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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. > LTS can payoff overdrawn LOC from regular business.
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Comment by oilman53on Jun 28, 2016 11:11am
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Post# 25004772

RE:RE:RE:RE:RE:RE:RE:LTS can payoff overdrawn LOC from regular business.

RE:RE:RE:RE:RE:RE:RE:LTS can payoff overdrawn LOC from regular business.Page 3 of the quaterlies shows a negative FFO for the first half of 2016 estimated at 10 Million buckaroos.  Same page management states they expect a "slightly" positive FFO for the second half.   These guys production has dropped from 44,000 BOPD at the end of 2014 to todays 26,000 and it keeps dropping at around 2% per month, which quickly negates any rise in price.  Furthermore, their Cardium production is becoming more and more gasssy which means less money.  I laugh when some idiots on this board refer to an excellent first quarter with netbacks higher than all their competitors!  You cant use EBISTA number when a company like this one has so much debt.  It's like me ignoring my mortgage payments when calculating my dispoable income...
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