Lightstream Resources Ltd. LSTMF

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

[boarderex86]

In summary, FFO is positive above $40WTI and the company is capable of servicing their debt.  

The issue is the revision to the credit line (not the actual company performance) so the future of this stock is likely to be settled in the next 30 days.  If they don't dilute shareholders into oblivion, there will be major gains from where they are now.

oilman53 wrote: 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...