Looks like lrpepin1 and CIBC Investor's Edge had it right Posted below at the beginning of October, who would have ever thought this report could have possibly been accurate? This report still says LTS could go anywhere from $1.10 to $1.80, I never would have believed it. Seems with the last 2 days of being down over 22% alone it looks more and more like it will be a reality. Looks like I need to bring out the scuba gear as I am afraid I am going to be under water for quite a long time. I may run out of air before this recovers if it ever does, we need action now!!! Since oil is so low now why spend money to drill for more? Our existing production will still generate cash flow for the next year even with declines. Why not put the Capital Expenditure budget of $480,000,000 to $500,000,000 directly onto our debt? Suspend the dividend temporally and put 1/2 of the $96,000,000 directly onto the debt and the other 1/2 buy back some shares, say 10% bringing the share count down 20 million to 180 Million outstanding. The last thing we need now is more oil to sell at severely discounted prices, IMHO. I would be much happier if Lightstream had under 1 Billion debt producing 25K BOE/d. Once oil prices go back up we then could start drilling and increase production a great deal which would benefit shareholders as the cash flow would increase substantially on a reduced share count as well as much lower debt, under a billion? Please Mr. Wright and the BOD do something, put out a news release before it's too late to recover!!!!!!! Don't know if this makes any sense to anyone at all, just my 2 cents worth as that's all my holding in LTS seems to be worth nowadays. I welcome your feedback, kmapp.
my cibc daily market report
Irpepin1...It took me a while to find this CIBC Investor's Edge recognia alert which does exist, my apologies. I have copied the alert below and will forward the report to my CIBC advisor. Wish I had of know this before I bought a lot of shares, over 48,000 now, under water a lot now, hopefully won't drown before the market becomes rational again. kmapp
| Lightstream Resources Ltd forms bearish "Top Triangle" chart pattern
Oct 01, 2014 Recognia has detected a "Top Triangle" chart pattern formed on Lightstream Resources Ltd (LTS:TSX). This bearish signal indicates that the stock price may fall from the close of $4.76 to the range of $1.10 - $1.80. The pattern formed over 64 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis. Tells Me: The price seems to have reached a top, showing signs of reversal as it has broken downward after a period of uncertainty or consolidation. A Top Triangle shows two converging trendlines as prices reach lower highs and higher (or stable) lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks down below the lower trendline with a noticeable increase in volume, confirming this bearish pattern as a reversal of the prior uptrend. This bearish pattern can be seen on the following chart and was detected by Recognia proprietary pattern recognition technology. | |