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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 xblueboyxon Aug 12, 2015 10:29am
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Post# 24010488

RE:I'm sorry did I read this right?

RE:I'm sorry did I read this right?that is of course huge. 1/2 of that likely from US (as the EIA adjustment) so I don't think we can expect to see that volume of supply decrease every month. but the other half is everyone else non-opec.....that may very well be repeatable month to month.....and in 100k bpd from states...... is it reasonable to expect a drop in production supply of 400k/bpd every month now? this fits my thesis of a Q4 ralley in oil. this grossly over powers any impact from iran in 2016. and this out come makes a lot of sense, given everyone in the world just stopped drilling this winter.
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