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Lightstream Resources Ltd. LSTMF

Energy Oil & Gas E&P
"Lightstream Resources Ltd is engaged in the exploration and development of oil and natural gas in Western Canada. Its operating areas include Southeastern Saskatchewan, Central Alberta, and North-Central Alberta."


GREY:LSTMF - Post by User

Lightstream Resources Ltd.
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Comment by naeden99on Sep 08, 2012 2:08pm
313 Views
Post# 20337885

RE: RE: RE: more insider buying however...

RE: RE: RE: more insider buying however...

PBN may get a valuation bump after the spin-out due to additional liquidity and the transfer of control to the market.

It doesn't really matter if PBG sells PBN before or after the spin-out, as the shareholders of PBG will still own their shares of PBN.

They can't sell PBN at fair value given its low trading price (relative to comparables) - this may be as a result of the liquidity and control issues.

By my calculations, if they execute the full PBG buyback and considering the DRIP payments, they will have more than 1.15 PBN per PBG by a mid-2013 spin out.  PBG is a steal if you want PBN exposure.

 

 

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