Lightstream Resources Ltd. LSTMF

Going forward oil could stay at 40 dollars.

[whitehorn1]

Interesting reading all the comments. I seek a higher oil price as have investments in oil, however need to look at reality. Many people think this turnaround will be quick for oil to trade to the 60's and beyond. I have a feeling this time era 2015, oil will stay down below 50 for a couple of years. I equate this time period to 98-01 where oil stayed in the "sh*tter" for about 4 years. I believe the pain is going to last till about around 2017. The smarter oil companies will find ways to produce oil at 40 -50 profitable and the others will be bought or squeezed out due to financial hardship. I made my most money on oil stocks when oil traded at around 40-60 dollars around 2005ish. Oil companies will need to be very creative and it can be done, there is still lots of wasted money. In Canada, although safety is extremely important as I was belonged to a safety committee, but it has become Safety Stupid with lots of wasted money. Secondly, instances like bosses/consultants being paid a 1000 bucks a day plus (i.e. sitting in their trucks) to watch/supervise workers cut grass/paint/operate equipment on oil leases. On the management side, some CEO's getting paid 100 times their workers, this gap has widened considerably since the financial collapse in 2008, plus executives getting huge bonuses i.e. millions for deals, which is part of their "f*ckn" job - like I need a hero biscuit. Yes, still lots of money being wasted. This will definitely change, if they want to keep in business.