Lightstream Resources Ltd. LSTMF

Harold Hamm why I predict 70 oil by the end of the year

[kmapp]

Interesting video discussing the fact the world is already in a deficit with oil production earlier than expected. What worries me is LTS is running out of time to benefit from the change in trend. LTS has 40M+ interest due in 5 days, although when I discussed this with LTS they will have 30 days grace to settle. Will LTS have the debt financing in place in time, by the end of June to mid July to prevent default with this 42M and the looming 121M? Will LTS end up the same as TBE, extensions etc. leaving shareholders in limbo for weeks to months to come? Hard on the nerves but still holding on trying to keep positive waiting for the outcome. GL to us long suffering longs. kmapp


https://www.bloomberg.com/news/videos/2016-06-09/harold-hamm-why-i-predict-70-oil-by-the-end-of-the-year

[bushhog1]

The Interest payment for June 15 is about $32M ( varies with the Cad$ exchange rate) The CEO said its not a problem because in Q2 they were making well in excess of $20,000 cash flow monthly plus they have ample cash balance. Also helped by Oil prices going up. Their problem is to address the $121M due by the end of July 2016

[orlandofl]

if they make that payment  I think that would be a positive sign

[emmitt]

There are so many moving parts with LTS. They are fighting to make debt payments but in the background, production is being reduced and light oil production is being replaced with natural gas. Looking forward, LTS needs oil over $55 for at least 6 months to get any traction, otherwise the pain of declines will really be felt.  Truly feel for the investors who have lost $$$ in this company.. I

[number1hit]

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[DocMailloux]

According to the CC at 50$ oil there able to re start production plan and invest at growing production 

[orlandofl]

I hope he is right - I hope LTS gets funded for the longs being beaten up - I got killed on LTS - did pick up another 2K - CPG at $17.25 US today and another 1600 VET at $34.35 and $34.30 US - we'll see if it comes back today or not - I think we'll keep going higher - I am thinking the correction has happened, but it wouldn't surprise me at all if I jumped in too soon like usual, but I

[number1hit]

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