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Lightstream Resources Ltd. T.LTS

Sector: Energy | Sub-Sector: Oil & Gas E&P
Alternate Symbol(s):  T.PBN | PBKEF | LSTMF

Lightstream Resources Ltd is a light oil-focused exploration and production company. Its operating areas include southeastern Saskatchewan, central Alberta, and north-central Alberta.
Price: $1.39 | Change: +$0.03 | %Change: +2.21%
Volume: 756,196 | Day High/Low: 1.42/1.35 | 52 Week High/Low: 9.09/0.64
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0 stars

RE:jerrybe....I agree surge is better run

I have bought Surge.  They have a conventional oil discovery in the Upper Shaunavon Formation in Western Saskatchewan  that holds about 250 Million barrels of oil (In place I think) but can be...read more
0 stars

jerrybe....I agree surge is better run

and is almost as undervalued as LTS....it is probably a better buy at these levels going forward...I may consider shifting a portion of my LTS onto Surge as a precaution....as for PWT I wouldn't touch...read more
0 stars

RE:I wish decline rate was 20-25....BUT....

Chantal, I like your new found "realism" as to the potential for this stock.  This management has destroyed shareholder value on a grand scale. We are now in a dicy situation with massive interest...read more
0 stars

I wish decline rate was 20-25....BUT....

when you take their guidance exit production of 26500-28500 from current production numbers it actually implies a decline rate of 24%-32%....that is quite a large range for them to give us...I think...read more
0 stars

RE:RE:my calculations show that we need $52 netback to stop

absolutely...that is why we need an asset sale that reduces debt by a higher proportion than the reduction in production that would result from that sale.Selling half our production to get rid of half...read more
5 stars

North Sea oil and gas workers may go on strike

North Sea, oil and gas workers in the UK are moving towards a vote on whether or not to strike after talks with industry representatives over working conditions faltered. “We remain available for...read more
0 stars

RE:my calculations show that we need $52 netback to stop

chantal2468 wrote: shrinking...since we must essentially operate within cash flow that means 95 drilled wells per year split evenly between cardium and bakken...since there is little chance of that...read more
0 stars

RE:you like how they cancelled conference call?

chantal2468 wrote: can do that when you get 94% vote I don't see them having a call on the credit line and just the credit line - it's not ideal, but it may actually be good as it will make them pay...read more
0 stars

RE:Good constraints from the bank

jerrybe wrote: I do not want them to drill at these prices. And I certainly do not want them to pay dividends. It was heresy to keep paying a dividend for the last 18 months with debt ballooning and...read more
3 stars

RE:my calculations show that we need $52 netback to stop

Company is in a death spiral.  Their production is going to shrink 20-25% a year with no drilling and the current 10 dollars (I think) a barrel they have to use for interest payment is going to keep...read more
1 star

my calculations show that we need $52 netback to stop

shrinking...since we must essentially operate within cash flow that means 95 drilled wells per year split evenly between cardium and bakken...since there is little chance of that happening in the next...read more
0 stars

you like how they cancelled conference call?

can do that when you get 94% vote  rate and reply
0 stars

RE:Good constraints from the bank

Very well said Jerrybe. Regarding dividends being paid by these oil & gas companies, you can see the long term effect with what happened at LTS. It is a capital intensive business and you need to...read more
5 stars

Good constraints from the bank

I do not want them to drill at these prices. And I certainly do not want them to pay dividends. It was heresy to keep paying a dividend for the last 18 months with debt ballooning and having to have...read more
0 stars

RE:RE:RE:RE:RE:emmitt...I suggest you put him on ignore

you dman Orlando !  rate and reply
0 stars

OPEC latest monthly report

May OPEC report  rate and reply
0 stars

RE:RE:the good thing is....they can stop drilling completely

Cardboard1 wrote: You are right Chantal. I am actually very surprised that the banks dropped completely the Total debt to EBITDA covenant which was the one they would have breached for sure. The...read more
0 stars

RE:RE:New credit facility out

JohnDD wrote: Orlando said "Down to 750M - a little over 100M available and relaxed covenants based on trailing 12 months trailing EBIDTA and no cash dividends without 100% bank approval - would have...read more
0 stars

RE:orlandofl....this credit facility news seems neutral....

chantal2468 wrote: bids are currently $1.38 which is 2 cents higher than yesterdays close....now that impediment/uncertainty is out of the way all we can hope for is an asset sale....I believe it...read more
0 stars

RE:orlandofl....dont mean to nitpick you....but I did say

chantal2468 wrote: light sweet crude in my post....not WTI....I get my numbers from BOEREPORT.com.....I don't even know if they are spot prices or nearest month contract price....but that is usually...read more