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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 emmitton Mar 15, 2015 11:45am
95 Views
Post# 23522707

RE:RE:America is Swimming in Natural Gas, But Oil is Different

RE:RE:America is Swimming in Natural Gas, But Oil is Differenthighrider you have to account for the amount of companies that are going bankrupt in the US, when oil does start to recover there will be less rigs, less companies. you don't just flick a switch and things are back to normal.The cost of production is approx $70-80 a barrell. Oil will make it's way back to the cost of production over time. It will be very hard for oil to stay under $55 for an extended lenght of time. What you describe is simply what has always happened with basic supply and demand functions of the market. I'm still looking for $60 oil by year end.
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