Lightstream Resources Ltd. LSTMF

RE:bloomberg communists now say low oil for 2 years !

[highrider1]

How many pennies on the dollar do you think that LTS could get bought for with 4 times the debt compared to their market cap ???
 
 
 
 
 

Preston values the Bakken assets at about C$1 billion, compared with Lightstream’s market capitalization of just C$204 million. Crescent Point Energy Corp. (CPG), a possible suitor for the assets or company, “is in the driver seat and Lightstream is backed into a corner,” Preston said.

While Lightstream Monday announced the suspension of dividend payments and a small asset sale, the company’s debt is poised to amount to almost 10 times its cash flow this year, which violates debt covenants, Preston said in a note, recommending shareholders sell the stock.