Lightstream Resources Ltd. LSTMF

Extremely Challenging sector

[whitehorn1]

I have to agree with some of the posters here on oil price. The oil sector needs another leg down and trade below 40 dollars for the next 6 months. This will be extremely healthy for the sector and get rid of all the deadweight. That being said, I think LTS would survive as debt convenants are not due for a couple of years. The problem being is if oil trades at 45-50, this will keep all the marginal companies still afloat and cause the price to stay down longer and fester in this range. I definitely don't want to see a resemblance of oil with the mining sector which has been struggling significantly since 2011, and no evidence of a turnaround any time soon. Oil could be the same, if this "copycats" the mining sector.