RE: bladerummer1>> Is $0.20 by November possible bladrummer1, "I'm losing thousands every day": shut the ticker off and go out and enjoy the spring weather. You don't actually lose the money unless you sell the stock. The company guided in a recent quarter what the cash flows would be at WTI at $90 (I crunched teh #'s that showed unless oil drops below $77 they can safely pay the dividend - and that assumed only 50% Petrobank participation in the DRIP and 20% from remaining shareholders. Petrobank is participating 100% so less cash going out of PBN. WTI would have to drop significantly below $77 for an extended period before the dividend would need to be reviewed/lowered so I don't see 20 cents as you have suggested.
You have a cost base yield of 5.75% based on your $16.70 purchase price. When gov't of Cda 10 yr bonds are below 2% (before tax and you are getting 5.75% with the dividend tax credit benefit) you are ahead.
"Stocks are the biggest scam going" : I disagree with the general statement. It is really all about company execution. The CEO of PBN screwed up last year, he acknowledged that and since then the company has been firing on all cyclinders re: production grow, cash flow increases.
Finally, I assume you are participating in the DRIP program wtih PBN, because if you are you are getting more shares at a 5% discount to the 20 day weighted average trading price of PBN. In effect you are 'averaging down' with PBN each month the stock is below $16.70. I am happy to participate in the DRIP so that in time my average cost will be lower too.
Wish you all the best, mski