I've been a shareholder of Suncor, Canadian Natural Resources, Cenovus and Encana for a few months.A couple of weeks ago I found out about Petrominerals and Petrobank while reading about Suncor etc.I don't have much spare cash at the moment and have to decide between investing in Petrobank and Petrominerals. Which one should I pick?
Hard to tell. PBG is getting its brains beat in, so it might be a better bargain.PMG is in the sweet spot of oil exploration, production, and growth, but it isn't securely in North America.I would split the money.Or, I would look to find coal producers in Australia that aren't inundated.
PBG up nicely today. Maybe we've seen the bottom in the low $18s. L2L