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Lightstream Resources Ltd. LSTMF

"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

Bullboard Posts
Comment by boarderex86on Jan 05, 2015 1:20pm
147 Views
Post# 23286510

RE:RE:WILL $ 1.09 HOLD ??? ( QUOTE / LEVEL 2 )

RE:RE:WILL $ 1.09 HOLD ??? ( QUOTE / LEVEL 2 )
BCsilver wrote: How can it , oil is nowhere near its bottom yet , $35 to $40 my guess , stick target 0.35 and thats being nice



Fundamentally, what would support the price in this range?  I am curious because I can see fundamental support above $60 since there is probably 10MM bbls/day with breakeven above $60 (10MM is a wild guess but you get the point).  $35-40 is so ridiculously low that it seems everyone is just guessing - big banks included. 
Bullboard Posts