GREY:LSTMF - Post by User
Comment by
emmitton Jun 10, 2016 3:25pm
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Post# 24955830
RE:RE:RE:Harold Hamm why I predict 70 oil by the end of the year
RE:RE:RE:Harold Hamm why I predict 70 oil by the end of the yearThere are so many moving parts with LTS. They are fighting to make debt payments but in the background, production is being reduced and light oil production is being replaced with natural gas. Looking forward, LTS needs oil over $55 for at least 6 months to get any traction, otherwise the pain of declines will really be felt. Truly feel for the investors who have lost $$$ in this company.. I can't beleive what Wright has done to this company. Destroyed beautiful assets, high netbacks. He has pulled off the impossible and destroyed this company. I still remember when people would debate between CPG and LTS(petrobakken).Buddy of mine has lost over 100k trying to catch a falling knife. Sold at $3.00, thank God! End of rant....
Good luck.