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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 whitehorn1on Aug 10, 2015 12:58am
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Post# 24002249

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:" LITTLE OSTRICH "xblueboyx, True, I agree not many producers are making that much money at 40 dollar oil. That said, I don't think there is enough "pain" out there yet, there are still lots of hedges in play, plus considerable cash holdings by the smarter oil companies at higher prices i.e. 100ish for the last few years throughout the world. Plus, oil keeps oversupplying the market - "simply said", including high inventories, and massive storage which tells me there is still "profit" in the system. That's why I think producers can keep this going in the 40's for awhile i.e. year but not forever mind you. Once this gets into the 30's will change that scenario significantly. I'm betting oil gets into the 30's based on the push down the last month, the question being how long will it trade in the 30's. Also, could there be a Mar 2009 scenario where oil reached bottom temporarily in the 30's than began it upward trend i.e. Capitulation.
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