Canadian oil patch for sale!

[gordoffh]

http://www.pinnacledigest.com/blog/pinnacle-digest/lightstream-resources-ltstsx-hits-52-week-low-ceo-buys-11-million-worth-stockArticle on buybacks

 

Article on insider trading

 

 

 

[gordoffh]

http://www.pinnacledigest.com/blog/pinnacle-digest/lightstream-resources-ltstsx-hits-52-week-low-ceo-buys-11-million-worth-stock

 

try again

[gordoffh]

mr wright stepped in big -    chap on BNN commodities yesterday speaking about the cardium and identified LTS as a buy . the debt is high but they have resources and it is light oil  - i will buy more today. I have actually moved some money from SD to LTS

 

Dec 12/13 Dec 12/13 Wright, John David Direct Ownership Common Shares 10 - Acquisition in the public market 509,300 $5.46

 

http://canadianinsider.com/node/7?menu_tickersearch=LTS+|+Lightstream+Resources

 

[Cardboard]

Because there is so much opposition to pipelines which are much safer than any other source of transportation for oil, now there is consideration to ship crude via the Great Lakes which is a primary source of fresh water for many large U.S. and Canadian cities!!!

 

http://business.financialpost.com/2013/12/12/are-the-great-lakes-the-next-pipeline-for-alberta-crude-oil/?__lsa=5739-c45c

 

In case you didn't know, the water in Lac Megantic where the train derailed and exploded still has contaminants in it according to some studies. This could also potentially affect residents of cities downstream this Spring. 

 

Furthermore, another train exploded in Alabama in November. Very little has been mentioned since it happened in a very low populated area but, still managed to polute some wetlands.

 

http://articles.latimes.com/2013/nov/08/nation/la-na-nn-alabama-train-explosion-20131108

 

If environmentalists are to manage to block pipelines, then they should also manage to block more dangerous forms of transportation. If not, this is absolutely retarded.

 

Cardboard

[alertmeipp]

There ought to be a balance. Importing oil all the way from middle east can't be more environment friendly than from Canada.

[gordoffh]

another insider joining wright in purchasing LTS

 

Dec 16/13 Dec 16/13 Hislop, Martin Direct Ownership Common Shares 10 - Acquisition in the public market 21,800 $5.44

[alertmeipp]

LTS.TO: Looks like another 100k today.

[alertmeipp]

Anyone know where to get daily or weekly quote on the edmonton par brenchmark?

[Liberty]

http://business.financialpost.com/2013/12/19/northern-gateway-pipeline-approved-by-panel-with-209-conditions/

[gordoffh]

wright invests another million plus  - he has also bought in big into spyglass resources

 

Dec 20/13 Dec 16/13 Wright, John David Direct Ownership Common Shares 10 - Acquisition in the public market 288,600 $5.44

[tengen]

http://business.financialpost.com/2013/12/19/northern-gateway-pipeline-approved-by-panel-with-209-conditions/

 

The NEB approval was pretty much expected. I'm still very skeptical the pipeline will be built because the majority of first nations and BC citizens oppose the pipeline. It will be very hard to convince them to put aside their concerns over the environment, the 209 conditions notwithstanding. If they roll out the construction equipment, it will quite likely turn into a repeat of the protests against logging in Clayoquot Sound. If your investment thesis in the Canadian oil patch depends on this pipeline, I would look to something else.

[alertmeipp]

http://business.financialpost.com/2013/12/19/northern-gateway-pipeline-approved-by-panel-with-209-conditions/

 

 

 

The NEB approval was pretty much expected. I'm still very skeptical the pipeline will be built because the majority of first nations and BC citizens oppose the pipeline. It will be very hard to convince them to put aside their concerns over the environment, the 209 conditions notwithstanding. If they roll out the construction equipment, it will quite likely turn into a repeat of the protests against logging in Clayoquot Sound. If your investment thesis in the Canadian oil patch depends on this pipeline, I would look to something else.

 

the support percent and opposition percent is getting closer actually in BC

[Cardboard]

http://www.calgaryherald.com/business/Kinder+Morgan+Imperial+announce+270M+rail+terminal+Strathcona/9312402/story.html

 

http://business.financialpost.com/2013/12/20/obamas-keystone-xl-carbon-test-sets-precedent-transcanada/?__lsa=93f8-1a1e

 

http://www.theglobeandmail.com/news/british-columbia/economic-factors-mean-bc-government-unlikely-to-oppose-kinder-morgan-bid/article15978528/

 

http://www.theglobeandmail.com/news/british-columbia/proposed-kinder-morgan-pipeline-diverges-from-1953-route/article16049328/

 

So many projects... Soon enough there will be too much shipping capacity and this whole discussion about Canadian oil being trapped and major discounts to WTI and Brent will look like a story from a forgotten era.

 

It works the same for most investments. We get worried about one or two facets of the business and two or three years later these initial worries are not even part of the discussion anymore. As long as a business is priced cheaply, has a decent balance sheet, decent management and its product is in demand, sooner or later it works out to great investment returns. You just need the patience to get through it.

 

You also need even more patience to hold on after it starts working out since your initial IV often needs to be revised up from dynamic conditions out there and an outlook that was likely too conservative at a time when things were abnormally rough. How many doubles I have missed just 12 months after the initial double is unreal! 

 

Cardboard

[moustachio]

I wonder if American opposition to the Keystone XL pipeline is also a little bit of protectionism? Bakken oil has usually sold at a discount. If all of that Canadian oil was piped in to the same destination as much of the Bakken oil, then it might put more downward pressure on domestic realized oil prices. Environmental politics might not be the only thing driving the opposition to that pipeline.

[Myth465]

Thanks for the posting on Spyglass.

I have been looking at it over the weekend.

 

I like the model / plan, but every monster Dividend stock has had the div cut and share price drop.

I like the 100% sustainability goal, and also like the shift to oil. Production will continue to go down as they trade gas BOE for oil.

I also like that they have a massive land base, and can sell down gas production at decent prices to drill for oil.

 

Q3 featured great oil prices, but a collapse in cash and wound up with flat cash flow.

I am still thinking about this, but I added to LTS last week, and am thinking of shifting that capital here....

[gordoffh]

http://seekingalpha.com/article/1913901-lightstreams-ceo-backs-up-the-truck-and-puts-his-money-where-his-mouth-is?source=email_rt_article_readmore

 

 

[tyska]

 

I am still thinking about this, but I added to LTS last week, and am thinking of shifting that capital here....

 

You have more nerve than I do at this time. While it is impressive the amount of shares insiders have bought, I just seem to have been burned too many times on O&G plays that have great holdings but they are always one step away from getting any value out of them. And I have foolishly averaged down on them, hands are getting bloody. :'(

[gordoffh]

http://seekingalpha.com/article/1912411-lightstream-resources-oversold-and-undervalued-with-potential-upside-in-excess-of-40?source=email_rt_article_readmore

 

More on LTS  - added more along with spyglass on last day for tax loss selling

 

myth  see you are down under  - have been there twice in the last 3 years - enjoyed country immensely and hope to winter there instead of south carolina in the next couple of years

[gordoffh]

LTS  up  6 % today in the US

 

 

[Cardboard]

I would highly recommend that you follow "makedonka" poster on Stockhouse.com under the PWT thread if you are interested in news related to oil & gas. He or she finds very relevant news articles from reputable sources.

 

Cardboard

[Myth465]

Been doing quite a bit of reading on Canadian Oil and Gas.

Very beat up sector.

 

Will likely sell out of SD and sell down LTS to buy a few different producers.

 

So far I like Legacy Oil and Gas, Spyglass, and will be looking a bit deeper at 2 or 3 more.

Stocks trading at 3x cash flow, growing production, lowish debt.

 

We also have raising gas prices, and solutions to the differential problems.

Interesting times, thanks for the links.

 

I dont like PWE as much, but there are leaps out there for it. One could do quite well buying those once the turn begins to turn.

I am looking for a big asset sell - either the Duvernay, Peace River, or the gas place, and will continue to watch it.

[gordoffh]

for those in LTS and oil in general

 

http://www.investinganswers.com/investment-ideas/commodities-precious-metals/shocking-prediction-second-phase-oil-boom-could-eclipse

[gordoffh]

wright continues to purchase Spyglass

 

Jan 2/14 Dec 30/13 Wright, John David Direct Ownership Common Shares 10 - Acquisition in the public market 76,300 $1.83

[alertmeipp]

So, how many of you actually own some Canadian oil producers here?

For those who don't, why?

 

[plato1976]

Too many names flying around

Each has a unique profile: debt level, reserve, asset quality and potential

Need time to sort out

No position yet

 

So, how many of you actually own some Canadian oil producers here?

For those who don't, why?