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Last €0.44 EUR
Change Today +0.028 / 6.88%
Volume 0.0
As of 1:36 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

lightstream resources ltd (PB6) Snapshot

Open
€0.42
Previous Close
€0.41
Day High
€0.45
Day Low
€0.38
52 Week High
07/29/14 - €5.13
52 Week Low
07/28/15 - €0.38
Market Cap
85.9M
Average Volume 10 Days
350.0
EPS TTM
--
Shares Outstanding
197.5M
EX-Date
01/19/15
P/E TM
--
Dividend
--
Dividend Yield
40.98%
Current Stock Chart for LIGHTSTREAM RESOURCES LTD (PB6)

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lightstream resources ltd (PB6) 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.

433 Employees
Last Reported Date: 03/13/15

lightstream resources ltd (PB6) 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 (PB6) Key Developments

Lightstream Resources Ltd. Provides Production Guidance for the Second Quarter and Six Months of 2015

Lightstream Resources Ltd. provided production guidance for the second quarter and six months of 2015. Second quarter average production is estimated to be approximately 31,700 boepd (73% light oil and liquids) with first half production expected to average 33,400 boepd (74% light oil and liquids), in line with 2015 Guidance. Second quarter production was impacted by higher downtime associated with third party facility maintenance and spring break up. Production to date in July is estimated at 31,600 boepd.

Lightstream Resources Ltd. Completes the Issuance of $200 Million in Second Lien Notes

Lightstream Resources Ltd. completed the issuance of $200 million in second lien notes (Secured Notes) for cash proceeds, as described in July 2, 2015. Proceeds will be used to reduce the outstanding borrowing under credit facility, increasing the credit available to approximately CAD 375 million. This increased liquidity provides financial flexibility to help withstand the current low-price commodity environment and gives optionality to accelerate drilling program should current economic conditions improve.

Lightstream Resources Ltd. Issues Total of USD 395 Million in Second Lien Notes

Lightstream Resources Ltd. announced that the company has entered into a privately negotiated agreement to issue a total of USD 395 million in second lien notes in exchange for USD 465 million of existing 8.625% unsecured senior notes due 2020 which will be cancelled. The company has also agreed to issue to the same parties, with an expected closing in mid-July, an additional USD 200 million in Secured Notes for cash proceeds, which the company will use to reduce the borrowing amount under its credit facility. The borrowing base under its credit facility is unchanged at CAD 750 million. RBC Capital Markets, LLC acted as its financial advisor in connection with these transactions. The Secured Notes bear interest at 9.875% and mature June 15, 2019. The notes are secured by second-priority liens on all of Lightstream's assets which rank behind the security under its credit facility. The exchange transaction reduces its debt by approximately CAD 90 million, which also reduces annual cash interest expense associated with its Unsecured Notes and Secured Notes collectively by CAD 1.3 million. In addition, if the company complete the issuance of Secured Notes for cash in mid-July 2015, the company will reduce the outstanding borrowing under its credit facility by approximately CAD 250 million, which would increase the credit available under the credit facility to approximately CAD 375 million. The Secured Notes have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act of 1933, as amended. This press release does not constitute an offer to sell or the solicitation of an offer to buy the Secured Notes, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

 

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PB6

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Valuation PB6 Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book 0.1x
Price/Cash Flow 0.2x
TEV/Sales -- Not Meaningful
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