Lightstream Resources | StockChase
189
Lightstream Resources (LTS-T (Delisted)

Last Price Recorded: $0.1150 on 2016-10-26

ON STOCKCHASE SINCE Oct 2009

Formerly PetroBakken Energy

oil/gas
189
Lightstream Resources (LTS-T (Delisted)

Last Price Recorded: $0.1150 on 2016-10-26

ON STOCKCHASE SINCE Oct 2009

Formerly PetroBakken Energy

oil/gas

Lightstream Resources


Signal Opinion Expert
SELL

(Market Call Minute.) An over levered balance sheet, and he has concerns the stock could go to zero.

oil/gas

(Market Call Minute.) An over levered balance sheet, and he has concerns the stock could go to zero.

oil/gas
Alex Ruus

Portfolio Manager, Arrow Capital Manage...

PricePrice
$0.115
Owned Owned
Unknown

SELL

He would sell this and take a tax loss, and take your money and put it into almost any other name. This company has no equity value in his opinion.

oil/gas

He would sell this and take a tax loss, and take your money and put it into almost any other name. This company has no equity value in his opinion.

oil/gas
Eric Nuttall

Partner & Senior Portfolio Manager, Ninepoint Partners...

PricePrice
$0.115
Owned Owned
No

SELL

(Market Call Minute.) This is a terminal company with zero equity value and you should blow this out and move on.

oil/gas

(Market Call Minute.) This is a terminal company with zero equity value and you should blow this out and move on.

oil/gas
Eric Nuttall

Partner & Senior Portfolio Manager, Ninepoint Partners...

PricePrice
$0.175
Owned Owned
Unknown

PAST TOP PICK

(A Top Pick Feb11/15. Up 75.52%.) *Short* Has a lot of problems and will probably tumble another $0.30 towards zero. This was a stock that was very much linked to this whole energy weakness. He has bought back in much of his position, so doesn’t hold very much anymore.

oil/gas

(A Top Pick Feb11/15. Up 75.52%.) *Short* Has a lot of problems and will probably tumble another $0.30 towards zero. This was a stock that was very much linked to this whole energy weakness. He has bought back in much of his position, so doesn’t hold very much anymore.

oil/gas
John Stephenson

President & CEO, Stephenson & Company...

PricePrice
$0.355
Owned Owned
Yes

PAST TOP PICK

(A Top Pick Jan 2/15. Up 82.11%.) *SHORT* The whole Short thesis has been a positive one. He still has a tiny bit left, but has closed essentially 99% of his Short.

oil/gas

(A Top Pick Jan 2/15. Up 82.11%.) *SHORT* The whole Short thesis has been a positive one. He still has a tiny bit left, but has closed essentially 99% of his Short.

oil/gas
John Stephenson

President & CEO, Stephenson & Company...

PricePrice
$0.220
Owned Owned
Yes

PAST TOP PICK

(A Top Pick Jan 2/15. Up 80.08%.) *SHORT*. A company that has been really struggling for some time. Balance sheet issues. He still likes this as a Short.

oil/gas

(A Top Pick Jan 2/15. Up 80.08%.) *SHORT*. A company that has been really struggling for some time. Balance sheet issues. He still likes this as a Short.

oil/gas
John Stephenson

President & CEO, Stephenson & Company...

PricePrice
$0.245
Owned Owned
Yes

SELL

(Market Call Minute.) Take your tax loss. In his opinion there is zero equity value in this company.

oil/gas

(Market Call Minute.) Take your tax loss. In his opinion there is zero equity value in this company.

oil/gas
Eric Nuttall

Partner & Senior Portfolio Manager, Ninepoint Partners...

PricePrice
$0.345
Owned Owned
Unknown

DON'T BUY

The short term risk is to the downside with the whole sector.  You want to be buying into the sector on pullbacks, however.  He tunes it out when a stock is in the $1 range.  It means there are some kind of problems.  It is down 90%.

oil/gas

The short term risk is to the downside with the whole sector.  You want to be buying into the sector on pullbacks, however.  He tunes it out when a stock is in the $1 range.  It means there are some kind of problems.  It is down 90%.

oil/gas
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Manageme...

PricePrice
$0.930
Owned Owned
Unknown

COMMENT

Earnings have vanished and are expected to be minus $0.72 in the coming year. The quality of its balance sheet is pretty good, so it looks to have some defensive firepower. Trading at an 80% discount to BV. If you own, put it away and cross your fingers. Very cheap.

oil/gas

Earnings have vanished and are expected to be minus $0.72 in the coming year. The quality of its balance sheet is pretty good, so it looks to have some defensive firepower. Trading at an 80% discount to BV. If you own, put it away and cross your fingers. Very cheap.

oil/gas
Ross Healy

Chairman, Strategic Analysis C...

PricePrice
$1.580
Owned Owned
Unknown

DON'T BUY

Stay away.  Lots of debt on the balance sheet.  The dividend was cut. 

oil/gas

Stay away.  Lots of debt on the balance sheet.  The dividend was cut. 

oil/gas
James Hodgins

Chief Investment Officer, Curvature Hedge Stra...

PricePrice
$0.940
Owned Owned
Unknown

COMMENT

At these prices, you are betting that the company doesn’t have to restructure before oil prices recover. He thinks we are in the middle of a bounce in oil that will retrace a little bit. In the near term he is cautious on oil, but in the 2nd half of the year thinks we are going to get a sustainable recovery in oil prices. This company is going to be challenged, but you are at about $1.50 right now. It is like a bit of an option right now, in that you are betting on a recovery before a restructuring.

oil/gas

At these prices, you are betting that the company doesn’t have to restructure before oil prices recover. He thinks we are in the middle of a bounce in oil that will retrace a little bit. In the near term he is cautious on oil, but in the 2nd half of the year thinks we are going to get a sustainable recovery in oil prices. This company is going to be challenged, but you are at about $1.50 right now. It is like a bit of an option right now, in that you are betting on a recovery before a restructuring.

oil/gas
Bruce Tatters

Founding Partner and CIO, Triumph Asset Manage...

PricePrice
$1.480
Owned Owned
Unknown

TOP PICK

(Short) A debt heavy oil producer. It is up against its bank lines. Have covenants of 4X net debt to EBITDA. Bonds are selling at less than $0.60 on the dollar.

oil/gas

(Short) A debt heavy oil producer. It is up against its bank lines. Have covenants of 4X net debt to EBITDA. Bonds are selling at less than $0.60 on the dollar.

oil/gas
John Stephenson

President & CEO, Stephenson & Company...

PricePrice
$1.450
Owned Owned
Yes

TOP PICK

SHORT. This has come down a lot already and he thinks it continues to drift down to $0.20, and maybe even lower. Their big problem is that they have a lot of debt. They are trying desperately to shore up their balance sheet and sell their south east Bakken lands, with no real luck. Debt to cash flow is 7.1X. Have already slashed their CapX budget by 61% and the dividend by 63%.

oil/gas

SHORT. This has come down a lot already and he thinks it continues to drift down to $0.20, and maybe even lower. Their big problem is that they have a lot of debt. They are trying desperately to shore up their balance sheet and sell their south east Bakken lands, with no real luck. Debt to cash flow is 7.1X. Have already slashed their CapX budget by 61% and the dividend by 63%.

oil/gas
John Stephenson

President & CEO, Stephenson & Company...

PricePrice
$1.230
Owned Owned
Yes

DON'T BUY

Unless you are a real bull on the price of oil, they are too cavalier with capital on the balance sheet.  There are multiple other better names.

oil/gas

Unless you are a real bull on the price of oil, they are too cavalier with capital on the balance sheet.  There are multiple other better names.

oil/gas
Eric Nuttall

Partner & Senior Portfolio Manager, Ninepoint Partners...

PricePrice
$2.370
Owned Owned
No

COMMENT

A very speculative name. At this level, it’s debt to cash flow at $75 oil is 5.2%. Investors start to get nervous at around 3%. He models its payout ratio at 152%.

oil/gas

A very speculative name. At this level, it’s debt to cash flow at $75 oil is 5.2%. Investors start to get nervous at around 3%. He models its payout ratio at 152%.

oil/gas
Greg Newman

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$3.290
Owned Owned
Unknown

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