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Lightstream Resources Stock Symbol: LTS-T

Notes:

Formerly PetroBakken Energy

Last Price Recorded: 6.4800 on 2014-04-17 01:14:51

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Date Signal Expert Opinion Price
2014-02-12 DON'T BUY Bill Bonner

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.


Price:
$6.110
Subject:
CANADIAN ENERGY
Bias:
OPTIMISTIC on ENERGY
Owned:
Unknown
2014-01-07 SELL ON STRENGTH Bruce Campbell (1)

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.


Price:
$6.110
Subject:
CANADIAN LARGE
Bias:
SELECTIVE
Owned:
No
2013-12-06 COMMENT Joanne A. Hruska, CFA

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.


Price:
$5.570
Subject:
OIL & GAS
Bias:
OPTIMISTIC
Owned:
No
2013-12-04 COMMENT Robert Lauzon

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.


Price:
$5.610
Subject:
ENERGY
Bias:
BULLISH on ENERGY
Owned:
No
2013-11-19 DON'T BUY Bill Harris, CFA

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.


Price:
$6.150
Subject:
RESOURCE
Bias:
DEFENSIVE
Owned:
Unknown
2013-11-18 COMMENT Michael Giordano

15.5% dividend because of high debt level.  Production is strong.  May have to tweak the dividend because payout ratio is about 130%.


Price:
$6.130
Subject:
CANADIAN RESOURCE
Bias:
BULLISH on RESOURCES
Owned:
Unknown
2013-11-15 COMMENT Greg Newman

Believes the company is going to come out on Nov 21/13 and provide operational guidance. Expects they are going to cut the 15.5% dividend by 50%. This would be good. At that level, the payout ratio would be about 108%. Debt level is still very high. If they put in these cuts, he thinks the stock can have a nice jump. This is a higher risk stock and you might want to buy it with Call options or do a partial Buy.


Price:
$6.170
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2013-11-04 DON'T BUY Eric Nuttall

Was an aggressive driller back two years ago.  They leaned on their balance sheet and continued to pay the dividend and decline rates skyrocketed.  He is not a fan of the business model.  His views are being confirmed.  Thinks they will cut the dividend.


Price:
$6.420
Subject:
OIL & GAS
Bias:
BULLISH on OIL
Owned:
Unknown
2013-10-16 SELL Bruce Campbell (2)

Street is telling you it is nervous and it does not rank well in his process.  With that kind of dividend he would sell it.  Prefers CPG-T for the dividend.


Price:
$6.710
Subject:
CANADIAN
Bias:
SELECTIVE
Owned:
Unknown
2013-10-08 HOLD Michael Giordano

Believes they have some of the best assets in the Alberta region in their Cardium lands, as well as in Saskatchewan in the Bakken. Dividend yield is something like 13% and this is because they have a very high debt level of about $2.2 billion, which represents about 3.4X debt to cash flow. They have a 90% investment in Trial (?), which is going to be taken over by a Polish company which should help to pay down the debt.


Price:
$7.310
Subject:
RESOURCE
Bias:
CAUTIOUS
Owned:
Unknown
2013-09-13 COMMENT Alice Tsang

13.1% dividend yield and she feels there is a chance that they might cut this because the capital program as well as the dividend comes out to about 130% of cash flow. Have a lot of debt on the books of about 3-3.5 times cash flow, which is high for her. If oil prices were to pull back, that payout ratio would be a lot more. However she doesn’t think the risk of a distribution cut is imminent and you might have a few more months, because management seems to believe that they can continue to use the line to fund operations.


Price:
$7.310
Subject:
CANADIAN RESOURCE
Bias:
CAUTIOUS on METALS
Owned:
No
2013-08-23 HOLD Bill Harris, CFA

(Market Call Minute.) Just not executing.


Price:
$7.400
Subject:
RESOURCE
Bias:
OPTIMISTIC
Owned:
No
2013-08-14 DON'T BUY Michael Giordano

Light oil producer both in the Bakken and the Cardium. Has a whopping $2.2 billion of debt, which has resulted in a debt to cash flow level of 3.5, basically double what other companies are trading at. Very cheap valuation at 4.5X price to cash flow. The dividend, in excess of 12%, signals that there are perhaps better ways to spend the money. Caution on this one.


Price:
$7.540
Subject:
RESOURCE
Bias:
BULLISH
Owned:
No
2013-07-30 DON'T BUY Eric Nuttall

Has been mildly negative on this story for a while because of their propensity to massively outspend cash flow and still pay a dividend by using debt. Debt to cash flow is a little bit too high for him. 11.5% dividend yield.


Price:
$8.410
Subject:
OIL & GAS
Bias:
UNKNOWN
Owned:
No
2013-07-29 COMMENT Greg Newman

Has big debt. Debt to cash flow is 4.7X 2014 estimates. That is big, however the company is saying that they think their effective payout ratio by 2013 will go down to 130%. If they are right, it is a really good Buy at this price. Be aware that there is a lot of debt here. For a risk tolerance investor, this could be a good shot at these prices.


Price:
$8.430
Subject:
CANADIAN DIVIDEND
Bias:
BULLISH
Owned:
Unknown
Showing 1 to 15 of 164 entries
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