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loving this stock right now
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Undervalued subsidiary of petrobank
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pay dividends, profitable, growing reserves
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Has a lot of land with oil and gas under it.
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Today I bought 300 more shares @ $20.27 to add to my 300 @ $20.38 and 100 @ $20.78 recently for a total of 700 shares. I used the TSX to buy them in Cnd $. They pay a 3.4% dividend, no bad at all.
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Petrobakken is a combination of TriStar and Petrobank and mainly a light crude producing company that began merged operation on Oct 1, 2009. People think they ovwerpayed for following acquisitions. Buying back 5% of shares.
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