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Thursday, April 26, 2012

Continued Petrobank Buyback

Pretty aggressive with the buyback yesterday:


Toronto Stock Exchange

Company Name : Petrobank Energy And Resources Ltd.Last Updated: April 25, 2012
DateSymbolInsider
Buys
Volume
Insider
Sells
Volume
Insider
Buys
Value $
Insider
Sells
Value $
Insider
Buys
Transaction
Insider
Sells
Transaction
Currency
04/25/2012PBG95,90001,314,077.000.001160CAD


Funded partially by selling some Petrobakken:


Toronto Stock Exchange

Company Name : PetroBakken Energy Ltd.Last Updated: April 25, 2012
DateSymbolInsider
Buys
Volume
Insider
Sells
Volume
Insider
Buys
Value $
Insider
Sells
Value $
Insider
Buys
Transaction
Insider
Sells
Transaction
Currency
04/25/2012PBN033,3000.00466,094.000164CAD


Risk free value creation.  I hope they can do it for the next 18 months.

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