Hi Dan,
Can you summarize what's been told at the petrobank lunchon? Or can whe see or hear it somewhere?
Thanks
Jos Moons
Belgium
petrobank
Re: petrobank
You can find their presentation at www.petrobank.com
Each share of Petrobank = 1.03 shares of PetroBakken + a share of their heavy oil business.
My reports on Petrobank and PetroBakken can be found under the Sweet 16 tab. Just click on the Petrobank logo.
At today's close, Petrobank was trading just $1.69 above PetroBakken, so you can get the HUGE upside of their heavily oil business for almost nothing.
Three things will make Petrobank go up and I believe all three are on the way.
> Petrobakken production and reserves go up
> Oil prices go up
> Petrobank reports progress in their heavy oil busines on several projects. < When this happens the share price goes way up. The company told me that the current value of their heavily oil business is about $11 to $12 per share. This does not include the value of their 100% owned technology company.
Heavy oil business:
In addition to the on-going efforts at Whitesands, the company now has four additional projects where THAI® is being deployed. Go to the company website for details on each of these projects.
May River
Dawson
Kerrobert < should be up to 7,500 bopd by the end of 2012
Sutton, Saskatchewan
Each share of Petrobank = 1.03 shares of PetroBakken + a share of their heavy oil business.
My reports on Petrobank and PetroBakken can be found under the Sweet 16 tab. Just click on the Petrobank logo.
At today's close, Petrobank was trading just $1.69 above PetroBakken, so you can get the HUGE upside of their heavily oil business for almost nothing.
Three things will make Petrobank go up and I believe all three are on the way.
> Petrobakken production and reserves go up
> Oil prices go up
> Petrobank reports progress in their heavy oil busines on several projects. < When this happens the share price goes way up. The company told me that the current value of their heavily oil business is about $11 to $12 per share. This does not include the value of their 100% owned technology company.
Heavy oil business:
In addition to the on-going efforts at Whitesands, the company now has four additional projects where THAI® is being deployed. Go to the company website for details on each of these projects.
May River
Dawson
Kerrobert < should be up to 7,500 bopd by the end of 2012
Sutton, Saskatchewan
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group