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Last €0.88 EUR
Change Today +0.005 / 0.57%
Volume 0.0
PB6 On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Frankfurt
Munich
OTC US
As of 4:21 AM 05/28/15 All times are local (Market data is delayed by at least 15 minutes).

lightstream resources ltd (PB6) Snapshot

Open
€0.88
Previous Close
€0.88
Day High
€0.88
Day Low
€0.85
52 Week High
06/23/14 - €6.21
52 Week Low
01/30/15 - €0.42
Market Cap
174.3M
Average Volume 10 Days
160.0
EPS TTM
--
Shares Outstanding
197.4M
EX-Date
01/19/15
P/E TM
--
Dividend
--
Dividend Yield
26.22%
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.

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. 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.

Lightstream Resources Ltd. Announces Earnings and Production Results for the First Quarter ended March 31, 2015

Lightstream Resources Ltd. announced earnings and production results for the first quarter ended March 31, 2015. For the quarter, the company reported oil &natural gas sales of $121,131,000 against $325,234,000 a year ago. Funds flow from operations was $51,928,000 or $0.26 basic per share against $174,970,000 or $0.88 basic per share a year ago. Net loss was $127,162,000 or $0.64 basic per share against net income of $14,399,000 or $0.07 basic per share a year ago. Net capital expenditures were $48,931,000 against $85,603,000 a year ago. For the quarter, the company reported average daily production of 35,179 barrel of oil equivalent against 43,959 barrel of oil equivalent a year ago, was 20% below first quarter of 2014 average production due primarily to the disposition of assets representing 6,315 boepd of production and its decision to reduce capital spending in response to lower commodity prices.

Lightstream Resources Ltd. - Shareholder/Analyst Call

Annual General Meeting

 

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Industry Analysis

PB6

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Valuation PB6 Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.3x
Price/Book 0.2x
Price/Cash Flow 0.5x
TEV/Sales -- Not Meaningful
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