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 kmappon Jan 22, 2016 8:06am

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Post# 24483300

RE:Goldman Sachs

It's only a question of time for the mainstream media, analysts, brokerages et al to change it's focus from oil's going down to oil's going up. Once all of the above have beaten that dead horse oil's going down story to death, only when they feel they have gotten all they can out of the story and exited their short positions shifting now to secure their long positions the tide of news will change to the positive. The RawDawg101 quoted link below from oilprice.com about Goldman Sachs is only the beginning. If you look around you can find little bits of news starting the tide of change already, like this storys link, notice the headline title!

https://oilprice.com/Energy/Crude-Oil/US-Crude-Production-Could-Fall-Harder-Than-Thought-In-2016.html

A quote below from another article I read this morning seems to sum it up well. JMHO. kmapp

Essentially, it goes like this: when everybody crowds into a trade, an idea, or an opinion, that’s exactly the time to take the other side of the bet. When it seems like everyone is calling for oil to continue to fall, that’s the opportune time to be contrarian