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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 15, 2016 8:32pm
165 Views
Post# 24875449

RE:RE:RE:RE:RE:Bankruptcy Update: PVA, Chaparral Energy, LINE, LNCO

RE:RE:RE:RE:RE:Bankruptcy Update: PVA, Chaparral Energy, LINE, LNCOlooking4hits........... prior to oil collapse years ago now below 100$, this management carelessly took on too much debt at oil price highs and were buying up assests at huge premiums thinking oil price would never possibly break below 100$. 

The worst part about this is prior to collapse I very distinctly remember the market constantly warning them ( analysts etc) to bring down their debt levels as their debt was too high relative to their peers , they ofcourse did not listen thinking they would have tons of time to "grow" organically out of their debt. Management such as this never changes. They always believe the market has them all priced wrong , they always did ever since the Petrobakken days. 

Other companies such as WCP , SGY (recently) , TOG etc all listened to market and made sure their debt levels were as low as possible. 
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