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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 highrider1on Dec 22, 2014 8:33pm
166 Views
Post# 23258006

RE:RE:NO WONDER OIL IS DROPPING !!

RE:RE:NO WONDER OIL IS DROPPING !!But as they say eventually the price will come back up some ...    but it seems like they will just never let it get high enough to make " fracking "  profitable.    Get rid of all the frackers and let conventional drilling become the only source.    If oil ever starts  to get  high enough to make fracking viable again  then they will just flood the market to knock the oil price back down to keep the frackers out of the market.   Supply and demand ...  simple as that.
 
 Going to be good for the big countries such as China etc. as thet have to import most of their oil as seen in the previous post.  And of course for the public with the cheap gas prices.
 
 
 
 
oilman53 - (12/22/2014 8:20:39 PM)
RE:NO WONDER OIL IS DROPPING !!
This is an existentional fight for them.  They have the advantage of low operating and lifting costs.  Run from the over leveraged Canadian and US stocks.  Only one direction for them..
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Dealroom for high-potential pre-IPO opportunities