Lightstream Resources Ltd. LSTMF

hedging

[orlandofl]

Hopefully LTS did some hedging over $50 to help them buy time for a possible rise in oil prices.  Nearly all analysts are calling for oil to drop to at least $45 short term and technical traders are saying if it hits $44 it could go much lower - I hope that is not the case.  We are still seeing production declines from nigeria to venezuela.  Brexit may put a damper on oil prices for a while - hopefully we can stay near $50 or at least over $45 - the brightside is that we could accumulate more of stocks - this one won't be good for a lingering oil price in the $40's unless they can pull off a major restructure of debt - debt will kill them right now if they don't figure out how to get in under control.  An outright sale might be best at - ideally a 50% premium - I just don't see a higher offer right now and Brexit probably doesn't help with a deal closing right now.  It would be nice if Brexit is a very short term drop, but some think it will dip a bit lower and then take 3 months to return to prior brexit levels.  LTS might be challenged if we go through a 3 month decline in markets.  I'm in pretty small with LTS right now, but heavy with cpg and vet - I'm nore concerned on those dipping - I guess I could pick up a bit more of those if we see more dcecline, but getting pretty heavy in those.  Would be nice to see an LTS deal and a 50% increase from here - a double would be possible - I don't think they would get a double in a buyout, but not impossible - they would need multiple interested parties to get a double, I think, but I may be wrong again on all of it.