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Wednesday, August 10, 2011

Recap of Petrobakken Q2

I think they are finally ready to deliver:

http://seekingalpha.com/article/286232-petrobakken-energy-is-poised-to-prove-itself

Plus earlier commentary by yours truly on the same company:

http://seekingalpha.com/article/269253-petrobakken-is-the-market-s-gloomy-view-justified

http://seekingalpha.com/article/257171-can-petrobakken-energy-double-reserves-on-property-it-already-owns

1 comment:

  1. Devon,

    As always I appreciate your insight and commentary. Let us hope that PBN is able to finally get things straightened out. They seem to have the expertise, but I am afraid that the high levels of debt and overly handsome dividend may come to haunt them, especially if oil ticks down to the low side. I had high hopes for this stock, so far it is the worst performer in my port.

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