LTS entered into oversold territorySorry, copy & past of guidance doesn't seem to work, tried again below. Couldn't we preview the post before posting it to be sure it would post correctly? When did that option disappear from the Stockhouse posting page?
In trading on Thursday, shares of Lightstream Resources Ltd. (Toronto: LTS) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $5.38 per share. By comparison, the current RSI reading of the S&P/TSX Composite Index is 65.0. A bullish investor could look at LTS’s 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
2014 Guidance
REVISED GUIDANCE ORIGINAL GUIDANCE
Average Production (boe/d) 43,500 - 45,500 45,000 - 47,000
Exit Production (boe/d) 45,000 - 47,000 46,000 - 48,000
Oil and Liquids Weighting unchanged 80%
Funds Flow(1)
Funds Flow from Operations ('000) $635,000 - $665,000 $595,000 - $620,000
Funds Flow per share(2) $3.19 - $3.34 $2.99 - $3.12
Dividends per share unchanged $0.48
Capital Expenditures(3)
Drill, Complete, Equip and Tie-in ('000) unchanged $350,000 - $370,000
Facilities, Workovers and Optimizations ('000)unchanged $120,000 - $140,000
Land, Seismic and Other ('000) unchanged $55,000 - $65,000
Total Capital Expenditures ('000) unchanged $525,000 - $575,000
Commodity price assumptions include WTI US$95.00/bbl, AECO CDN$4.00/Mcf, foreign exchange rate of US$/CDN$ 0.90, and corporate oil differential of 10%.
Funds flow per share calculation based on 199 million shares outstanding for 2014.
Projected capital expenditures exclude acquisitions, which are evaluated separately.