+ Watch PBEGF
on My Watchlist
dogpiling on TMFBabo's pick.
caps worst 30days
It's technology, if it works, will revolutionize the oil industry by drastically cutting the cost and increasing the yield of heavy oil extraction, and iIt appears to be proving out.
This stock was picked by TMFJake for the 2008 Stockpicking Contest.
Petrobank has some conventional oil and gas production, especially in the Bakken formation. But what makes them unique is their patented THAI (Toe to Heel Air Injection) heavy oil recovery process, an in-situ combustion (=underground controlled burn) technology for the recovery of bitumen and heavy oil from Alberta's oil sands, and also likely from oil sands in Columbia / Venezuela. This process has the potential to significantly reduce cost, energy and water inputs for oils sands production, and is already working on a demonstration / small scale production basis. Petrobank took the concept of underground combustion, or "fireflood" from theory to practice, so far with apparent success. With the end of easy, cheap oil in sight, this company could be immensly profitable. Also worth it for the Bakken play alone, even if THAI somehow turns out a failure.The real stock is on the TSX, and has made money for me since I bought it for 15$ a year and a half ago. One of my favourites.
With most of the oilsands worldwide in deeper deposits including a big part of the canadian deposits, the easy mining will be running out soon. Comparing the tech available to extract the rest, PBG's is clearly superior in many fronts. In addition, the assets it holds alone should put the price well above what it is today.
An oil sands company which is in the middle of developing its oil sands. Price is getting up there but it still has a long way to go. It is one of the better oilsands companies. One company not yet recognized is Connacher Oil and Gas which I rate even higher. Its production is just coming on line the first quarter reporting in May. How can you go wrong with two companies increasing production and with higher oil prices.
Oil and Gas pick - Oil Sands.
Petrobank Energy are the best player in the Canadian Oil Sands fields. They have patented the THAI system of steam injection to extract heavy oil from deep deposits. This does away with the need to excavate (and dispose of the spoil ecologically) it reduces the amount of water required and therefore saves on energy expended in extraction. The process is applicable to their other interests in Saskatchewan and in S America.
Has the technology which could revolutionize oil sands production. Very sensible 2008 P/E due to rising profits.
THAI(Toe-Heel-Air-Injection) Process, 78% ownership in Petrominerales, has play in the Bakken in SE Saskatchewan
This company is firing on all cylinders in Canada. Huge oil reserves with the best technology to get it out (THAI). Recently found another play in southest Saskatchewan. That's the province that is supporting investment instead of taxing it 20 percent like Alberta is. I think for pure profit taking petrobank has the advantage in so many ways: extraction method, province,and a recent take over. Oh did I mention Colombia who some argue is their best play. This one is a winner. They say not to fall in love with your stocks. Oops, too late.
Petrobank is a tar sands producer with both Canadian conventional and Colombian production. PBG is profitable and has just made a bid for a competing Bakken play producer, Peerless Energy in Canada. This merger will increase even more their drilling and production from the Bakken. 108 wells scheduled for 2008. Great mgmt, with THAI process to extract the tar sands. Ignites the bitumen underground, using the heat to melt the tar and help bring it to the surface. Much less capex and more environmentally friendly than either mining or SAGD.
Come on, a way to multiply the amount of oil you can get out of the old cow? Who wouldn't buy into this?This company is going to make its own monetary system. Coins, bills, and everything.
Petrobank has reached success with their THAI trials. It's potential has investors calling it "Canada's Google". While that may sound extreme, with THAI's ability to double the oil extraction of other company's reserves, they now have a license to print money. And you have to admit, that much is "Google"-esque -- even if it is Canadian money.
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ratings and Key Statistics provided by Zacks.
SEC Filings and Insider Transactions provided by Edgar Online.
Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions