Global Value Investing

[2morrowsGains]

PBG.to/PBEGF, PBN.to/PBKEF...The price of oil is firming up a notch and it's looking like both Petrobank & Petrobakken were / are excellent buys this week. If oil remains at or around $85 I'm thinking Petrobakken will not cut the dividend (but you never know). Cash flow should be very strong from here on out through the end of the year.
PBN's current dividend yield = 8.98% based on CDN$10.69.
Looking forward to a THAI update which should be out by no later than Monday night.

BTW, at this point, PBN has been beat down soooooo much (and PBG has folowed), even if the divi were sliced, Petrobakken / Petrobank are still waaaaaay undervalued (IMO).
We'll see what happens.