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Petrobank Energy and Resources Ltd T.PBG

Sector: Energy | Sub-Sector: Oil & Gas E&P

Petrobank Energy & Resources Ltd., is a development stage company. It is engaged in the exploration and development of heavy oil in western Canada. It operates Kerrobert heavy oil project using its patented THAI(r) heavy oil recovery process in the field.
Price: $0.47 | Change: $-0.005 | % Change: -1.05%
Volume: 203,830 | Day High/Low: 0.475/0.46 | 52 Week High/Low: 0.70/0.305

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RE:RE:it's unreal

actually there will be more tab members on the board. Looks as though tab should be running the show and put a stop to profit burning. Should be a win win for both sides. With the said though I only...read more
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RE:it's unreal

Lets see how many TAB shareholders vote against this deal.  I for one think this deal stinks for us TAB shareholders.  TAB does not need the cash and is growing without Petrobong smoking up TABs...read more
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it's unreal

i like the merger.  like the cash position, like the volume.  i guess we have THAI for free (in the sense the mkt is valuing at zero)  Raise Production (RPC) wellbore system increased flow rates by...read more
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RE:RE:RE:Volume ???

Where there's a Seller there's a buyer. blew plast 50 day moving ave of 40 cents with over 40 times daily avg volume. Most people would not see this as a bad thing.  rate and reply
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RE:RE:Volume ???

likely a cross trade. it was with TD 4,593,000 shares. Theos.  rate and reply
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RE:Volume ???

the sad news it was a 5mil sell. Beware.  rate and reply
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Volume ???

Average 200K , today 6M ??  rate and reply
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RE:RE:RE:trinidad and tobaggo - CASH FLOW

I think you are right but neither have performed and it appears now after the initial pop it is over.  I got out of the last sahres on the way back down and will wait to see what happens.  Probably...read more
1 star

RE:RE:trinidad and tobaggo - CASH FLOW

I believe PBG's THAI will erode TAB's profits gradually until they are sold to another entity. Wright does not have a good reputation in this industry after his failures with LTS.  rate and reply
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RE:trinidad and tobaggo - CASH FLOW

PXT does not  produce from Trinidad. It left Trinidad for Colombia last year.  rate and reply
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trinidad and tobaggo - CASH FLOW

Parex receives TSX OK for 10-million-share buyback 2014-03-13 08:09 ET - News Release   Mr. Kenneth Pinsky reports PAREX RESOURCES ANNOUNCES APPROVAL OF NORMAL COURSE ISSUER BID  rate and reply
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RE:hmmmm,,,whats danny d saying about the deal here

Well, may be some new math required as last PBG financial statements now show net equity at about 0.85 per share for PBG and lightstream just reported another loss. Was at about $125mm before????. You...read more
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RE:RE:RE:Excellent Deail

Now that is funny.  I guess my own problems with the "Board of Directors" of these companies affected my "reading" perception.  I got into Touchstone years ago at about 10 cents (1 cent actually but...read more
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RE:hmmmm,,,whats danny d saying about the deal here

http://www.stockhouse.com/news/press-releases/2014/03/06/petrobank-and-touchstone-to-combine-to-create-a-high-growth-fully-capitalized  rate and reply
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hmmmm,,,whats danny d saying about the deal here

any math people here,,,pbg book value $1.38 with 500 employees...97 ous tombstone 0.47 book value meaning its properties worth this value if sold today..,,138 ous just waiting to see and do  some...read more
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RE:RE:Excellent Deail

calling the boards "sad sacks". LOL, I am talking about the "sad sacks" on this board (Stockhouse BullBoard).  rate and reply
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RE:Excellent Deail

Does not make sense to me to be saying its a good deal and then calling the boards "sad sacks".  The Board is supposed to set direction. Why did Bey not take chairman versus leaving Wright in there...read more
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Excellent Deail

TAB is profitable and is generating organic growth from cash flows ... with the new tax changes  it means even better net backs going forward and with the cash infusion from pgb they will be able to...read more
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RE:vote?

Think Parex.  more crossover than you think between them all.  doubled this year.....  rate and reply
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vote?

do we get to vote?  rate and reply