Lightstream Resources Ltd. LSTMF

RE: more insider buying however...

[naeden99]

They are only selling ~7.5 mm shares (which will be equal to the number of PBG shares they can buy back per year).  At the rate they were doing it this spring they will be done in 3 months.  They won't be able to renew it until September 2013, at which point they will have likely spun PBN out.

Worst case, PBN might have some selling presure for 3 months from PBG and then you will be done with it for good.  I don't actually believe that the reason for the share price dip in Q2 was from PBG selling - maybe it had something do to with the rest of the oil market tanking as well?  Regardless, the next 3 months should have some strength for PBN as they grow production to their exit guidance (if last year was any indication).  

If PBN does go down due to PBG selling pressure, consider it a buying opportunity, as it will be the last time that it occurs.   Of course, my view is that you should just buy PBG and get ~10% more PBN shares for less money when they spin it out..