goes up back
LTS will reverse their assets valuation upwards ( will show up as one time profits
similar as writedowns were shown as losses)
The Canadian Dollar will also climb up, thus reducing their US Debt via reporting conversions.
Remember their US Debt is high because of the low Canadian Dollar
LTS is solid and a Buy.
Only my opinion