gordoffh

Insider buying and now buybacks right now I hope we can all make money even if it is the money we used to have this fall was painstaking Lightstream Announces Renewal of Normal Course Issuer Bid and Entering Into of an Issuer Repurchase Plan Agreement CALGARY, ALBERTA--(Marketwired - Nov. 10, 2014) - Lightstream Resources Ltd. ("Lightstream" or the "Corporation") (TSX:LTS), is pleased to announce that the Board of Directors of Lightstream has approved a renewal to our normal course issuer bid (the "NCIB") and we have entered into an issuer repurchase plan agreement (the "Plan") with a designated broker to allow for the repurchase of our common shares (the "Shares"). The Toronto Stock Exchange ("TSX") has accepted the Corporation's notice to make a NCIB to purchase outstanding Shares on the open market, in accordance with the rules of the TSX. As approved by the TSX, Lightstream is authorized to purchase up to 19,182,776 Shares, representing approximately 10% of the public float of Lightstream, being 191,827,757 Shares as of November 6, 2014. On any trading day, Lightstream will not purchase more than its average daily trading volume over the previous six months, being 234,384 Shares (other than under a block purchase). As of November 6, 2014 Lightstream has 200,636,311 Shares outstanding. Lightstream is authorized to make purchases during the period from November 12, 2014 to November 11, 2015, or until such earlier time as the NCIB is completed or terminated at the option of Lightstream. Any Shares purchased by Lightstream under the NCIB will be purchased on the open market through the facilities of the TSX and other markets including ALPHA, OMEGA, PURE, Chi-X and Match Now, at the prevailing market price at the time of the transaction. All Shares acquired under the NCIB will be cancelled. As of November 6, 2014, no purchases have been made under Lightstream's previously announced NCIB.

2 more buys for LTS wright himself for 200,000 shares and another at 40,000 i take any positive i can at this point

If you check cdn insider now 3 individuals bought LTS in the mid 2's if i read it right d. Themig purchased 192 k shares if its his money i would say he sees value

I wonder what kind of selling pressure there would be if LTS dropped below margin requirements in Canada which is 3 I believe . that along with tax loss flipping might be real bad. This is an important 3 quarter release. These guys better get it right.

at the low today for LTS market cap is less than the assets sold earlier this year under 700 m the wheels on the truck i backed up are sinking deeper in the now apparent world glut forever of oily quicksand incredible

As Encana sells off gas assets. Bought oil at the top sells gas. Who is right?

perhaps Saudis will stop the fall in oil prices http://www.bloomberg.com/news/2014-10-23/oil-climbs-as-saudi-arabia-said-to-cut-supply-to-market.html an early Christmas present would be for the Saudis to be aggressive in supply cuts and an announcement by\ Lightstream that all issues are resolved at Swan Hills at they are good to go

Next if you do a quick and dirty NAV it comes out to approx. $3.8/shr. My conservative quant model gives a sub $2/share NAV (down from $6, and it takes into account other assets and liabilities). So basically the company destroyed 60-70% of value with a terrible return on a huge capex. It's gone, the company is nearly worthless for equity holders. This was also in a time of high oil prices. really? recommended in jan and 9 months later stock is worthless

Lts now trading at close to valuation of assets they just sold this year this is crazzzy are these cardium and bakken assets and netbacks a fabrication was there coverage of dividend a falsehood the debt is a couple of years out is the world now in a surplus of 50? Dollar oil for a couple of years by the way added under 4 today

A lot of green on the board now. Has sanity returned. We are not going back to the stone age. We need oil and the cheap stuff to be found is not around anymore.

Perhaps the thread should be renamed CDN oil patch giveaway. The way these stocks are falling if we do see 70dollar oil they, ll be at zero. Anyway added more LTS this morning. Feel like I am poker table ready to go all in

another article re value of LTS - not sure i like the dividend cut scenario but of course if stock jumped 3 dollars then fine by me- http://seekingalpha.com/article/2547145-recent-asset-sale-metrics-point-to-300-percent-upside-for-lightstream-resources?app=1&uprof=45

Lets see the way things are going LTS will be selling at one times cash flow with oil at 80 along with a few other CDN oils. Encana should have held onto there 7 billion and scooped up the assets here.

[shadow=red,left]Numbers seem to good to be true, 1.3x for LTS??? vs a property they sold recently for 6.5x[/shadow]. Since LTS is now again my largest position and i have been adding at these levels I have looked at a lot of presentations again to convince myself I am ok. they have reduced balance sheet risk and although still high they followed through on a plan outlined and debt is a couple of years out anyway. they have some of the highest netbacks in the industry and can ride out to some extent a continued fall in oil price- they have hedged to some extent production - cardium and bakken land producing good wells and is there any reason to think otherwise - there have been a couple of articles recently on sustainability of dividend (some posted on this thread) and it seems adequately covered and this is one big key for me in taking oversized position - friday bruce campbell was on BNN and postulated there could be a surprise in oil earnings due to the fact price received by CDN companies has not fallen that much - so where does oil go to ? the big question but to me anyway this is overdone - how much oil continued to be fracked in states at 70 dollar oil

How safe is the PWT dividend ? Seems pretty ironclad to me, but I question everything at times like this! article below lays out dividend safety for 4 stocks PWT being one - one of the reasons I felt somewhat ok buying LTS on the way down and hopefully picked up last shares this morning http://www.fool.ca/2014/09/16/how-will-plunging-crude-prices-affect-monster-dividend-yields-in-the-patch/

I guess oil is going to 50 and all companies heading for bankruptcy. what a freefall for LTS. so i held my nose and bought yet again. perhaps capitulation day. even if management is somewhat incompetent they were addressing concerns and still have decent lands and very high netbacks. for all us who are in oil and gas i suppose we should stay away from high windows. unbelievable

For what is worth eric nuttall from sprott investment and frequent BNN guest take on sell off in oil and gas sector in canad Inside the Market Blog Friday, September 26, 2014, 13:43:54 Sprott’s Eric Nuttall: Canadian oil stocks now ‘very’ undervalued Eric Nuttall Eric Nuttall, a guest columnist for Inside the Market, is portfolio manager of the Sprott Energy Fund. The Canadian energy sector has experienced one of the worst monthly corrections in recent memory, with many oil stocks down by more than 20 per cent. Perhaps a little perspective is in order. I queried a handful of Canadian oil executives this past week after the stock market pummelling, asking "how's business." The universal reply was "great." One might have expected a more dour answer. But consider the following: Despite oil having sold off this month by about 3.5 per cent in U.S.-dollar terms, when you take into account the positive impact of the falling loonie and the marginal shrinking of the Canadian light differential, the price of oil is down less than 2 per cent. Further, given the continued efficiency improvements in how wells in many oil plays are being drilled and fracture stimulated, oil well economics today are the highest they have been in decades. I routinely see wells paying out in under a year, which speaks to the impressive returns that these oil executives are seeing. Finally, the oil executives pointed out that service-cost inflation - the rise in costs for such things as drilling rigs and labour - is essentially non-existent, and that drilling and pressure pumping equipment availability is not a problem. In short, business is indeed great and they foresee another strong year in 2015 of impressive production gains that will generate excellent investment returns. Now, if I were to ask the average investor how they feel about the energy sector right now, I would expect their answer to be the exact opposite of the rosy responses of those in the business, given the daily shellacking of oil stocks and the negative feedback loop that it has created. Herein lies the opportunity and an example of why it is important to see the difference between perception and reality. The current perception is that the price of crude oil is down because the Chinese economy is weak and suddenly demand has declined, that a strong U.S. dollar means a lower oil price, and that oil stocks are overvalued. The exact opposite is true. China has been weak all year even when Brent oil was over $120 (U.S.) a barrel, global oil demand has strongly rebounded from the lows seen in the second quarter, and the correlation between the US. dollar/euro exchange rate and oil is virtually non-existent over more than a three-week period. I would argue that the energy sector sell-off is due solely to the broader market correction and nothing fundamental to the energy industry. In my view, Canadian oil stocks are now very undervalued. Fools call market bottoms and buy into the group think of the day. Shrewd investors identify when the difference between perception and reality becomes too large to ignore while allowing for the possibility that such circumstances can persist for a time. Today I can buy many mid-cap light oil companies that are down 20 per cent month-to-date, and as a result, are now trading below 4 times 2015 enterprise value to cash flow. They are all growing production by at least 15 per cent to 20 per cent next year and have strong balance sheets that can withstand any short-term volatility. Some are even paying sustainable dividend yields of 5 per cent or more. This opportunity rarely occurs. The risk-reward in the oil sector today is the best I have seen in several years. I myself recently purchased shares in Legacy Oil + Gas Inc. and Gear Energy Ltd. during the pullback for my own fund, among others. See the reality of today and don’t buy into the market’s misplaced perception. From my experience, this can be a setup to highly profitable times as fundamentals eventually win out and stocks again reflect them. Read more at http://www.stockhouse.com/companies/bullboard/t.lts/lightstream-resources-ltd#UITTvPl0OxcrlGz7.99

Encana buys Athalon Energy well they didn;t sit on the Praire Sky money too long Encana to buy Athlon Energy for $5.93 bln 29 Sep 2014 06:17 ET Sept 29 (Reuters) - Encana Corp , Canada's largest natural gas producer, said it would buy Athlon Energy Inc for $5.93 billion in cash, excluding debt. Encana, which is shifting its focus to high-value oil and natural gas liquids, will also assume Athlon's $1.15 billion of senior notes. The deal includes about 140,000 net acres owned by Athlon in the oil-rich Midland Basin. (Reporting by Ashutosh Pandey in Bangalore; Editing by Simon Jennings)

Nice move on volume at close for LTS . Might we have good news next week .just nice to see a move upward agt last

Update on MEI looking good and the news re PWT maybe a good day http://www.stockhouse.com/companies/bullboard/v.mei/manitok-energy-inc?postid=22947085pdate MEI

Interesting response to question re buybacks posed to investor relations of MEI - posted on stockhouse board - sounds promising however seems like a lot of info in reply FWIW Response From Mgmt Here is the response I received from Mgmt. when inquired why they weren't buying even more stock at the current depressed prices: To answer your questions, we are currently buying stock back through our Normal Course Issuer Bid. Manitok has bought back almost 1.7 million shares since July 1st (over 2% of shares outstanding) and is continuing to do so now. With the recent successful Glauc well at entice, which tested at over 1,100 boepd, and the recent success at Stolberg with both our Cardium oil wells and the Mannville gas well, we feel that our capital will be better utilized by drilling the offsets to these wells in the 4th quarter while continuing to buy back our stock through the NCIB. If the price weakness persists, we will continue to buy back more shares at these lower prices. Based on what I know today, I expect that we will have our oil production from the new wells at Stolberg on in early October. We should have our 3 gas wells at Stolberg optimized before the end of October. Read more at http://www.stockhouse.com/companies/bullboard/v.mei/manitok-energy-inc#mPfJHbOkjbmh4DV0.99

Additional insider buying in SGL . Latest purchase at 1.39 on sep 17 . That makes 6 different insiders buying so far in september. Encouraging! see Canadian Insider

At the price of Manitok this morning I trust management is actively buying back there much undervalued shares. Not the right thread but I assune SD management is buying there undervalued shares also. is oil going to 50?

After building back position in Lts and adding to other holdings I am at 53 % in the sector. I am of the opinion that oil will not drop much below 90 for long if at all and see positives for the gas sector. I have kept core positions and traded at times volatility. Dividends have been good and although overweight it has worked out so far.

Perhaps the sound of all those gas furnances firing up in the northeast will provide a positive to the oil snd gas sector. it was cold thus morning! :)