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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.
Bullboard Posts
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(65)
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Comment by emmitton May 03, 2016 10:12am
130 Views
Post# 24836461

RE:RE:RE:Today's engineered sell-off

RE:RE:RE:Today's engineered sell-offPro, I don't think you want a LRE scenario. If you look at the metrics that they received for liquids and gas. LTS would not get enough to cover the debt. LTS is now 1/3 gas. They will not get 1.6 billion for the entire company in todays market. Wright is better of waiting and hoping for higher prices. This company looks finished. Sad story, LTS had such great assets, and Wright destroyed it with leverage. Very unfortunate.
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