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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.
Bullboard Posts
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Comment by LaurinDEon Aug 10, 2013 2:31pm
338 Views
Post# 21661537

RE:RE:RE:I just wrote an email to John Wright

RE:RE:RE:I just wrote an email to John WrightThe dividend is safe... there's no need to cut it, because unless the price of crude falls significantly (for which there is no indication) the company can easily pay it. They will reduce debt over time and maybe sell some of their excellent assets for a good price after(!) they have fully proven and developed them. If the price of crude is still above $ 90 in 2016, the share price will be around $ 20 and you will have collected $ 3 in dividends. That's a good investment, imo. However, if you're in for a quick buck... - wrong stock!

cheers - Laurin

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