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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.
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Comment by Oilmarketon Dec 05, 2014 10:56am
284 Views
Post# 23199244

RE:RE:RE:RE:Will We Hold $2.00 Today?

RE:RE:RE:RE:Will We Hold $2.00 Today?These guys are closer to "no pockets". Q3 financials showed they made $3.8mm with a gain on disposition of $28mm so without that they would have lost about $24mm. The $30 price drop on 38,000 b/d is $103mm less revenue. Depletion is only $111mm so they actually have gone cash flow negative. Not good. Assume 6 to 12 months of this pain will put enough guys out of business and slow down others. Hoping it is back by late summer but they cant let it go too high.
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