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.

Bullboard Posts

Comment by JohnDDon Sep 26, 2011 4:32pm

206 Views

Post# 19085557

RE: RE: Keep buying

Itrabs said: "Seems to me it's more profitable to postpone a few wells at $4m each and buy back stocks at these prices."

Interesting suggestion - may very well be a smart strategy to buy shares rather than drill wells - be interesting to run some quick numbers. I think it may be moot though since I believe management is fixed on hitting the target exit rate of 46 -49k. Their reputation is on the line and I do agree that they need to gain back confidence of the investment community. Based on the latest numbers, we are in striking distance of that target - hopefully we get another production update in early Oct rather than wait for release of Q3 numbers.