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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

Comment by bushhog1on Jun 08, 2016 9:01am
157 Views
Post# 24945328

RE:very interesting situation

RE:very interesting situationThe last time oil was at these prices, LTS was trading about $0.60

This fear of bankruptcy is overblown.

LTS has until the 28th of July 2016 to fix this $121M overdrawn
and they said this could be done by the end of June 2016.
They also laid out their options.

Comparing LTS with BTE.
Bookvalue BTE($0.02)  LTS ($2.40)
Overdue Debt ( $209M) LTS ($0.00)

Only ny opinion





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