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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 whitehorn1on Nov 28, 2015 11:59am
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Post# 24334630

RE:RE:first spyglass then long run exploration will be next

RE:RE:first spyglass then long run exploration will be nextKaybob, all good points and agree totally that LTS will not be around in 2017 with 40 dollar oil long term. That said, I am a strong believer that we need oil to remain at these levels i.e. 40 dollars for another 6 months i.e. June 2016. This will force many companies to shut in and curtail production along with projects. The 3 billion barrels of oil inventory surplus in the world is not going away any time soon. Total destruction in the oil sector basically sums it up, some say one of the worst downturns in history.
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