Value Microcaps Junior Energy

[2morrowsGains]

PBG.to/PBEGF...Petrobank valued @ $0.11 a share today (after backing out Petrobakken ownership)...

Repost of Petrobank's valuation based on today's #'s...

PBG.to = 106.2M shares outstanding x CAN$15.07 (PBG.to current share price) = $1,600,434,000 market cap.
Petrobank's ownership in Petrobakken = approx 109.8M shares x CAN$14.47 (PBN.to current share price) = $1,588,806,000 equity stake.
$1,599,372,000 minus $1,585,512,000 = $11,628,000 current market cap for Petrobank after backing out Petrobakken ownership. Or in other words, the market is valuing Petrobank @ $0.11 a share!! And the kicker is, Petrobank recieves approx $0.99 per PBG share per year in cash flow from Petrobakken's dividend payments and has little to NO debt!!! (Petrobank's portion of PBN's dividend will go away once PBN is spun off (which won't be for a couple of years IMO), but then PBG shareholders will hold shares in both companies and will then recieve dividend payments directly!!)

This is a VERY UNIQUE and UNDERVALUED situation !!!

It'll be interesting to see if Petrobakken holds to their 46,000 - 49,000 boepd exit rate when they report in a couple of weeks.