Lightstream Resources Ltd. LSTMF

RE: Management is full of poo!...and I mean full

[ltrabs]

Management   seems   OK  to  me.
Condemnation   after  2 years  for  a  startup  is  a little  too quick   IMO. 
 
Concentrating on  Alberta  with up to 100,000 bbls per well royalties  holiday seems  smart enough to me ...
Pickling  up 187 sq.miles in 4 other plays sees like a good plan.
 
I believe we're in the middle of a sham   game   played  by the talking heads .. the so called experts.
I noticed we've received  some  decent  earnings  and  revenue upgrades in the last  few days ..
 
Trouble  seems  the so called  experts  don't  believe in earnings  or  paying the dividends  out of  earnings.  
Too many seem to prefer  dividends  exceeding  earnings   in oils, insurance and   reits.  J
They manage  to spin  it  to make  us  think  they  know  something  that  we don't ..
My experience is it's  best to lighten  up when they're pumping a stock  hard.
I think  they're  too  often  wrong and  I  won't play their  game.
 
Take  for instance  the  so called  water  cuts  problem in some North Bakken  wells.
 
Plate  22 of the May  presentation   clearly  shows  that  with  their  new finishing  technique  they  now  have  an  adjacent   well performing  as well as  average  Bakken   wells .. Plate 21 for reference.
 
With  the new well  hitting  25,000 bbls in a little over 5  months, while still  pumping outapprox.  90 bopd.
The average   seems  to  be 25,000bbls, can't  say in how long,  while still  pumping out approx. 75 bopd.
 
I  search   Cleantech™  and  came  up withnothing, however  it is becoming  clearer  why they're switching  over  in  the rest  of  the  Bakken. Apparently  they haven't  tried Quickfrac in the Bakken so that's not it.