Lightstream Resources Ltd. LSTMF

RE:RE:RE:last chance would be Feb. emergency opec meeting

[bushhog1]

Orlandofi, I was pointing out that I can't see LTS going bankrupt.
If this downturn drags on too long and LTS is in any trouble they will sell 
assets as needed.
However they been cutting costs to balance out their revenue.

Presently they are raking in enough cash flow, even to pay off some Debt.

For instance in Q4 they will be producing about 28,500 boepd.
for 11 weeks (1 wk off for Xmas holidays) at $40 us converted to $cad @1.37
+ Hedged profits of $23M.

They will be able to pay down the Debt about another $50M

https://www.veracast.com/webcasts/baml/levfin2015/events/2032_lights/pdf/Lightstream_Resources_Ltd..pdf

Estimated Cash Proceeds from Hedging for Q4 2015

WTI Prices US$40/bb         - $23MM
l US$45/bb                          -$19M
l US$50/bb                          -$16MM
l US$55/bb                          -$13MM
l US$60/bb                         -$ 9MM

Only my opinion