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PetroBakken Energy (PBKEF.PK -2.7%) sets its 2013 capital budget at C$675M, which is expected to...

  • Friday, January 11, 9:56 AM ET
    PetroBakken Energy (PBKEF.PK -2.7%) sets its 2013 capital budget at C$675M, which is expected to result in average annual production growth of 8%-12%. The plan is expected to deliver an average daily production rate of 46K-48K boe/day and exit 2013 production of 49K-52K boe/day, with an 85% liquids weighting.
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This news story has 3 comments:

  •  
    With a 9.4% dividend, excellent management, and a 10 year drilling inventory, what am I missing? The stock goes nowhere. They need a buyout.
    11 Jan, 02:28 PM Reply Like
  •  
    You aren't missing anything except the worry for shut ins on really bad winters. probably will get a buyout - Chinese buyout
    14 Jan, 10:47 AM Reply Like
  •  
    Right. The excitement of Chinese buyout is what is fueling a nice 8% selloff. I think it's the fact that cap exs are high for limited upside in oil production.
    14 Jan, 01:08 PM Reply Like
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