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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 Kaybobon Dec 01, 2015 12:44pm
142 Views
Post# 24343116

RE:RE:RE:RE:Crescent Point Plans to Resume Buying Spree When Oil Prices

RE:RE:RE:RE:Crescent Point Plans to Resume Buying Spree When Oil Prices I know they want it but Wright wont make a deal until he has to - and he might need to soon.  CPG will have to make a deal with creditors to get it for a haircut on their holdings and that will only happen with more low prices.  CPG does not want their Cardium so I guess that is where CPG and Whitecap (or others) make a joint move.  CPG keeps Bakken and Whitecap (?) gets cardium.  Either way there is a disconnect right now with the amount owed and the amount the assets are worth.  Lots to go thru wash and some painful tumbling in the dryer. haha.

CPG shareholders will not want to see a raise at $17 but everything is relative.  So my guess is he will do an equity raise, make a deal with creditors and get LTS by the first quarter 2016.
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