Bullboard - Stock Discussion Forum Lucero Energy Corp PSHIF

Primary Symbol: V.LOU

Energy Oil & Gas E&P

Lucero Energy Corp. is a Canada-based independent oil company. The Company is primarily focused on the acquisition, development, and production of oil-weighted assets in the Bakken and Three Forks formations in the Williston Basin area of North Dakota. Bakken is a petroleum system with source rock featuring multiple stacked zones accessible for development, which includes Middle Bakken, Three... see more

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TSXV:LOU - Post Discussion

Lucero Energy Corp > Share Numbers

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Post by Energyuser on Nov 13, 2023 5:37pm

Share Numbers

Help me out here. According to the news release, LOU has purchased back and cancelled 19M shares. However, according to the end of Sept, after 9 months,
Shares outstanding end of 9 month period, 651MM, last year, 662MM
Shares weighted average, 661MM 644MM
Shares fully diluted 673MM 666MM
How do we cancel 19MM shares and have MORE SHARES?

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Comment by Sunset48 on Jan 11, 2024 12:19pm

Energyuser, it seems nobody was able to anwer your question. I'm one of those but still a holder of LOU. It seems our LOU has fallen out of favour. I used to compare it to my TAL but that one has progressed with a steady flow of news and a 12% yearly dividend. Still some similarites but I'm afraid our LOU is in the dog house. I prefer companies with a steady ...more

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Lucero Energy Corp