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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.
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Comment by PeterWrighton Jan 05, 2016 6:34pm
91 Views
Post# 24431576

RE:RE:RE:RE:RE:Management strategic moves

RE:RE:RE:RE:RE:Management strategic moves Bushhog I HIGHLY encourage you to get help with an evaluation of LTS. The assets are worth less then the debt. That is a major issue for Wright right now. He can't really sell assets to pay debt because of the value of the assets. I'm critical of Wright and feel he has done an extremely poor job with LTS but there isn't a lot he can do now but wait and hope oil has a major recovery before debt is revisited in May. They will be forced to sell assets if things don't improve dramaically by then.
I'm trying to find new info on the 2 lawsuits initiated by debt holders. Does anyone have current news?
Good luck

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