Lightstream Resources

LTS-T

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Analysis and Opinions about LTS-T

Signal
Opinion
Expert
BUY WEAKNESS
BUY WEAKNESS
October 27, 2014

They have had flat revenues for 4 or 5 years now. There is not a big growth profile to the company. With energy prices as they are, they should tend to do very poorly. You are going to see way more volatility over the next year. The trends aren’t good here. This stock is getting very, very oversold and so you could nibble at it, but it will come with lots of volatility.

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They have had flat revenues for 4 or 5 years now. There is not a big growth profile to the company. With energy prices as they are, they should tend to do very poorly. You are going to see way more volatility over the next year. The trends aren’t good here. This stock is getting very, very oversold and so you could nibble at it, but it will come with lots of volatility.

SELL
SELL
October 17, 2014

Not a prime takeover candidate, payout ratio of 155%. He would not own this one.

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Not a prime takeover candidate, payout ratio of 155%. He would not own this one.

SELL
SELL
October 17, 2014

He has been short for a long time. When they have a lot of leverage or are higher on the cost curve, they are sensitive to weak oil prices. He thinks they will be in a lot of trouble if oil stays low. The dividend is a big warning sign and is not sustainable. If oil prices rallied, the stock might do fine.

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He has been short for a long time. When they have a lot of leverage or are higher on the cost curve, they are sensitive to weak oil prices. He thinks they will be in a lot of trouble if oil stays low. The dividend is a big warning sign and is not sustainable. If oil prices rallied, the stock might do fine.

WATCH
WATCH
September 30, 2014

The one thing it might have going for it is around $5.25, it tested, and found support and bounced off it. You need to see that it holds this test of today. The bigger trend is down so this would be a trade and not an investment. 9% yield is too good to be true.

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Lightstream Resources (LTS-T)
September 30, 2014

The one thing it might have going for it is around $5.25, it tested, and found support and bounced off it. You need to see that it holds this test of today. The bigger trend is down so this would be a trade and not an investment. 9% yield is too good to be true.

COMMENT
COMMENT
September 19, 2014

It completed its disposition program. Had to make asset sales, which it did on fairly favourable terms. As a result they reduced their production guidance for the year, but that was expected. Cheap relative to its peers. Debt to Cash Flow for 2015 is 2.9 times, which is still a little bit stretched. Thinks it is an oversold name. Would prefer Long Run Exploration (LRE-T).

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Lightstream Resources (LTS-T)
September 19, 2014

It completed its disposition program. Had to make asset sales, which it did on fairly favourable terms. As a result they reduced their production guidance for the year, but that was expected. Cheap relative to its peers. Debt to Cash Flow for 2015 is 2.9 times, which is still a little bit stretched. Thinks it is an oversold name. Would prefer Long Run Exploration (LRE-T).

DON'T BUY
DON'T BUY
July 31, 2014

Have been improving their operations and have been making asset sales, which is what the market wants to see. Payout ratio is getting a little bit better. For the risks, he thinks there are better names such as Long Run Energy (LRE-T) which probably has much better upside. He is optimistic as they have executed on their turnaround, but there are better opportunities elsewhere.

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Have been improving their operations and have been making asset sales, which is what the market wants to see. Payout ratio is getting a little bit better. For the risks, he thinks there are better names such as Long Run Energy (LRE-T) which probably has much better upside. He is optimistic as they have executed on their turnaround, but there are better opportunities elsewhere.

DON'T BUY
DON'T BUY
July 17, 2014

Continues to look at it as a value play but finds others are preferable. It is cheap on a multiple level, but has too much debt to grow earnings in a meaningful way. Prefers WCP-T.

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Continues to look at it as a value play but finds others are preferable. It is cheap on a multiple level, but has too much debt to grow earnings in a meaningful way. Prefers WCP-T.

DON'T BUY
DON'T BUY
July 16, 2014

Struggling. They suffer from a balance sheet that has been stressed. Made some moves to try to rectify that. Looks like production is flat to falling. Doesn’t look at this as a great growth story. There are better names to own.

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Struggling. They suffer from a balance sheet that has been stressed. Made some moves to try to rectify that. Looks like production is flat to falling. Doesn’t look at this as a great growth story. There are better names to own.

COMMENT
COMMENT
June 5, 2014

This is suffering like other companies in this space, by trying to do too many things at once, such as paying a big yield, grow really fast and trying to please both sides. This company can get out of this, but it is going to be a long turnaround. There are better places, but if you own the stock, there are better days ahead for the company.

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This is suffering like other companies in this space, by trying to do too many things at once, such as paying a big yield, grow really fast and trying to please both sides. This company can get out of this, but it is going to be a long turnaround. There are better places, but if you own the stock, there are better days ahead for the company.

COMMENT
COMMENT
May 6, 2014

Just bought some based on their momentum. They are getting their balance sheet in order. He has a $7 rating on it. A more speculative name.

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Just bought some based on their momentum. They are getting their balance sheet in order. He has a $7 rating on it. A more speculative name.

DON'T BUY
DON'T BUY
February 12, 2014

Not on the top of his most favourite list, principally because of the financial leverage that exists. When you look at the “all in payout ratio” that includes the dividend plus the capital spending program, it looks like they are spending about 120% of cash flow, which is not too uncommon in the industry, but they have $2.6-$2.7 billion in debt. Yield may be slightly seductive at 8% but there are better alternatives.

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Not on the top of his most favourite list, principally because of the financial leverage that exists. When you look at the “all in payout ratio” that includes the dividend plus the capital spending program, it looks like they are spending about 120% of cash flow, which is not too uncommon in the industry, but they have $2.6-$2.7 billion in debt. Yield may be slightly seductive at 8% but there are better alternatives.

SELL STRENGTH
SELL STRENGTH
January 7, 2014

It has not done well and has rebounded after tax loss selling. Cut the dividend a couple of times but is still overpaying. Go to LEG to get the same assets.

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It has not done well and has rebounded after tax loss selling. Cut the dividend a couple of times but is still overpaying. Go to LEG to get the same assets.

COMMENT
COMMENT
December 6, 2013

Their debt is higher than the average competitor group. They are trying to right the ship and have some good oil assets. It will be all about whether they can increase management’s credibility. 8.5% dividend.

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Their debt is higher than the average competitor group. They are trying to right the ship and have some good oil assets. It will be all about whether they can increase management’s credibility. 8.5% dividend.

COMMENT
COMMENT
December 4, 2013

Announced plans to improve their balance sheet via some asset sales and a dividend cut. If successful, what do you think of their potential as a takeout target, and where do you see the price in a year? Doesn’t think a takeout would work as they are saddled with too much debt. At this price, he is kicking the tires on it. This will be a tax loss selling candidate putting the share price under pressure, but it could pop in January-February when the tax loss sellers are done. Not unreasonable to see the stock back at $7.50.

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Announced plans to improve their balance sheet via some asset sales and a dividend cut. If successful, what do you think of their potential as a takeout target, and where do you see the price in a year? Doesn’t think a takeout would work as they are saddled with too much debt. At this price, he is kicking the tires on it. This will be a tax loss selling candidate putting the share price under pressure, but it could pop in January-February when the tax loss sellers are done. Not unreasonable to see the stock back at $7.50.

DON'T BUY
DON'T BUY
November 19, 2013

Great company that collected a lot of light oil assets. Used a little too much debt. There are too many question marks around it. Would like to see it come down and bottom out. The dividend should come to zero.

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Great company that collected a lot of light oil assets. Used a little too much debt. There are too many question marks around it. Would like to see it come down and bottom out. The dividend should come to zero.

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