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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. > Cash flows on oil price and exchange rate improvements
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Comment by blade86caon May 24, 2016 4:02pm
128 Views
Post# 24900629

RE:RE:Cash flows on oil price and exchange rate improvements

RE:RE:Cash flows on oil price and exchange rate improvementsFully Agree, Wright thought he could get CPG to pay more for Bakken even after I remember Saxberg publicy saying at that time they were very interested in LTS assests ( Bakken in paticular ).

I am sure at the time Wright must have thought oil prices will be back above 100$ in no time flat and did absolutely nothing ( aside from collect his salary ) to protect LTS balance sheet and lower debt levels at the time when lots and lots of other companies were doing just that. The creditors and bond holders will very soon own this stock.  

Wright is the best definition of a "reactive" manager and not a "proactive" manager. Always reacting after the market has moved and affected LTS and not before.
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