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Monday, April 16, 2012 1:41:38 PM
PBG.to/PBEGF, PBN.to/PBKEF...Here are slides from Petrobank's new presentation detailing the share buyback. I like this idea. Makes sense especially w/ PBG trading at a discount to PBN. Sell shares of PBN to buy PBG. And Petrobank shareholders still get those PBN shares back when they spin off Petrobakken since each PBG share is worth more than a PBN share.
Petrobakken's dividend yield is currently close to 6.5% making PBN very attractive seeing how they've now lowered their debt load. They can now pay dividends for years to come even if oil drops back down in the $80's...
Presentation link...
http://www.petrobank.com/files/1682.PBG-2012-04-13-CorporatePresentation.pdf
Petrobakken's dividend yield is currently close to 6.5% making PBN very attractive seeing how they've now lowered their debt load. They can now pay dividends for years to come even if oil drops back down in the $80's...
Presentation link...
http://www.petrobank.com/files/1682.PBG-2012-04-13-CorporatePresentation.pdf
The information posted by 2morrowsGains is opinion only and should not to be taken as investment advice.
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