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Lightstream Resources Ltd. LSTMF

"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

Bullboard Posts
Comment by naeden99on Oct 10, 2013 2:25pm
171 Views
Post# 21807765

RE:RE:RE:RE:RE:thar she blows, 7.04 alltime, all time low congratulations

RE:RE:RE:RE:RE:thar she blows, 7.04 alltime, all time low congratulationsThey have been listing the same 5 things they could do to improve liquidity for at least a year.  Same order as always.:
1) Modulate capex - like I said, they could just repeat this quarter and they'd be doing pretty well.
2) Sell assets - hard to do in this market
3) Term out debt - the debt market doesn't think they have leverage issues, S&P just upgraded them, plus their current debt is trading near par.  This is doable.
4) Reducing dividend.  
5) Issuing equity.

I think they will do 1) and maybe 3).  But they probably don't need to term it out if they do 1), saving on interest costs.  Issuing equity would be ridiculous.  That would be a last resort after the first 4 things.
Bullboard Posts