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Thursday, May 10, 2012

Petrobank Buyback Accelerates

Petrobank bought back a larger chunk of its shares yesterday:


Toronto Stock Exchange

Company Name : Petrobank Energy And Resources Ltd.Last Updated: May 9, 2012
DateSymbolInsider
Buys
Volume
Insider
Sells
Volume
Insider
Buys
Value $
Insider
Sells
Value $
Insider
Buys
Transaction
Insider
Sells
Transaction
Currency
05/09/2012PBG79,7000945,826.000.002390CAD


Funded by taking advantage of the market inefficiency that has Petrobank selling for less than Petrobakken despite Petrobank having no debt, owning 1.05 shares of Petrobakken for each Petrobank share, having $1.0 per share in cash AND the THAI technology and oil resources.

Note that Petrobakken is also continuing to buy back its shares as well:


Toronto Stock Exchange

Company Name : PetroBakken Energy Ltd.Last Updated: May 9, 2012
DateSymbolInsider
Buys
Volume
Insider
Sells
Volume
Insider
Buys
Value $
Insider
Sells
Value $
Insider
Buys
Transaction
Insider
Sells
Transaction
Currency
05/09/2012PBN22,10068,700267,822.00849,933.0024172CAD

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