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Monday, April 30, 2012

Petrobank Arbitrage Continues

Petrobank continues to take advantage of Mr. Market's inefficiency.

Sell some of their Petrobakken shares:


Toronto Stock Exchange

Company Name : PetroBakken Energy Ltd.Last Updated: April 27, 2012
DateSymbolInsider
Buys
Volume
Insider
Sells
Volume
Insider
Buys
Value $
Insider
Sells
Value $
Insider
Buys
Transaction
Insider
Sells
Transaction
Currency
04/27/2012PBN052,9000.00755,597.000210CAD


Then reacquire those shares (and the parent assets) by buying Petrobank at a lower price:


Toronto Stock Exchange

Company Name : Petrobank Energy And Resources Ltd.Last Updated: April 27, 2012
DateSymbolInsider
Buys
Volume
Insider
Sells
Volume
Insider
Buys
Value $
Insider
Sells
Value $
Insider
Buys
Transaction
Insider
Sells
Transaction
Currency
04/27/2012PBG65,1000912,551.000.001750CAD


Thank you Mr. Market.  Please let Petrobank take advantage of this opportunity for a long time.

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