Go to the Globe and Mail homepage

Jump to main navigationJump to main content

(JASON FRANSON For The Globe and Mail)
(JASON FRANSON For The Globe and Mail)

Who is Buying and Selling

Buying at PetroBakken Energy Add to ...

PetroBakken Energy Ltd. expects to generate between $3.30 and $3.50 in funds flow per share this year. While much of that cash will be devoted to drilling in Alberta's Cardium and the Saskatchewan Bakken plus other areas, the firm still expects to pay 96 cents in distributions in 2013. That gives the stock about an 11-per-cent yield.

More Related to this Story

What caught our eye was some insider buying. In March, CEO John David Wright bought 20,616 shares between $9.33 and $9.54. Then on April 2, another officer bought 10,000 shares at $8.70.

Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.

Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.

 
Live Discussion of PBN on StockTwits
More Discussion on PBN-T

Topics:

Globe Investor - GIT Upsells
It's never been a better time to get Globe Unlimited
Try Globe Unlimited, featuring new Globe Investor Tools, for a special trial rate. Only 99¢ for your first month.

Are you a Globe Investor Gold subscriber?
You qualify for complimentary access to Globe Unlimited.
Visit: globeandmail.com/globeplusunlimited
Try it today

In the know

Most popular video »

Highlights

More from The Globe and Mail

Most Popular Stories