Light Stream Dividend LSTMF

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llm_cfp
Posts: 28
Joined: Thu Feb 03, 2011 4:58 pm

Light Stream Dividend LSTMF

Post by llm_cfp »

BIG FYI..... yield the dividend is converted from Canadian to American dollar so even though it shows .04, what we get is .035828 for a yield of like 16(still to bad); but its not the 20%......also there is no DRIP program...in light of this I am considering changing my yield strategy to lnco(12% plus and drip(deferred taxes)) or memp
dan_s
Posts: 37281
Joined: Fri Apr 23, 2010 8:22 am

Re: Light Stream Dividend LSTMF

Post by dan_s »

Yes, everything reported by Lightstream (including the dividends) is in Canadian dollars.

LINE is an MLP and a large portion of the distributions is "tax deferred".

LNCO is a C-Corp, so the dividends are just regular taxable dividends.
Dan Steffens
Energy Prospectus Group
Laurin_DE
Posts: 70
Joined: Mon Sep 30, 2013 9:18 am
Location: Bremen, Germany

Re: Light Stream Dividend LSTMF

Post by Laurin_DE »

Lightstream is really amazing... down another 9% as I write...
looks as if the combination of institutional selling with general selling for tax reasons and for switching into stocks whose dividend appears to be more sustainable, creates a share price that is just unbelievably low. It cannot go on like this much longer, imo.

Dan,
what is a realistic price at which a bid for Lightstream could be successful?

Cheers - Laurin
dan_s
Posts: 37281
Joined: Fri Apr 23, 2010 8:22 am

Re: Light Stream Dividend LSTMF

Post by dan_s »

My valuation is $11.35Cdn per share. It will be interesting to see how the market reacts to their year-end reserve report.

What is so weird about this one is that the company got a much better price for their non-core asset sales than their goal and the market sold off on the news. Plus, the 3rd quarter results were actually fairly good. Take out the non-cash "Foreign exchange loss" and the EPS would be over $0.20. Operating cash flow per share was $0.65 in Q3 and should be over $0.55 in Q4 despite the lower production due to asset sales. They are producing free cash flow from operation and should be able to continue if WTI stays in the $80/bbl range.

It is very important to note that my forecast is in Canadian dollars. In Canadian Dollars, WTI is at closer to $90/bbl today.
Dan Steffens
Energy Prospectus Group
jsb1949
Posts: 39
Joined: Thu Oct 10, 2013 4:51 pm

Re: Light Stream Dividend LSTMF

Post by jsb1949 »

Trading at less than 1 x CF. Make it stop.
llm_cfp
Posts: 28
Joined: Thu Feb 03, 2011 4:58 pm

Re: Light Stream Dividend LSTMF

Post by llm_cfp »

so does the rising dollar act against the Canadian dollar act as a natural hedge helping Canadian companies?
avl
Posts: 1
Joined: Sat Mar 01, 2014 10:53 pm

Re:MEMP

Post by avl »

Dan,
What do you think about the last report and today's plunge of MEMP? Would you continue holding it? Thanks.
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