Lightstream Resources Ltd. LSTMF

RE:RE:RE:RE:RE:Production falls?

[heraclitus]

If I remember correctly they spent a lot of capital in the last half of 1012 which resulted in very high flush production going into the PBG split.  Then in 2013 they still have relatively high CAPEX of $716 million.  They advise that is lower by about 30% ($525 to 575 million) for 2014 or a shrinkage and savings of about $160 million.  As well they sold in 2014 1700 boepd for $112 million.  So with a far smaller CAPEX and a sale of 1700 boepd they claim to be able to maintain production for 2014 in the range 43.5 - 45.5, almost exactly the production (gassy) that was just sold.  Against this mix prices are going higher and production costs lower so that fund flowing form operations are expected to increase by 8%.  Three months ago BOD declared that they were going to get a better handle on debt.  This seems to be exactly what they are doing.  While improving the balance sheet they are improving cash flow and preparing for a brighter future.  A number of posters are howling for the BOD's heads.  Seems to me they have lost theirs.  This is a good news press release.