Bullish Piece On Petrobank
Posted: Thu Oct 21, 2010 7:34 am
That is a very good analysis of PetroBank. My "Fair Value" or current break-up valuation for PetroBank is $80/share.
PetroBank has been in my Sweet-16 for five years. It was added at about $8/share so we have done quite well but there is certainly a lot more upside.
For 2006 the company's net production was 5,269 boepd. They are on track to exit 2010 at over 100,000 boepd and they are heavily weight to oil.
Dan