Petrobakken offers a 9% dividend and it trade below its book value currently with a single digit pe.
Production growth for 2011 is 25% (the target is hit with 50000 boepd by year end) and for 2012 the minimum growth is 15% according to the company.
Petrobakken has also a market cap only 3x its annualized cash flow.
KMP was in my portfolio for a couple of years but I think it is not cheap any more.
To TRADERNOR, YAHOO ,
PBN.to close at 12-31-10 was $21.15 Paid div
for 2011 .96 $12.83 close of PBN.to
on 12-31-11 If I would
of bought your stock I
would of lost --$8.83
a share , no thanks !
2011 EST. earnings $1.29 2012 EST. earnings $1.13 -.16
TRADERNOR, If I would
of bought PBN the last
day of 2010 even with
div at 0.8 per month.
I would have lost $6.33
per share. 2012 earnings are expected
to be less than 2010.
I think I will stay with my KMP. KMP div for 2012 $4.98 yield 5.78.