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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 jontar123on Jan 28, 2015 10:49pm
134 Views
Post# 23375431

RE:RE:valuation

RE:RE:valuationI totally agree its a buyers market, all purchases still have to make sense. CPG is a prime buyer because of the Sask plays and what I heard yesterday, that they are really after is the Cardium area. No one should have ever bet the house, on a stock, I mean that's just common sense. I would never have borrowed money to purchase these shares. You, should always have capital to back stocks, backed by hards such as silver/gold etc.. I do think we are getting ahead of ourselves, and if Wright says he has cash til June, at $50/bbl he probably has cash until atleast May @ $44/bbl, there's lots that can happen in that timeframe. Oil crashed in less time then that, like really crash NOV, DEC, JAN, a couple civil wars in the middle east, major operations breakdowns, Russia going to war with the West, ISS could be the new major player in the middle east instead of SA, in that time. I'm hanging in, do what you please. I'm not going to continue, to talk about, we're all going down with the sinking ship, when theres a million different events that can take place. LTS makes up less then 10% of all my energy plays, I'll ride this thing into CCAA if I have to, that's just my own opinion. Too many people on this board want it to crash before June, let it crash when it crashes. It will probably rebound tomorowo, for some stupid reason, both WTI and Brent are in the Green right now.
Bullboard Posts

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