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LTS
Posted: Mon Nov 02, 2015 10:53 pm
by dan_s
Lightstream Announces Third Quarter Production of 30,255 boepd and Funds Flow From Operations of $45 Million
Hanging tough so far. "We are re-iterating our annual guidance and expect funds flow from operations to be at the upper end of our $175 to $195 million range"
Re: LTS
Posted: Tue Nov 03, 2015 9:13 am
by mkarpoff
I am curious. Why are you still messing around with this company?
Re: LTS
Posted: Tue Nov 03, 2015 9:47 am
by dan_s
Because it is on my Watch List. Some of the best gains I've ever seen have been on companies the market has written off as dead.
30,000 BOE per day is a real company + they hold a lot of acreage.
Re: LTS
Posted: Wed Nov 04, 2015 3:26 pm
by petrohawk
Thanks Dan for your comment on Lightstream. Those of us who failed to bail can use all the info we can get. Marty
Re: LTS
Posted: Wed Nov 04, 2015 6:27 pm
by dan_s
As long at they are generating free cash flow and paying down their debt, Lightstream will survive. If oil prices rebound to $70/bbl in 2016 (which I fully expect to happen) then LTS could get back to $5.00Cdn.
Oil supply and demand are rapidly moving back to balance.