Seeking Alpha

Alexander Kaitz

 
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  • Lightstream: Drilling For Value And A 9% Dividend
       • Fri, Apr. 4 LSTMF 49 Comments

    Summary

    • Lightstream has an excellent track record of reducing costs while maintaining production, and projects it will cover maintenance capex, growth capex, and the dividend from free cash flow in 2014.
    • Lightstream has financed its impressive growth through debt, leaving it with a high debt burden, this is balanced by extensive insider buying and a stock price of .56 book.
    • Lightstream has a high liquids/oil weighting, with extensive proven reserves. In addition, Lightstream has large undeveloped areas.
    • Use of advanced recovery methods will expand proven reserves, while stabilizing the decline rate of wells in production.
  • Risks And Rewards Of Eagle Rock Energy Partners
    Dec. 5, 2013 EROC 17 Comments