GREY:LSTMF - Post by User
Comment by
ltrabson Mar 15, 2012 1:15pm
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Post# 19675110
RE: Looks Like Brent Thinks it's going higher
RE: Looks Like Brent Thinks it's going higher it's obvious Petrobanks management .. same management as Petrobakens .. agree that .
Petrobakken DRIP is a better investment than buying back PBG shares at the present market discount.
Otherwise they'd buy back some Petrobank shares with their spare cash.
Like us, just sit back and collect ones dividend and ignore the discounted price of Canadian oil over the short term.
At least now, rather than spending the dividends they're putting it aside for the shareholders.
By my count PBG shareholders at year end should have close to 1.09 Petrobakken shares for each 1 PBG share owned .