Lightstream Resources Ltd. LSTMF

Todays Downturn Set Market Up For A Dramatic Oil Price Spike

[kmapp]

Q2 doesn't seem to bad considering the severity of the downturn, what do other posters think of the Q2 report? Not that a reasonable Q2 will do anything for the share price presently as it seems to me that it will remain stuck around its current level until the proposal is voted on and we see the outcome of that first. Too bad the creditors pulled the plug as I think we could have survived this, although barely. Still trying to decide the prospects for LTS's future, is it better to cash in now with the chance it will go to zero or hold for the vote and the chance it will go up under the new structure in the years to follow? Any reasonable opinions from others as to your thoughts?

Interesting read, not that this will help LTS in it's current situation but the new LTS may benefit from this in years to come if they even survive the vote or by whom ever eventually takes them over? I have been saying this for sometime now that the huge cut backs in capex will cause the cycle to reverse direction and oil will go up in the years to come, by how much, who knows? Enjoy the low gas prices now as it won't last forever, JMO. kmapp

https://oilprice.com/Energy/Energy-General/Todays-Downturn-Sets-Markets-Up-For-A-Dramatic-Oil-Price-Spike.html