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Lightstream Resources Ltd. LSTMF

Energy Oil & Gas E&P
"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

Lightstream Resources Ltd.
Bullboard Posts
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(5)
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Comment by tcellingon Nov 22, 2014 6:20pm
306 Views
Post# 23155500

RE:RE:RE:RE:Takeover possibility?

RE:RE:RE:RE:Takeover possibility?
NorthSun wrote:
Thanksforplaying wrote: I feel your pain for being a long term holder but at 7 bucks they will easily get shareholder approval

It would be very naive for shareholders to support a $7 takeover bid. LTS is worth significantly more then that.




The problem with takeovers is the majority of shareholders don't care what the long term value is. If they get an offer that significantly above current SP, such as the $7 figure, they will vote for it and simply move the money elsewhere. I know I will if it comes to that even though I believe the company is worth double that in a stronger wti environment.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities