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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 whoa_rimcheeseon Jan 08, 2015 8:42pm
200 Views
Post# 23300516

RE:RE:RE:Is the company buying back stock?

RE:RE:RE:Is the company buying back stock?orlando's focus on buybacks is completely misguided. For example, if convenants are breached, the first thing lenders will often demand is to halt any dividends and buybacks. Why would a financial institution do this? Well, because it is using for cash flow for non-operation related causes. LTS has negative workings capital - buybacks and dividends in this environment don't make sense. Even if you think the probability of oil price recovery is high, you don't needlessly increase risk in a situation where you may be in breach of covenants. 
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