RE:Pretty simple
I agree it is very high risk and possibly high reward. You have to look into it a little further than just one year.
In the past 5 years ( since inception ) LTS has been on a steady downward trend. She has fallen from $35 down to $1 in 5 years. Even when oil was steadily increasing ( till last summer ) LTS kept falling lower.
THere is obviously a reason for this. Other oil stocks were increasing as oil increased.
Also I do not believe that oil will be increasing back up to the $70 - $80 dollar range anytime in the forseeable future. I do not believe that the Saudis will let it happen as if they did then by pushing it down now would be futile. They have done this to knock out the shale players in North America and if they let the oil price go back up to the $70 -$80 range then the shale players will be right back where they were before being able to make a buck again.
The Saudis want the U.S. to continue buying from them and not become self sufficient ... which was what was going to happen around 2016 with the shale plays.
So now back to LTS. There have been some big outfits that have recently downgaded her from a hold ( as seen below ). They have done this for a reason .... no matter what those on the bullboard here imply.
And this is without oil dropping any further.
There are always " upticks " in share prices .... even in a downtrending chart so for traders that wish to try and make a buck then they probably will. But as far as a long term hold then it is very unlikely . Once again take a look at her 5 year chart below.
| Toronto Stock Exchange: LTS | Delayed quote | Today's change | P/E | Market cap | 52-week range |
Lightstream Resources Ltd | $0.99 | -0.02 -1.98% | Negative | 195.74M |  Updated January 9 3:58 PM EST. Delayed by at least 15 minutes. |
Key company metrics
- Open$1.02
- Previous close$1.01
- High$1.04
- Low$0.94
- Bid / Ask $0.98 / $0.99
- YTD % change-16.81%
- Volume 1,826,351
- Average volume (10-day)1,853,777
- Average volume (1-month)2,541,092
- Average volume (3-month)2,131,017
- 52-week range$0.94 to $9.09
- Beta2.77
- Trailing P/ENegative, not meaningful
- P/E 1 year forward2.66×
- Forward PEGNegative, not meaningful
- Indicated annual dividend$0.18
- Dividend yield18.18%
- Trailing EPS-$6.55
Updated January 9 3:58 PM EST. Delayed by at least 15 minutes.
Earnings
Net income grew year over year last quarter from a loss of $6.98 per share to a gain of $0.02.
Events Calendar
Average Rating
Of the 42 analysts surveyed by Reuters Estimates that cover Lightstream Resources Ltd, the consensus rating is an underperform. The rating changed on January 06, 2015 when it was downgraded from a hold.
Opinions & Forecasts Profit
Lightstream Resources Ltd has a net profit margin of -125.40%. Besides being negative, it is also below the industry average and implies that this company is not effective at turning revenues into bottom line profit.
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