GREY:LSTMF - Post by User
Comment by
bushhog1on Nov 26, 2015 4:01pm
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Post# 24329234
RE:RE:VERY LIGHT TRADING TODAY
RE:RE:VERY LIGHT TRADING TODAYSad way to go for Spyglass.
In the last year their Equity dropped from $411M to $48M
Mainly do to an assets' sales with a big loss and then Management revaluing
the remaining assets downwards with the oil drop.
Lightstream is also revaluing their assets downwards with the drop in oil prices.
In fact they already wrote off about $1,235M in revaluation in the last year.
Lots of oil Companies did not revalued their assets downwards.
Only my opinion