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Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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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 JohnDDon May 26, 2015 6:33pm
197 Views
Post# 23766996

RE:RE:RE:RE:RE:RE:RE:RE:Canadian #energy M&A alert! Crescent Point is buying Legacy

RE:RE:RE:RE:RE:RE:RE:RE:Canadian #energy M&A alert! Crescent Point is buying Legacy


I think CPG is only really interested in the Bakken and not the entire company, so at $70k/boed that put the price of the Bakken at ~$1 billion - a number that is not even close to what JW is looking for and I agree with him. No point in selling at these prices.

If we value LTS at $70k/boed that works out to the following share price:

35k boed* $70k/boed = $2,450k - $1,700k = 750/197= $3.80/share

Lets call it $4 and share.

Based on this sale metric LTS should be trading higher, but I doubt it will.

I always expected a sales of the Bakken would not happen until the 4Q15/1Q16 and that still holds based on today's news.




 

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