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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. > On A Few Green Days
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Comment by DocMaillouxon May 26, 2016 1:22am
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Post# 24905527

RE:RE:RE:RE:RE:RE:RE:RE:RE:On A Few Green Days

RE:RE:RE:RE:RE:RE:RE:RE:RE:On A Few Green DaysThey sold none core for a total of 729 million $ when oil was trading at 100$ including some  to CPG which by today's price you could say CPG overpaid for LTS assets in 2014 . 

Hey its its all relative no one expected oil to stay this low for this long , same with LTS , if the company goes under its sad because its happening when the cycle as bottomed and we are entering a sustained oil price recovery .

if they dilute or sell assets to survive then yes you could say they sacrificed a part of the company to survived but there's been a 100 bankruptcy in the E & P space in the last 18 - 24 months . I would say having LTS survive is an accomplishment by itself .
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