PBN.to(PBKEF), PBG.to(PBEGF)...At current prices, I see very little risk in holding PBG.to. If PBN.to were trading @ $0.00 and THAI was worth $0.00, Petrobank is still easily worth their current stock price (or more) based only on their in the ground oil assets @ $0.50 a barrel. IMO.
What happens to PBN.to or THAI is nothing but gravy for PBG.to shareholders from here.
Today's PBN.to's share price adds over $700M in gravy to PBG.to shareholders. That equals $6.58 a share in added value!! (C$6.7 x 109.8M shares, Petrobank's ownership in PBN.to)
If PBN.to drops tomorrow to $6, it would then add approx $658M in value from today's price.
If it goes to $8, it would add approx $878M.
So basically, with Petrobank trading in the $6's, it puts their market cap so low, that no matter what PBN.to is trading at, it's added value to Petrobank shareholders.
If I'm missing something, let me know.
The information posted by 2morrowsGains is opinion only and should not to be taken as investment advice.
