Lightstream Resources Ltd. LSTMF

RE: CIBC Target Price Cut

[Corrigan1]

One thing that is a big disappointment to me is that I can't get a fix on what my own broker is pegging as the target price (and other metrics). TD Waterhouse is advising PetroBakken and likely had a hand in suggesting the non-core asset dispositions, etc. In their weekly reports on Intermediate Oil & Gas Producers, they are still saying Restricted, like they do when they are under-writing a financing. Perhaps this leads to a larger question: is there another shoe to drop? That is, is PetroBakken working on yet another disposition, or negotiating an acquisition, or what is yet to be done? Why the heck hasn't TD taken themselves off restriction and set a new price target?

 

That said, thanks to those who use other brokers and provide underlying details here of changes to analyst ratings. We may not always like them, but they do often move share prices one way or another.