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Lightstream Resources Ltd. LSTMF

"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

Post by orlandoflon Jun 07, 2016 9:26am
137 Views
Post# 24940946

funding

fundingif they don't get funded they just missed it, if they do get funded they just made it - I think if oil stays over $50 that they should get funded - not that they necessarily will, but I think they could survive at $50 oil - not comfortably, but they could possibly keep production flat and break even or make a small, small profit - will be very interesting to see what happens - I am leaning toward them getting funded - I stiil won't do anything with LTS until they are funded then I'll look to get in at the right time.  If they get funded they should pop and depending on oil go up or down from there.  I may get back in at the right price if funded.  They may need to issue rights to 50M to 100m shares, but I don't see that being that big a deal based on these oil prices.
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