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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 blade86caon May 02, 2016 6:08pm
122 Views
Post# 24834563

RE:RE:Jig isn't up

RE:RE:Jig isn't upboarderex86.... why are you suprised the lenders are backing out ???

If I were the lenders and I saw oil prices bottoming out , why would I allocate credit line to LTS whose production is dropping due to low oil price when they can allocate those funds towards a better company who is able to increase production , keep costs down and still have some free cash flow ( Yes there are oil and gas producing companies out there that are able to spit out free cash flow after adjusting their dividend and capex )

In a market one allocates capital to recieve the best possible return , not be a hero and try to save a company.
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