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Re: None

Thursday, 10/06/2005 2:06:06 PM

Thursday, October 06, 2005 2:06:06 PM

Post# of 173915
Petrobank Energy and Resources....PBEGF.PK/PBG.TO

I just bought a good size block today. This is Canadian oil sands asset play. It's very very oversold here and could be a good trade or at the very least a compelling long-term energy asset play.

http://stockcharts.com/def/servlet/SC.web?c=PBG.TO,uu[w,a]daolyyay[pb50!b200!f][vc60][iut!Uc20!Li14,....

It ran to near $12 Canadien a few weeks ago on buyout rumours. Trading considerably lower at $8.87 Canadian right now. It has been written up by some Canadian research firms as having a value of at least $17-$24 Canadian in a buyout. There are "bidders" out there looking as a bidding war broke out for Deer Creek(another oils sands asset play)....DCE.to.

Deer Creek (DCE.t) was bought out recently by Total Oil(French)for $32 Canadien. A knowledgable poster on another board convinced me to buy that one at $12 Canadian.

I believe Bobwins has mentioned this one (PBEGF.PK/PBG.TO) too before.

Rogue


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