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 whitehorn1on Aug 09, 2015 9:08pm

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Post# 24001999

RE:RE:RE:RE:RE:RE:RE:RE:" LITTLE OSTRICH "

xblueboyx, agree with your comments. I strongly believe the cure for low oil prices is low oil prices. Also, the lower it gets the bigger the rebound. I am actually hoping oil gets to the 30's and stays there for a few months. Many companies will stop producing especially the ones that don't need to based on their strong balance sheets. This will cut allot of oil off the market. Otherwise, my worry with 55 dollar oil is that it could stay at those levels for a few years as the better performers will keep producing and still saturate the market. The quicker this gets to 30 the better off the industry will be going forward - as many explorers/exploration will come to a screeching halt along with production. I don't want oil trading like gold and metals for the next 5 years i.e. 2011 to present.

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