GREY:LSTMF - Post by User
Comment by
Holdernko123on May 06, 2016 8:33am
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Post# 24847250
RE:RE:Conference Call observations
RE:RE:Conference Call observationsFor sure there are some risks to buy LTS now, that is why you can buy at 0.19. Compare to rewards , it is worth to take the risk. If it survived, you will get 10-20 times rewards (above$2.0).
I do not think LTS will be dead based on fowllowing reasons:
1. It is low cost producer.
2. those lenders who lend $1.6 b do not want it be dead.
3. Oil price will go up above $50 next half of 2016. you look at TCW and CFW, more than 60% of equipement idle. Oil demand is increasing fast, on the other hand, investments minimized. This will not last long. History has proved this.