Petrobank Energy and Resources Ltd.

$10.55 Market Perform
Target: C$16.50
SymbolPBG.TO
ExchangeToronto
Trade Date-
Last Trade10.55
Change+0.08 - +0.76%
52-week Range5.57 - 20.20
Market Cap1.121B
Volume982313
Dividend YieldN/A
Price/Sales1.10
P/E Ratio23.11
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PBG: 4Q11 Results; Increasing PBN DRIP Participation to 100% 2012-03-16
PBN: Strong 4Q11 Financial Results; Increasing 2012 Budget 2012-03-08
PBG: Announces Sale of May River Property 2012-02-01
PBG: 2Q11 Results; Kerrobert Start-up 2011-08-17
PBG: 1Q11 Results, Target Lowered 2011-05-17
Petrobank Energy and Resources Ltd. is engaged in the exploration for and development and production of oil and natural gas in the Western Canadian Sedimentary Basin. The Company operates in three business units: the Heavy Oil Business Unit (HBU), PetroBakken Energy Ltd. (PetroBakken) and Petrominerales Ltd. (Petrominerales). The HBU operated the Kerrobert heavy oil project and Conklin oil sands project, using Petrobank’s THAI technology. As of December 31, 2010, PetroBakken, 59% owned by the Company focused on oil and gas operations throughout western Canada with a primary focus on light oil developments from the Bakken formation in southeast Saskatchewan and in the Cardium play in Alberta. Petrominerales is focused on oil exploration and production in Colombia and Peru.