RE: Will PBG take a hit after spinning off Actually PBG may increase in cap. value to 114% of PBN ( as they own 57%) plus whatever value the market decides $100mil in cash along with thai and heavy oil assets, along with management may be worth. Maybe another $i.50 for residual 100 mil share count ????.
Meanwhile petrobakken keeps doling out their healthy dividend.
Best of both worlds, depending on what PBG does with their cash and other assets. Plenty of opportunity still out there.