RE: If PBG spins off PBN won't the price of PB PBN is seemingly selling at a relative premium, mostly because of it's stature as a 'dividend' stock in the eye's of the "funds" mechanics.
However, at sale time PBG will top PBN by $2.00. Also, both PBG as well as PBN are way undervalued, compared to CPG (for example) due to past dissappointments that have All been very constructively addressed.
This is all starting to get realized by the markets, as oil continues to rise in value.
Watch Out the arab autumn
Next question is whether Thai continues to come on as strong as it appears. After PBN divestiture, PBG will have a ton of cash on top of $125 mil allready in the bank, to not only expand Thai, which may be a game changer, but to buy other O&G projects poised with potential.