GREY:LSTMF - Post by User
Comment by
kmappon Jul 16, 2014 11:17am
475 Views
Post# 22750756
RE:Who writes this stuff??
RE:Who writes this stuff?? Pathplanner55....had the exact same thoughts, I wrote IR yesterday, copied below. kmapp
From: LTS Investor Relations <ir@lightstreamres.com>
To: xxxxxxxxx
Subject: RE: Lightstream Announces Operational Update
Date: Wed, 16 Jul 2014 14:39:02 +0000
Good morning Mr. xxxxxxxx,
Thank you for your comments, I will pass them along.
Investor Relations
| MAIN 403.268.7800 | FAX 403.218.6075
From: xxxxxxxxxxx
Sent: Tuesday, July 15, 2014 7:03 PM
To: LTS Investor Relations
Subject: Lightstream Announces Operational Update
Hello IR...just a comment on some wording in today's news release. Rather than "significantly lower" maybe this would have been seen more on a positive note if the word "BETTER" replaced "lower". The way I see this is 3% decline is much BETTER than the traditional 11% seasonal decline but when "significantly lower" phrase is used this can be easily misinterpreted to mean worse even though the math is right in front of the reader. Just a thought to word your NR's more positively as you clearly need to improve since some news reports are now focusing on the lower production when it actually improved seasonally.
TRY......This is "significantly BETTER than the average seasonal drop of 11 percent we have experienced for the past three years," the company said.
Regards,
xxxxxxxxx
Investor
17,864 Shares
Lightstream Resources slides on falling production levels
Tue 2:13 pm by
Mourad Haroutunian
Lightstream Resources Ltd. (TSE:LTS), a Canadian innovative light oil-focused exploration and production company, fell to the lowest in two months after saying production in the second quarter dropped 3 percent from the first quarter.
Shares declined 6.1 percent to C$7.12 at 1:38 p.m. after reaching C$7.09, the lowest intraday price since May 15.
Production for the second quarter averaged 42,500 barrels of oil equivalent per day, a 3 percent reduction from first quarter levels, the Calgary, Alberta-based company said in a statement today.
This is "significantly lower than the average seasonal drop of 11 percent we have experienced for the past three years," the company said.