Lightstream Res.: T.LTS (ehem. Petrobakken T.PBN) - 500 Beiträge pro Seite

[Grawshak]

Nachfolgethread von:
http://www.wallstreet-online.de/diskussion/1177312-1-10/petr…

Homepage:
http://www.lightstreamresources.com/

Dividendenhistorie:
http://www.lightstreamresources.com/investor-information/div…

Trauerspiel = Kurs:





Strategischer Plan für 2014

Strategic plan

Lightstream's 2014 plans represent the next step in its multiyear effort to improve its long-term sustainability and capacity to deliver growth plus yield for shareholders. In 2014, Lightstream will focus on improving its sustainability ratio (cash outflows to cash inflows) and strengthening its balance sheet by reducing debt levels while maintaining production at 2013 levels. Although Lightstream's focus in 2014 will be primarily on its balance sheet initiatives, its portfolio of opportunities allows us to plan for long-term realization of the growth plus yield model. Lightstream's plan incorporates a number of strategic efforts which include:

---Executing on the company's 2014 capital program of $525-million to $575-million (65 per cent focused on drilling and completions) while maintaining production levels similar to 2013. This capital plan represents a decrease of approximately 25 per cent from estimated 2013 capital spending and 42 per cent from 2012 levels. Notwithstanding this significant decrease in capital, Lightstream expects its production levels to remain relatively flat to 2013. Lightstream intends to execute a relatively balanced capital plan between the first and second half of 2014;
---Terminating the dividend reinvestment plan and share dividend plan and reducing Lightstream's dividend by 50 per cent to four cents per month, resulting in an estimated $40-million in annual cash savings and elimination of the dilution created by issuing shares through the DRIP and SDP at current low prices;
---Targeting over $600-million of non-core asset sales by the end of 2015 and applying the proceeds to reduce debt levels. Provided market conditions are acceptable, Lightstream's goal is to close at least 50 per cent of the asset sales in 2014. The pace and timing of asset sales may impact Lightstream's production guidance for the year.

Lightstream expects the reduced capital plan and dividend to result in a sustainability ratio of 100 per cent to 113 per cent for 2014 and approximately 100 per cent in 2015, based on Lightstream's commodity price forecast of $95 (U.S.) per barrel for WTI oil, 10 per cent light oil differential, 95 cents to $1 (U.S.) and $3 per thousand cubic feet for AECO gas. Lightstream also expects its disposition program to allow the company to reduce its debt to funds flow ratio, which it is targeting to be below 2.5 times by the end of 2015.

[Grawshak]

Antwort auf Beitrag Nr.: 45.923.212 von Grawshak am 26.11.13 17:09:40

Warum der schlechte Kursverlauf .... die Schulden sind erdrückend.

Maßnahmen sind im strategischen Plan enthalten. U.a. wurde deshalb die Dividende gekürzt. Seit Oktober 2009 war die monatliche Dividende 0,08 CAD und liegt nun bei 0,04 CAD.

Aber: ob aber die Schulden weniger werden, wenn das geplante Aktienrückkaufprogramm läuft ?

http://www.finanznachrichten.de/nachrichten-aktien/lightstre…

Zumindest die ersten Insider-Käufe fanden gestern statt:
http://www.canadianinsider.com/node/7?menu_tickersearch=lts
http://www.canadianinsider.com/node/7?menu_tickersearch=lts