Bullboard - Stock Discussion Forum Lucero Energy Corp V.LOU

Alternate Symbol(s): PSHIF

Energy Oil & Gas E&P

Lucero Energy Corp. is a Canada-based independent oil company. The Company is 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. It provides pure-play development exposure to a portfolio of oil-in-place projects in the core and most economic part of the Bakken and Three Forks play... see more

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TSXV:LOU - Post Discussion

Lucero Energy Corp > Something is going on

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Post by Energyuser on Sep 27, 2023 2:33pm

Something is going on

A 15 million and a 3 million share cross today...out of a total of 15.2M

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Comment by 600Volt on Sep 27, 2023 3:17pm

Wow, yeah something is definitely up... interesting!

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Comment by 600Volt on Sep 27, 2023 4:21pm

Am i reading that right? 37 million shares traded today?

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Comment by Energyuser on Sep 27, 2023 4:30pm

5 minutes before the close...22.7M cross... That is way more than the normal course buyback allows, so it wasn't LOU vacuuming shares. I think they are permitted to purchase up to 33m...for the year. Be still my beating heart....

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Comment by Energyuser on Sep 27, 2023 4:37pm

So, 5 % of the company is 33M shares, that's the max allowed with the normal course buyback. We traded over 37M today, 6% of the company changed hands...that must mean something?

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