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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. > BREXIT! Flight of European investors to Canadian oil!
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Comment by orlandoflon Jun 25, 2016 12:05pm
75 Views
Post# 24998302

RE:RE:RE:RE:RE:BREXIT! Flight of European investors to Canadian oil!

RE:RE:RE:RE:RE:BREXIT! Flight of European investors to Canadian oil!
survivor2015 wrote:
"Only way to get a decent offer would be with competition to buy them out".  Oh, ok.  So you work for the competition?

Who?

CPG, WCP, RRX or private equity all on the take over & acquisition buying spree?

Whitcap bought some of the Husky Saskatchewan assets, CPG has bought from LTS in the past and are likely eager to scoop up this $38M market cap company that has $3B in assets (repriced to firesale prices of $2.5B in March 2016)

I still think they will go up and survive, but I just don't see this being a 10X to 40x bagger short term - how do you justifya price of $1 to $4 like about 3 of you suggest?
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