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Wednesday, April 25, 2012

Petrobank Buyback Continues

Petrobank sells some Petrobakken


Company Name : PetroBakken Energy Ltd.Last Updated: April 24, 2012
DateSymbolInsider
Buys
Volume
Insider
Sells
Volume
Insider
Buys
Value $
Insider
Sells
Value $
Insider
Buys
Transaction
Insider
Sells
Transaction
Currency
04/24/2012PBN029,6000.00425,437.000110CAD


And uses the proceeds to buy Petrobank


Toronto Stock Exchange

Company Name : Petrobank Energy And Resources Ltd.Last Updated: April 24, 2012
DateSymbolInsider
Buys
Volume
Insider
Sells
Volume
Insider
Buys
Value $
Insider
Sells
Value $
Insider
Buys
Transaction
Insider
Sells
Transaction
Currency
04/24/2012PBG37,2000525,383.500.00940CAD


Repeat as often as possible as long as the ridiculous inefficiency exists.  Then spin those Petrobakken shares out to me!

1 comment:

  1. Since Petrobakken pays monthly dividends to Petrobank in the form of Petrobakken shares, this entire process is effectively Petrobakken paying cash to Petrobank for the latter's share repurchases.

    ReplyDelete