Lightstream Resources Ltd. LSTMF

LTS losses since 2013

[bushhog1]

2013  Shareholders ' Equity was                  $1,932Mln
 2016  Shareholders 'Equity  currently is       $   475Mln
           Losses                                                $1,457Mln   

During this period LTS revalued their Assets down by $1,600Mln because of fallen oil prices.
This $1,600 Mln writeoff accounted for their losses.

LTS still has these Assets, and will be writing up back these values as oil prices reverse upwards.

This Company strongly preaches about preserving their capital and will not
sell off at fire sale prices.

Only my opinion.
.

[PROtrading]

Bushhog1, three of the most likely schenarios here: 1. They do a Baytex.  Renegociate with lenders because lenders understand oil and the recovery. The company is whole and becomes a star for the oil recovery. 2. They do a Penn West. Have to sell assets to the waiting take over crew that did the "job" on them.  Great short term double or triple but remains a bad longer term

[bushhog1]

Thanks Protrading, I was just pointing out that since 2013, their losses were not real losses. The Company also paid down their Debt during this period by $587Mln even reduced their Deferred Tax Liabilities by $389Mln LTS is a well run Company , yet during this period the Stock Prices tumbled from over $9.00 to $0.16

[PROtrading]

Hey bushhog1, LTS got beaten up like all oil companies and analysts. Leverage is what crashed them, leverage is what will propel this stock now! They got beaten up extra well, that's why I'm here now!  ;-)  LOL  I help these neglected, bleeding and almost mortaly wounded unloved stock recover. Call me Dr. Contrarian.  ;-)  LOL

[when2buy]

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[bushhog1]

The numbers I  have stated is from LTS' Financial Statements. I repeat  From Q4 2013 to now LTS Shareholders 'Equity was wiped out by $1,457Mln. I was not talking about what Assets they sold or buy or profits and losses they made, I was talking about what Shareholders are worth at the beginning and end of this period. ( Q4 2013 - Q1 2016) If LTS did not had to revalue their