Lightstream Resources Ltd. LSTMF

RE: RE: Slide in Price

[galaxyr]

I used the website below to check to see what is going on. They update daily, but Petrobakken normally reports on Saturday the stock buy backs of the week and at what price it was executed. They normally where purchasing between 12000-17000 shares a day. When I checked this last week November 20th it showed the buy backs where at 5000 shares per day and I believe it showed 3 seperate dispositions of Petrobakken stock at various prices between $21 and $19 range. The website only shows the last 10 transactions. I believe the person indicated was Lothian, E. Craig. I went to the website today and it has been update showing that insiders are doing some minimal buying activity in the $18 range now. It does not show any stock buy backs for the last couple of days. As I mentioned Petrobakken seems to report on Saturday. I found the website a useful tool. Petrobakken should be purchasing approx 32000 shares each trading day to average the buyback over the year of 5% of their stock. I have yet to see them purchase over 20000 shares on any day and now they have reduced the buyback to 5000 shares a day at these super low prices. It made me wonder about cashflow.

https://canadianinsider.com/coReport/allTransactions.php?ticker=PBN


anyway these are just my thoughts. I believe that Petrobakken may hold at its current price for a while as it is trading close to book value. I will probably be back in petrobakken within the next few months when I see the weather outlook or the stock outlook change.