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.
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.Report Typo/Error