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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.
Bullboard Posts
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Comment by PeterWrighton Dec 01, 2015 3:38pm
141 Views
Post# 24344145

RE:RE:Cooked

RE:RE:Cooked Wright has to wait. His current debt is higher then asset value. CPG will only take the Bakken assets. They won't pay over 700 million in this environment. LTS only has 6 months until the next credit review and they will be forced to sell assets. I don't envy Wright right now. Some real tough decisions will have to be made soon. 
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