Petrobank Energy (PBEGF.PK +5.3%) shares pop following the company's sale of its May River oil...

|About: Petrobank Energy And Resour... (PBEGF)|By:, SA News Editor

Petrobank 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)