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Lightstream Resources Ltd. LSTMF

"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

Bullboard Posts
Comment by whitehorn1on Oct 29, 2015 12:27am
109 Views
Post# 24237594

RE:nibbled yet again 30 cents USD

RE:nibbled yet again 30 cents USDorlandofl, "hoping" your strategy will benefit going forward on adding shares in this downturn. You could have the benefit of buying at the absolute bottom and have the highest upside on return - 10 bagger plus is very possible. I was considering doing the same, "but" have not bought any resource stock since Oct 14. My biggest concern, oil prices remain low for a couple of years. I do think there will be plenty of time to enter the markets i.e. 1/2 year to still realize good gains. I still remember the "yucky" market in 98/99, bought 3 oil stocks - 2 went broke and the other was about a 20 bagger. It paid off, but it was about 6 years later. The first 3 years, was dead money. I like your strategy as mentioned as high risk to reward. Oil will turn to the upside, but there will be many casualties along the way if it lasts a couple more years.
Bullboard Posts