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Lightstream Resources Ltd. LSTMF

"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

Bullboard Posts
Post by Swizzledon Sep 29, 2011 12:58pm
745 Views
Post# 19099428

Interview with John Wright

Interview with John Wright

I interviewed John Wright last week for my newsletter:

https://valueinvestorcanada.blogspot.com/

I'd prefer to keep that interview for my subsribers, but I would like to note that there is a big difference between what is going on with this business on a daily basis and it stock price.

The BMO note laid out very well the issues facing the company. And then basically assumed the worst case outcome for every single one of them. Including production.

This week or month is a blip on a graph. Think about where things will be 5 years from now. Not where the stock price will be five minutes from now.

In the real world managers don't drive directly into a wall and destroy their company when they can see that wall coming 15 months in advance.

The BMO report is very useful for the issues it addresses. But not very realistic as to how this will play out in my opinion.

Bullboard Posts