Lightstream Resources Ltd. LSTMF

RE:last chance would be Feb. emergency opec meeting

[whitehorn1]

orlandofl, agree with your comments. Unfortunately the oil industry needs oil to stay at these levels i.e. 40ish till mid 2016. This will no doubt cure the low oil price problem. In fact starting to see it more prevalent in CAODC drilling report dropped to 157 from 177 last week. The only way I can see some hope for survival with LTS is if they shut down their biggest money losing oil fields and some how pay their loan obligations by using their 75 million profit this year to ride it out for 6 months. I don't know the intricacies, but I know the forest industry shut down money losing mills if they could afford it in 07/08. Wright et al lived to high on the hog with their dividend payouts and debt. I assume he thought oil was to low at 100 dollar plus for all these years. I think he was just to egotistical and self centered. Anyways, LTS will be fighting for survival and does not look good going forward.