Lightstream Resources Ltd. LSTMF

RE:RE:RE:Cash flows on oil price and exchange rate improvements

[orlandofl]

blade86ca wrote: Fully Agree, Wright thought he could get CPG to pay more for Bakken even after I remember Saxberg publicy saying at that time they were very interested in LTS assests ( Bakken in paticular ).

I am sure at the time Wright must have thought oil prices will be back above 100$ in no time flat and did absolutely nothing ( aside from collect his salary ) to protect LTS balance sheet and lower debt levels at the time when lots and lots of other companies were doing just that. The creditors and bond holders will very soon own this stock.  

Wright is the best definition of a "reactive" manager and not a "proactive" manager. Always reacting after the market has moved and affected LTS and not before.

they should have cut the dividend right away and paid on debt - it was around 8 cents a month or so - I can't rember - that could have been $160M a month toward debt - or paid off in a year and they could have survived - dumb.

CPG finally cut dividend and I'm glad for it so they can work on paying down debt as they have a lot of debt also - but a lot of production and seems better operations