Lightstream Resources Ltd. (fka LSTMF)

[Renee]

LSTMF CUSIP suspended. FINRA deleted symbol:

http://otce.finra.org/DLDeletions

[make it happen]

I like it lol have many bids and have for a long time accumulate

[TH11]

anyone want to sell .0001? i'll take 500k for the future. grey market no data bid or ask...dangerous gamblings..lol

[twicemillion]

If oil and gas continue to go up, will this stock come back alive?

[TH11]

sell me ur shares please

[TH11]

been getting more active, spread the word maybe get some interest!

[make it happen]

Hell Yeah! I've been trying to accumulate some hard to get.

[iluvkush]

Yessir When I Bought Some Shares At $0.0002 Only 190,000 Filled I Sold At $0.0015 and $0.0005 Various Increments.Even Though I Sold It's A Good Long Investment.

[make it happen]

This has potential to blow up real quick. Someone takes over and can run this too the moon. Someone is accumulating any and everything possible.

[iluvkush]

Let's Get This Thing Going Again Alota Potential If We Get Alota Buy's, Even Sell's Are Raiseing The Price Once Inawhile.Range Has Been $0.0002-$0.0007.Even $0.0002-$0.0015 This Past Week Fell From $0.0015 Sittin At $0.0005.Almost a Whole Week.-.-.LSTMF.-.-. LET's GOOOOOOOO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[richrichrich]

So. After reading all of the latest "shizit", what are the choices?
Delist, and quit, suctioning down all of my shares ?
Try some sort of "recapitalization", and suction down all of my shares ?
No mention of a hideous reverse split....
Currently halted, because of their lack of decision/direction....
What's the deal'o......?

[MrRCD]

I like this lightstream stock. Bit risky but I think there's lots of upside when oil goes to a more stable level.

[Northsun0]

Dear Oil & Energy Investor,

This week saw further signs that Saudi Arabia is rethinking its oil production strategy. As we've covered in Oil & Energy Investor before, last year Saudi Arabia led OPEC into a strategy of ramping up production to defend market share against U.S. shale oil and Russian oil exports to Asia.

As I discussed in Friday's Oil & Energy Investor, OPEC's strategy not only failed to destroy the U.S. shale oil industry, but has also led to the U.S. and Russia cooperating behind the scenes to make Saudi Arabia abandon its strategy.

The behind-the-scenes negotiations with the U.S. and Russia that I discussed on Friday, along with pressure from other OPEC members who need much higher oil prices to balance their budgets, seem to be working. Following Qatar's oil minister claiming that OPEC will consider Venezuela's request for an emergency OPEC meeting on boosting oil prices, reports now indicate that Saudi Arabia would consider such a meeting if it resulted in concrete action to increase crude prices.

This marks a change from Saudi Arabia's previous stance, which was to shoot down any suggestion of an OPEC meeting to discuss oil prices.

This is yet another sign that OPEC might be changing strategy while allowing Saudi Arabia to save face. I will keep you updated as the situation develops.


Kent

[Northsun0]

LSTMF currently trading at .43 CAD was once a $31CAD dollar stock it is going much Higher as are all other Canadian Oil stocks. Smart money is buying Canadian oil stocks. They are going into a bull market!!

[otterman]

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=112668574

[Northsun0]

SELL!! SELL!! SELL!! LSTMF

[Northsun0]

This company is toast, they are going into Chapter11. The company should be wrapping up it's affairs by the end of the month!!

[ppl_first]

Can't tell if it's end or beginning of an uptrend. Oil might be making a slow recovery, or shift back into Opec's hands. This seems poised to recover to previous levels.

[richrichrich]

Used to love BNN years ago, when hacking dish/bell satelite tv. That was years ago. Now I only get it, via internet. Need to check recent reviews. Thanks for the "tip".
This thing could go either way, pending oil prices.

[otterman]

Analyst on bnn.com this morning rating the company as bearish, and expects the company to go bankrupt this year.

Trade carefully.

[stocktrademan]

$LSTMF recent news/filings

bullish

## source: finance.yahoo.com

Fri, 06 Mar 2015 11:18:57 GMT ~ Lightstream Announces 2014 Funds Flow From Operations of ... Full Release +

[at noodls] - CALGARY, ALBERTA--(Marketwired - March 6, 2015) - Lightstream Resources Ltd. (the "Company" or "Lightstream") (TSX:LTS) announces fourth quarter and year-end 2014 financial and operating ...

read full: http://www.noodls.com/view/75BA3E7310931D1F99C895891B1EEA1FD80DCC3C
*********************************************************

Mon, 19 Jan 2015 11:21:18 GMT ~ Lightstream Announces 2014 Production Results and Suspens... Full Release +

[at noodls] - CALGARY, ALBERTA--(Marketwired - Jan. 19, 2015) - Lightstream Resources Ltd. (the "Company" or "Lightstream") (TSX:LTS) announces year-end 2014 production results with exit rates exceeding ...

read full: http://www.noodls.com/view/CADD0B7228E1687E497DB12B674E57ED605DA41B
*********************************************************

Tue, 16 Dec 2014 01:34:04 GMT ~ Lightstream Announces December Dividend Full Release +

[at noodls] - CALGARY, ALBERTA--(Marketwired - Dec. 15, 2014) - Lightstream Resources Ltd. ("Lightstream") (TSX:LTS) is announcing that our cash dividend for the month of December will be $0.015 per Lightstream ...

read full: http://www.noodls.com/view/E4CF61612AC154A77316AD7B9FF655110D65CF1B
*********************************************************

Mon, 15 Dec 2014 22:53:32 GMT ~ Lightstream Announces 2015 Capital Program, Strategic Ini... Full Release +

[at noodls] - CALGARY, ALBERTA--(Marketwired - Dec. 15, 2014) - Lightstream Resources Ltd. (the "Company" or "Lightstream") (TSX:LTS) is announcing our 2015 capital program as well as certain strategic ...

read full: http://www.noodls.com/view/C79D2590DC498D3CFB85F336CFEB668180C61578
*********************************************************

Mon, 17 Nov 2014 19:40:50 GMT ~ Lightstream Confirms November Dividend Full Release +

[at noodls] - CALGARY, ALBERTA--(Marketwired - Nov. 17, 2014) - Lightstream Resources Ltd. ("Lightstream") (TSX:LTS) is pleased to announce that our cash dividend for the month of November will be paid on ...

read full: http://www.noodls.com/view/400683A344D5061D34F631710E61C2D5658B3CF8
*********************************************************

$LSTMF charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com



$LSTMF company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/LSTMF/company-info
Ticker: $LSTMF
OTC Market Place:
CIK code:
Incorporated In:

Business Description:


$LSTMF share structure

## source: otcmarkets.com

Market Value:
Shares Outstanding:
Float:
Authorized Shares:
Par Value:

$LSTMF extra dd links

## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/LSTMF/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/LSTMF/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=LSTMF+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=LSTMF+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=LSTMF+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/LSTMF/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/LSTMF/news - http://finance.yahoo.com/q/h?s=LSTMF+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/LSTMF/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/LSTMF/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/LSTMF/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/LSTMF/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/LSTMF/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/LSTMF/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/LSTMF/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/LSTMF/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=LSTMF+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/LSTMF

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/LSTMF/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/LSTMF
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/LSTMF/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/LSTMF/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/LSTMF/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/LSTMF/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/LSTMF/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/LSTMF/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/LSTMF/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=LSTMF&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=LSTMF
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/LSTMF/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=LSTMF+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=LSTMF+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=LSTMF
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=LSTMF
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=LSTMF+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/LSTMF/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=LSTMF+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/LSTMF.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=LSTMF
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/LSTMF/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/LSTMF/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/LSTMF/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/LSTMF/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/LSTMF
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/LSTMF
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/LSTMF:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=LSTMF
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=LSTMF



$LSTMF DD Notes ~ http://www.ddnotesmaker.com/LSTMF

[Arnold25764]

On watch too.

[Thehustle]

I'll be watching this one now. Joc been hootin and hollering for so long about it. Let's see what happens the next few days

[Thehustle]

Hahahaha lmbo

[Cheetah SPEED]

My jew nose has a natural scent for the dump

[Thehustle]

Hahahaha! KC u really know where to look for turds!

[Cheetah SPEED]

Turdy

[Thehustle]

What's going on with this turd? Looks good.

[richrichrich]

Return of the Lightstream monster?
Now I wish I had bought some 50 cent cheapos.....

[ppl_first]

.54 currently, past month has been bloodshed for Lightstream. Delisting and further oil turmoil will result in bankruptcy if they aren't able to cut costs quickly.

[otterman]

Yikes, I hope no one was holding just for that. After the first div cut the writing was on the wall especially when oil dove.

[richrichrich]

Figures....
Maybe, if shareholders who held this one for the hefty divi, don't bail en masse, the pps will slowly recover.

[otterman]

Told ya all. Hopefully no one got suckered out of too much cash. Buy on the big dip and be prepared to wait a few years IMO.

Lightstream cuts off scaled-back monthly dividend in response to lower oil price

https://ca.finance.yahoo.com/news/lightstream-cuts-off-scaled-back-monthly-dividend-response-142052602.html

[korpin]

YES RICH I agree they are selfish...but then again they have many social entitlement programs they must pay for...to pay for these programs,they need around 90 a barrel I think I read...so they are pulling money out of the bank to pay for these programs...from what I heard,they have enough money to run their social programs for one year at current oil prices...but I do not believe they will let their war chest get down to zero

[richrichrich]

I guess it is, yes. My comments were made, after a few drinks.
But don't you think these heavy oil producing "people", are acting very selfishly? They are over producing purposely, to crush the efforts of any/all other forms of production, anywhere/anyway. Whenever they are happy with their plan, they will either "allow" or "make" the price per barrel rise back upwards, and smile, on their way to the bank. What part of that, is not selfish?
These people, by the way, are the same ones that park their personal cruise ships here, off our shores, enjoying an american lavish lifestyle each day/evening.

[korpin]

the previous poster said: "I'm thinking, something's got to change, with this stupid over production of oil...... I almost wish for some sort of mid-east war, or struggle to happen, to break their will....
Maybe a small thermonuclear incident.....
Or somebody "targets" their stockpiles, and blows up a few million barrels.....
Where do they store the stuff? On barges?
Then somebody should blow the crap out of a dozen barges, and teach them a lesson....

Something's wrong, with allowing the Saudis, to regulate global oil prices."

well that's a tad bit selfish don't you think?

Saudi may be regulating oil prices but not sure if its done without approval from other nations that could benefit from the pain caused do not really know

[richrichrich]

I'm thinking, something's got to change, with this stupid over production of oil...... I almost wish for some sort of mid-east war, or struggle to happen, to break their will....
Maybe a small thermonuclear incident.....
Or somebody "targets" their stockpiles, and blows up a few million barrels.....
Where do they store the stuff? On barges?
Then somebody should blow the crap out of a dozen barges, and teach them a lesson....

Something's wrong, with allowing the Saudis, to regulate global oil prices.

[otterman]

Interesting read. Im not completely surprised to see this happen. After all big companies dont try to time the bottom (see Barrick Gold). Theyre looking long term and this move will prove profitable.

[Northsun0]

A Billionaire Insider Just Made a Bold Bet on Crude
by Dr. Kent Moors |

There was a very dramatic development in the oil market last week. It involved a well-known insider and a bullish bet on crude.

Harold Hamm, the CEO of Continental Resources Inc. (NYSE:CLR), announced that his company – a major producer in the Bakken and other U.S. unconventional oil basins – had unwound its hedge positions.

So why is that so important?

Hedges like the ones unwound by Hamm are used to compensate for the possibility of future oil price declines. In a single bold move Hamm had made one of the biggest bets ever on rising oil prices.

So while the TV pundits are still wringing their hands over the decline in crude oil prices, a deep market insider was preparing for crude to go in the opposite direction…

Here’s why I think Hamm and Continental have it right…

What’s Really Drives Oil Prices
First, a number of analysts have been pointing out something over the last few days that I have been saying for weeks now. The decline in oil prices does not reflect the overall rise in demand.

You see, despite our penchant to view oil only through the lenses of the trading benchmarks in New York (West Texas Intermediate, or WTI) and London (Brent) the demand that drives today’s prices is not American or European.

The real drive is coming from developing countries. And this is not simply the known giants such as China or India. Rather, it involves the greater (and exploding) Asian market, along with the resurgence developing in Latin America and Africa.

It is true that the emergence of shale and tight oil in the U.S. has prompted revisions in demand expansion by both OPEC and the International Energy Agency (IEA).

But the results still point to:

(1) An overall demand increase by at least 1.2% year-on-year;

(2) and a sustained Brent price of about $95 a barrel and a WTI peg of closer to $88.

Recall as well that the net impact of American shale oil on global pricing is tempered by the current (and over four-decade long) prohibition against exporting U.S. production.

This impact is limited to reducing imports into the U.S. – a situation that has been in place for some time now, and is hardly a justification for the curious read of declining demand internationally.

So, let’s look elsewhere to explain this disconnect.

A second possibility might be indications that Gross Domestic Product (GDP) is declining, translating into an expected forward concern over sluggish or recessionary market projections.

But that’s just simply not the reality either. GDPs are still climbing ­- not falling.

Yes, there have been some concerns expressed over Chinese growth prospects. But those have dissipated considerably as the performance in China continues to go higher. Of course, India has its own set of problems, but even there the prognosis is up.

In the absence of marked downward signals, the BRICS (Brazil, Russia, India, China, South Africa) – the five developing countries now driving primary global interest – are just not giving us any reason to suspect that a cut in the global economic forecast is warranted.

Expansion may come below some lofty (and unrealistic) predictions, but the aggregate picture hardly justifies the view that a GDP contraction is on the horizon.

A Short Story About Falling Oil Prices
That leaves us with a third reason driving this disconnect. And it turns out to be the 800-pound gorilla in the room.

For some time now, significant money has gone into “riding” the price of oil futures down. This is, in short, a story about shorts period.

Now shorting a stock or a commodity is hardly new. Investors do it all the time if the prospects look promising that the price will be moving south. Of course, heavy short positions may upon occasion dictate such movement, at least in the near term.

That’s especially true if the guys moving the heavy short positions are the same “experts” predicting the fall. In this way, it becomes a self-fulfilling prophecy.

Ultimately, the market will eventually correct for this overemphasis on the down side. When that correction occurs, shorts need to be covered and that always sends the price up even more than the underlying market indicators would seem to warrant.

After all, a recipe for disaster for the shorts is to go into the market to buy the contracts needed to cover rising prices. Even though this would seem to be handing these guys just what they deserve.

This would seem to be the primary reason why both WTI and Brent are priced at levels some $8-$10 per barrel below where they would trade in a normal market.

It only requires a trading environment in which the commodity rather than the artificial moves orchestrated by the “flash boys” determine the price.

That day is coming in short order. For those taking a position beyond the end of their own nose, Hamm and Continental have gotten it right.

[Northsun0]

Peter D. Scott Senior Vice President & CFO of LTS (LSTMF)
New York Conference
December 3, 2014 at 9:30 AM (ET)

Web Cast
http://www.veracast.com/webcasts/baml/levfin2014/id59207203869.cfm

[otterman]

It does trade on the Sr exchange in Canada. Ive heard so many conflicting stories about where oil is going. Some say recovery mid 2015 while others are longer term. Oil specifically, theyre looking for $60.

I expect to see the div cut in half here, that is when I would buy, that dip. Just me though, I dont own any at the moment. Remember this is Bakken oil too so although not directly tied to the oil prices usually quoted they still have that 'hazardous materials' tag stuck to their forehead.

GL

[richrichrich]

Seriously thinking of averaging down here. I'm at half my value currently, from my recent purchase. Ratings, though downgraded, still say it should return to 3-5 bucks(who knows when)....
Divi may disappear, or be reduced to crap.
Done the average down thing in the past, with a few stocks. So risky.
One long ago, was USS shipping, a hefty dividend payer. Shortly after averaging down, they decided to go chapter 11....wonderful....
This is a pinkie, so anything's possible.

[otterman]

Dividend cut fears grow as yields surge among Canadian oil producers

Jeremy van Loon and Rebecca Penty

Bloomberg News

Published Wednesday, Dec. 03 2014, 4:13 PM EST

Last updated Wednesday, Dec. 03 2014, 4:13 PM EST

Canadian oil producers’ ability to lure investors with generous dividends is being tested as cash flow is squeezed by crude trading near five-year lows.

Companies will have to choose between reducing capital spending or payments to shareholders, said Sprott Asset Management LP’s Eric Nuttall.

“The true sustainability of the dividend model at current oil prices in Canada is highly challenged,” said Nuttall, who oversees C$120-million ($106-million) at Sprott in Toronto. He predicted capital spending will fall 15 per cent next year and dividend reductions may follow if prices stay low. “The current oil price does not work for the industry.”
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Canadian energy companies such as Baytex Energy Corp. with average dividend levels higher than their U.S. peers are grappling with tough choices after oil fell as much as 40 per cent from its high in June. The plunge accelerated last week after OPEC committed to maintaining its current output target amid a supply glut and a global battle for market share.

Canadian producers in the Standard & Poor’s/TSX energy index have a dividend yield of 3.67 per cent, 35 per cent more than the average of the U.S. companies in the S&P 500 Energy Index today, according to data compiled by Bloomberg. The yield, which measures annual per-share dividends relative to a company’s share price, is rising for many producers as their stocks fall.

‘Strong Signal’

Dividend yields approaching 10 per cent are a “strong signal that the market fears their sustainability,” said Robert Mark, director of research at MacDougall, MacDougall & MacTier Inc. in Toronto, which manages about C$6-billion.

At yesterday’s close, Calgary-based Baytex was yielding 12.8 per cent, Canadian Oil Sands Ltd. was at 10.5 per cent, Penn West Petroleum Ltd. yielded 14.9 per cent and Crescent Point Energy Corp. was at 9.4 per cent.

Baytex plunged 54 per cent through yesterday’s close from oil’s June 20 high, compared with the 24 per cent decline in the S&P/TSX energy index. In that time, Penn West slumped 65 per cent, while Canadian Oil Sands fell 45 per cent and Crescent Point dropped 39 per cent.

The S&P 500 Energy Index fell 19 per cent over the same period.

Nuttall said the pain should ease for producers if West Texas Intermediate, the U.S. benchmark, rises above $75 a barrel next year, as he expects.

Locked In

Some companies are also partially shielded from oil’s slide after locking in future prices with hedging. Crescent Point had 37 per cent of its 2015 output secured at prices above C$93 a barrel as of Oct. 28, the company said in its third-quarter earnings statement.

“This is a great investment opportunity for people to collect a pretty high yield on a low-risk company,” which has never lowered its dividend through six downturns in the price of oil, Crescent Point Chief Executive Officer Scott Saxberg said today in a phone interview. “Our hedging program keeps our cash flow strong and allows us to maintain our dividend, maintain our capital program and battle through this.”

Penn West will maintain its dividend if it’s pressured by persistent low oil prices by reducing its 2015 capital spending, Greg Moffatt, a spokesman, said in an e-mail.

“Depending on the extent and duration of commodity price weakness in 2015, we can adjust our capital plan as required in the second half of the year,” Moffatt said.

Siren Fisekci, a spokeswoman for Canadian Oil Sands, declined to comment, as did Andrea Beblow, a spokeswoman for Baytex.

‘Later Stages’

“Cutting a dividend tends to be in the later stages of what you do,” Craig Bethune, a fund manager at Manulife Asset Management Ltd. who focuses on energy and natural resources investments, said in an interview at Bloomberg’s Toronto office today. “Some will continue to fund their dividends through the tough times, choosing to make asset dispositions, really anything but cut the dividend.”

Reducing the dividend yield would free up extra cash for development at Baytex, Mark Friesen, an analyst at RBC Dominion Securities Inc. in Calgary, said yesterday in a note.

“We believe balance sheet preservation is paramount and that it will be important to see evidence of this in the company’s 2015 capital guidance,” Friesen said.

Canadian Oil Sands, the largest owner of the Syncrude Canada Ltd. mining project, is seeing its dividend challenged because it gets all its production from oil and doesn’t use hedging, Michael Kay, an analyst at Bloomberg Intelligence, wrote in a Dec. 1 note. A $10 change in the price of oil results in a C$240-million change in cash flow, according to an Oct. 30 company document.

The prospect of lowering dividends is particularly likely for some Canadian producers, Mark said.

“The risks of dividend cuts skew toward the juniors, the oil-heavy and the debt-laden,” he said.

http://www.theglobeandmail.com//globe-investor/investment-ideas/dividend-cut-fears-grow-as-yields-surge-among-canadian-oil-producers/article21922380/

[Northsun0]

Why black gold’s low prices won’t last long

http://www.telegraph.co.uk/finance/oilprices/11262690/Why-black-golds-low-prices-wont-last-long.html

[otterman]

Mostly playing catchup to the CDN markets from yesterday. Scared about how ugly this could get. I live in the oil capital of Cda.

[richrichrich]

Yikes!
Talk about an ex divi drop.
Good timing, richrich.....

[Northsun0]

What is wrong with [almost] everyone?

OPEC -- cut or not to cut? Why is this even in question? Here's the facts:

1) since OPEC's been in play in the mid-70's, there have been 17 "oversupply" situations that have run crude prices down. All 17 times, OPEC cut, somtimes significantly.

2) the original meeting was scheduled for Nov 21, but Venezuala needed more time to fine tune their "incentive", hence, the meeting was moved back to the 27th. Do you think that a "status quo" decision by the Saudi's would have required an extension to the meeting date?

3) yesterday, the Saudi Oil Minister, arriving in Vienna was asked, "Are you nervous about the upcoming meeting?", to which he replied, "nervous? about what, there have been oversupply situations in the past, and there will be more in the future".

4) at least half of the OPEC members are begging for a cut to run up prices; Russia is begging for a cut and have indicated their willingness to contribute 300K bbl/day to the program.

5) Finally the conspiracy theory that the US and Saudi have conspired to run down oil prices to punish Russia: are you kidding? Throw the US shale industry, every OPEC nation's margin of profiability (and more), not to mention Saudi's imperial attitude of total world oil domination . . . all under the bus . . . just to "punish" Putin.

-------------------------------------------

By this weekend, there will be over 1m bbl/day cuts by OPEC, plus a couple hundred thousand thrown in by Russia . . . oil will be well over $80/bbl, and by the end of next week, probably closer to $90/bbl.

Anyone not seeing this as a clear-cut, no questions asked, buying opp on oil stocks . . . . well, are just reading too much "doom and gloom" editorializing.

For what it is worth that is my opinion.

[otterman]

I think it will see below $3 again yet. I would more worry about a dividend cut though.

[Northsun0]

Russia may suggest oil output cut of 15 mln T in 2015 - newspaper
MOSCOW Mon Nov 24, 2014 2:41am EST

Nov 24 (Reuters) - Russia may suggest cutting its oil production by around 15 million tonnes a year (300,000 barrels per day) and expects OPEC to limit its output as well, Kommersant daily newspaper said, citing sources.

Before OPEC meets later this week in Vienna, Russia has spoken to members Venezuela and Saudi Arabia about the need to support the oil market and hopes to press its message on the need for higher prices in Vienna on Nov.25.

Russian Energy Minister Alexander Novak said last week Moscow was looking at the option of cutting its oil production, the world's largest, but said the measure had yet to be agreed.

Quoting sources close to the government, Kommersant said that Russia may offer a cut of 15 million tonnes next year. At the same time, Russia and Venezuela may suggest that OPEC should limit its output by another 70 million tonnes.

Russia's Energy Ministry declined to comment.

A source familiar with the matter told Reuters that the idea in Kommersant was one possible option and that there were other ways of shoring up prices.

Russia has a limited scope to cut production and has no storage to take off large volumes from export markets, analysts and industry sources say.

Some analysts predict that Russia, the biggest oil producer outside OPEC, may lose some 350,000 barrels per day of output as soon as next year due to weak drilling and low prices, which may slightly support prices. (Reporting by Katya Golubkova, editing by Elizabeth Piper)

[Northsun0]

Iran to push for cut in Saudi oil production at OPEC meeting

Iran will try to persuade Saudi Arabia to cut oil production when the oil ministers from the two OPEC members meet this week in Vienna, Iran’s semi-official Mehr news agency reported on Sunday, citing a television interview with the country’s oil minister. The Organization of the Petroleum Exporting Countries meets on Thursday to set its output policy and some of its members have called for output cuts to shore up oil prices. Brent crude oil has lost about 30% of its value since June to around US$80 a barrel because of abundant supplies and weakening demand. “Iran’s oil minister will meet his Saudi counterpart in Vienna to persuade the oil giant for cuts in oil production and supply,” Mehr reported. But an agreement on an OPEC output cut at this week’s meeting is uncertain. Saudi Arabia, the world’s biggest oil exporter, has yet to say whether it supports one. Iran has said the steep fall in oil prices this year is the result of deliberate moves by some exporters that have kept production high to undermine Tehran’s sanctions-hit economy. Reuters