Lightstream Resources (LTS.TO) Buy, Sell or…

Lightstream Resources (LTS.TO)

0.00

-0.00 (0.00%)

58 watching

COMMENT

Had some production and balance sheet issues last year. They seem to have addressed the balance sheet. Pays a nice dividend. Trades at a discount to Crescent Point (CPG-T) which she owns. However, Crescent Point has a huge land inventory and has consistently been increasing production. At $95, she thinks crude is at the top end of its range.

HOLD

(Market Call Minute.) Has had a nice little run off the bottom but would Hold at this level.

HOLD

Bought into the revival a few months ago after it had been trashed by a statement about the balance sheet, which was then amended. Then it got cratered along with other oil/gas stocks. Thinks it is well able to cover its 7.4% dividend. Payout ratio of only 53%. This is essential to the Petrobank Energy and Resources Group (PBG-T). Has tremendous assets.

COMMENT

Trading at around 5X EBITDA versus the group at around 8X. Also they have really executed on production more than the market expected. There are still some concerns. Had some real balance sheet issues but they took care of those. Primarily light oil and if you think that oil is going higher, this is a good name.

COMMENT

(Market Call Minute.) Did a great job of deleveraging the balance sheet. Dividend is safe. Trades at about a 2.% discount to other oil companies.

COMMENT

They have to show consistent production growth.

SELL

Had a history of over promising and under delivering but feels this is behind them right now. Trade at a premium to Petrobank (PBG-T) so perhaps there is not a tremendous upside catalyst. Crescent Point (CPG-T) would be a better: the name.

WATCH

Dividend outlook was in question in the fall. They had a convertible debenture in the fall. This was a large overhang. They had a management change and they did a fantastic job of cleaning this up.

DON'T BUY

Has it as an outperform. Sold it year ago. Prefers BTX-T

BUY

(Market Call Minute.) Had a good comeback after a couple of years of underperformance.

COMMENT

They have been in difficulties for more than a year. Production has stalled. They were over-leveraged. Not convinced dividend is sustainable, but at least stock has stabilized. Good assets, but results are not meeting expectations.

DON'T BUY

Management team has a track record of over promising and under delivering. Leveraged their company to the extent that they had to sell a number of their Bakken assets. Would prefer Crescent Point (CPG-T) instead. 7.9% yield. (See Top Picks.)

COMMENT

Have done a great job of cleaning up the balance sheet and restructuring some of the debt by selling some assets. The remaining challenge is that their decline rate is still very high. There are other names where the risk/reward is better.

COMMENT

Have looked at this from time to time but has not bought it. They are in an area that she likes. Have had a little difficulty in the last couple of years on delivering of production so she wants to see a few quarters of sustainable production and costs.

COMMENT

Has never had the courage to buy this one. Had a very rocky start and he is not convinced that there won't be more. Prefers Crescent Point (CPG-T).

Showing 76 to 90 of 189 entries

Most Recent Experts

Paul Harris, CFA

Harris Douglas Asset Management

The Panic-Proof Portfolio (Stockchase Research)

Stockchase Premium

Jim Lebenthal

Cerity Partners

Joe Terranova

Virtus Investment Partners

Rob Sechan, Managing Partner, New Edge Capital

New Edge Capital

Wealthica The ultimate 360° Tracker Your financial life in one place, automatically

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : [email protected].

Lightstream Resources (LTS.TO)