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2morrowsGains

08/11/11 1:39 PM

#899 RE: throwerw #889

PBG (PBEGF)...THAI update on the way...Possibly tonight, but no later than Monday. Since THAI is already MORE THAN FREE I see very little downside risk holding PBG into earnings. Just my opinion, but you never know.

PBG.to = 106.2M shares outstanding x CAN$10.74 (PBG.to current share price) = $1,140,588,000 market cap.
Petrobank's ownership in Petrobakken = approx 109.8M shares x CAN$10.54 (PBN.to current share price) = $1,157,292,000 equity stake.
$1,140,588,000 minus $1,157,292,000 = <-$16,704,000> current market cap for Petrobank after backing out Petrobakken ownership. Or in other words, the market is valuing Petrobank @ <-$0.00016 a share!!

PBG.to / PBEGF looks to be a HUGE is a STEAL!!!