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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 JohnDDon Jan 26, 2012 12:08am
479 Views
Post# 19450604

RE: RE: Petrobakken Energy Ltd. sells $900M in not

RE: RE: Petrobakken Energy Ltd. sells $900M in not

8.7% is high, but  lower than if the company had to issue equity at the lower price.

Hmmm wonder what they are going to do with all this extra cash....

Execute that NCIB...? NoW wouldn't that be nice...and take us up to $20?.,..knock out punch for the shorts...

Expand this year's buget?  I  personally believe/hope they will wait untl the Q3 to decided if they wanted to increase the budget. If oil prices stayed high, production is on track and things were going well the market would be okay with a bump in the budget later in the year.

 

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