GREY:LSTMF - Post by User
Comment by
Darwynon Jul 24, 2013 1:32am
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Post# 21626431
RE:RE:RE:RE:Re Share Price
RE:RE:RE:RE:Re Share PriceI really struggle why this company has performed as poorly share price wise as it has. The debt side is a little high by manageable. Netbacks have been very strong and should improve this past quarter. They struggled early but seem to have a handle and a plan to moderate its production profile with Bakken and Cardium spinning off cash. They are solid with guidance with no major misses and are finding ways to reduce drilling costs. BY and large anaylsts hate this stock ( maybe like me they have been burned badly, they walked and I was dumb enough to hold on.) The switch in name to Lightstream in an attempt in my view to bury the past has not worked. I have a fear that after spinning out the shares that Petrobank held of Petrobakken ,John will want to takeover Petrobank and we will be saddled with all the Thai application which is obviously not anywhere close to being commercialized. PWT dropped the dividend by almost 50 % from .27 -.15 cents quarterly. A similar move here would take me down to 1.5 % div on the original invesment.