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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.
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Comment by whoa_rimcheeseon Jan 20, 2012 12:46pm
249 Views
Post# 19427339

RE: RE: RE: RE: RE: RE: RE: Nice call rim!

RE: RE: RE: RE: RE: RE: RE: Nice call rim!

Operating costs are 75% net of current oil price??? hmmm, redo your math. You probably mean margin.

You don't care about Alberta - or nearly 40% of the company's production. That is NOT smart. You realize they are spending more in Alberta than Saskatchewan in 2012...???

And oil price +/- $5 of $100 in 2012....I would be careful just assuming that. All oil companies should be stress tested for $70-80 oil range, as that is a possibility. US gasoline demand is dropping like a stone and if the Iran issue subsides, oil can hit $90 in a weeks time. We already saw a few $4 drop days late in 2011. A new well in Kisby doesn't eliminate this risk - lol.

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