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Petrobank Energy (PBEGF.PK +5.3%) shares pop following the company's sale of its May River oil...
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Wednesday, February 1, 2012, 11:39 AM ETPetrobank Energy (PBEGF.PK +5.3%) shares pop following the company's sale of its May River oil sands assets for $225M. This leaves Petrobank with a large net cash position, perhaps making investors wonder if a spin-out of subsidiary Petrobakken (PBKEF.PK) won't soon follow. (submitted by Devon Shire)
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