Lightstream Resources Ltd. LSTMF

RE:RE:RE:RE:THE PROBLEM ???

[wellsup]

LTS is plauged by debt. In order to maintain exit production numbers new wells have to be drilled to offset the decline on existing wells. Realistically all the producers that are basing the exit numbers on initail production values are going to have to replenish the declining rates with new wells. If they are in debt which i must assume many are, the present oil prices dont help. In regards to the present stock value, i am in the process of aquiring mure stocks as the Cardium assets are equity and if a buy out is going to happen, the offer will most likely be for more than the value of the stock today based on their Cardium, Swan Hills and land assets in these areas. IMHO if they play their cards right, lower their debt (getting rid of Bakken Field) and maintain their Cardium, Swan Hills plays and  drill enough to offset declining production rates (which the exit values are going to change and be serviceable) all will be good after the storm.