Lightstream Resources Ltd. LSTMF

RE:RE:RE:RE:RE:Kuwait Crude Output Drops 60% as Oil Workers Strike

[blade86ca]

PROtrading.... if you see my previous posts on this board I have said i have now 1000 shares @ average 11$ SP , a very small position now as you can see relative to my other oils 

I know management cannot control oil prices but they could have been much much more proactive in maintaining a good balance sheet by keeping debt levels low relative to their cash flow by selling more assests ( they had their chance in beginning of 2015 when oil prices recovered to $60 and use the proceeds towards debt , other companies such as SGY for eg took that opportunity and did just that sell assests and their debt to cash flow is more reasonable now relative to prior of selling assests)

I have bought , sold and held shares since 2012 ( when this company was called Petrobakken , PBN first and they changed their name sometime in 2013 I think ) and from 2012 forward I recall reading reports from analysts saying their debt was too high relative to cashflow and they needed to perhaps sell assests to bring that debt under control, when their debt continued to rise as per their quater reports I even sent them emails asking about thier plans to tackle the debt levels and what their plan would be if oil were to drop down to $70 what their plan would be to protect balance sheet ( I have those emails saved in my hotmail account fyi ) . I never got a response from anyone as John wright and management as they must have trashed my email and thought it was never possible for oil to trade below $100 wti long term at the time