Lightstream Resources Ltd. LSTMF

Management strategic moves

[bushhog1]

Lots of Canadian OIL Companies did not revalued their Assets lower based on lower 
oil prices.
Lts did. They had over $1.2B non cash write offs in the last year and this dropped the Shareholders' Equity, thus making the Debt seems larger

However LTS was able to recover about $285M in taxes from this move.
Also Shareholders' Equity will be written back up when oil recovers
,

Lots of Canadian Companies are having problems in paying their Debt 
as they come due. Some are even selling off assets {at fire sale), to cover these payments.

LTS was able to foresee this coming and was able to borrow new Debt (due June 2019}to pay off their old Debt.
They even saved  a reduction of $125M on their debts with these swaps.

All they have to worry about before June 2019 is a LOC Debt of $349M that will be up for renegotiation in June 2017.

LTS said they will pay off some of this Debt from cash flow in this coming Q4.
I am guesstimating it will be about $40M with a margin of error of $10M

Only my opinion.
 Honorable Bushhog