Nak, Why does somebody else have too lose for you to make a point. I have been a shareholder in PBN longer than you. I avg'd down from $19 thoughout 2011 and I am back to even. ERF is a company that has rewarded shareholers like me for 10yrs and you have to make it a zero sum game. Why does ERF have to be a phoney unsustainable company for you to be happy about Petrobakken? You are surely going to lose in the longrun because your emotion has replaced sense.
Perhaps i am wrong but i thought erf has a pay out ratio above 100% and that would be unsustainable for more than a short period of time. This is confusing to me because sometimes i notice different definitions of pay out ratios and they dont include the capital expenses only the operating expense/cost. any one care to comment on the actual pay out ratio all expenses included?