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Last C$0.96 CAD
Change Today +0.03 / 3.23%
Volume 309.8K
As of 10:48 AM 06/30/15 All times are local (Market data is delayed by at least 15 minutes).

lightstream resources ltd (LTS) Snapshot

Open
C$0.97
Previous Close
C$0.93
Day High
C$0.98
Day Low
C$0.95
52 Week High
07/3/14 - C$8.57
52 Week Low
01/29/15 - C$0.64
Market Cap
191.5M
Average Volume 10 Days
1.5M
EPS TTM
C$-0.79
Shares Outstanding
197.4M
EX-Date
01/19/15
P/E TM
--
Dividend
--
Dividend Yield
30.73%
Current Stock Chart for LIGHTSTREAM RESOURCES LTD (LTS)

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lightstream resources ltd (LTS) Details

Lightstream Resources Ltd. engages in the exploration and development of oil and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan in Canada. The company’s principal operating areas include the Cardium formation in Central Alberta; the Swan Hills formation in north-central Alberta; and Bakken and Mississippian formations in southeast Saskatchewan. The company was formerly known as PetroBakken Energy Ltd. and changed its name to Lightstream Resources Ltd. in May 2013. Lightstream Resources Ltd. is headquartered in Calgary, Canada.

lightstream resources ltd (LTS) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: C$480.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: C$340.0K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: C$340.0K
Vice President of Corporate Services
Total Annual Compensation: C$285.0K
Vice President of Geosciences
Total Annual Compensation: C$272.1K
Compensation as of Fiscal Year 2014.

lightstream resources ltd (LTS) Key Developments

Lightstream Resources Ltd. Presents at Bank of America Merrill Lynch Energy and Power Leveraged Finance Conference, Jun-02-2015 10:50 AM

Lightstream Resources Ltd. Presents at Bank of America Merrill Lynch Energy and Power Leveraged Finance Conference, Jun-02-2015 10:50 AM. Venue: The Westin Times Square Hotel, New York, New York, United States. Speakers: John David Wright, Chief Executive Officer, President, Director, Member of Reserves Committee, Chief Executive Officer of Petrobank Energy & Resources Ltd, President of Petrobank Energy & Resources Ltd.

Lightstream Resources Ltd. Presents at RBC Capital Markets 2015 Global Energy and Power Executive Conference, Jun-01-2015 03:00 PM

Lightstream Resources Ltd. Presents at RBC Capital Markets 2015 Global Energy and Power Executive Conference, Jun-01-2015 03:00 PM. Venue: The Ritz Carlton Battery Park Hotel, New York, New York, United States. Speakers: John David Wright, Chief Executive Officer, President, Director, Member of Reserves Committee, Chief Executive Officer of Petrobank Energy & Resources Ltd, President of Petrobank Energy & Resources Ltd.

Lightstream Resources Ltd. Announces Amendment to Credit Facility

Lightstream Resources Ltd. announced the renegotiated terms agreed to with lenders in secured revolving credit facility. The company have concluded negotiations and received signed commitments from lending syndicate for an amended credit facility which is subject to execution of a definitive agreement by the parties. The amended credit facility provides for a borrowing base of $750 million, subject to re-determination on a semi-annual basis, and the same maturity date of June 2, 2017, subject to further extension. During the term of the amended facility, the Company will not pay cash dividends without the unanimous consent of the lenders. The facility now has a single financial covenant that limits the ratio of facility borrowing to trailing twelve month EBITDA to: January 1, 2015 - September 30, 2015 - 3.0x, October 1, 2015 - June 30, 2016 - 3.75x, July 1, 2016 - December 31, 2016 - 4.25x, January 1, 2017 - June 2, 2017 - 4.0x. As of March 31, 2015, the company had $638 million of debt drawn on credit facility compared to $1.07 billion as of March 31, 2014. Furthermore, over the same period accounts payable have been reduced by $174 million and the face value of senior unsecured notes reduced by $100 million. On a pro forma basis at March 31, 2015, the company would have approximately $105 million of available credit. For the remainder of 2015, based on guidance, the company expects to further reduce the amount borrowed on credit facility from first quarter levels with excess free funds flow, assuming a WTI oil price of $55.00/bbl for the second half of the year. The revised borrowing base and amendments to covenants are expected to provide an appropriate level of liquidity and covenant relief during the current low-price commodity environment and support an acceleration of drilling program should oil prices increase and/or costs come down.

 

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Industry Analysis

LTS

Industry Average

Valuation LTS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.3x
Price/Book 0.2x
Price/Cash Flow 0.4x
TEV/Sales -- Not Meaningful
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