BNET Industries

Market Cap:$8.2B
Last Fiscal Year Sales:$245.6M
  • Public
  • CA
Dow Jones Description

Petrobank Energy and Resources Ltd. is a Calgary-based oil and natural gas exploration and production company with operations in western Canada and Colombia. The Company operates high-impact projects through three business units. The Canadian Business Unit is developing a solid production platform from low risk gas opportunities in central Alberta, along with a light oil resource play in southeast Saskatchewan, complemented by new exploration projects and a large undeveloped land base. The Latin American Business Unit is operated by Petrobank's 76.6 percent owned, TSX-listed subsidiary, Petrominerales Ltd. (trading symbol: PMG), which produces oil through two incremental production contracts in Colombia and has exploration contracts covering 1.5 million acres in the Llanos and Putumayo basins. Whitesands Insitu Ltd., Petrobank's wholly owned subsidiary, owns 39,680 acres of oil sands leases with an estimated 2.6 billion barrels of bitumen-in-place and operates the Whitesands Project which is field demonstrating Petrobank's patented THAI heavy oil recovery process. THAI is an evolutionary in-situ combustion technology for the recovery of bitumen and heavy oil that integrates existing proven technologies and provides the opportunity to create a step change in the development of heavy oil resources, globally.

Number of Employees 47
Contact Information

240 4th Ave SW Ste 2600

Calgary, Alberta T2P 4H4

www.petrobank.c...

(403) 750-4400

NAICS Code Crude Petroleum and Natural Gas Extraction: 211111

Recent Events

  • BRIEF-RESEARCH ALERT-UBS raises Canadian Natural, EnCana to buy

    11/17/09 - Bond / Stock Rating - View Story

  • Petrobank Records Third Quarter Net Income of $54.8 Million

    11/12/09 - Financial Announcement - View Story

  • BRIEF-UBS cuts Canadian Natural, Canadian Oil Sands, EnCana to neutral

    10/19/09 - Bond / Stock Rating - View Story

  • $21 Billion of Oil and Gas Deals Announced Third Quarter 2009 PLS, Inc. and Derrick...

    10/04/09 - Merger / Acquisition - View Story

  • Money monitor: Look for size, quality in picking Sask. oil players, experts advise

    8/28/09 - Merger / Acquisition - View Story

  • Petrobank Energy earns $34.66-million in Q2 2009

    8/13/09 - Financial Announcement - View Story

  • Successful run of Packers PlusR 20-stage StackFRACR HD further opens up the Bakken

    8/12/09 - Merger / Acquisition - View Story

  • UPDATE 2-Petrobank Energy to buy TriStar in C$2.24 bln deal

    8/05/09 - Merger / Acquisition - View Story

  • Petrobank and TriStar to create company focused on Saskatchewan's Bakken region

    8/04/09 - Joint Venture / Alliance - View Story

  • Petrobank arranges $300-million (U.S.) note offering

    6/25/09 - Product Announcement - View Story

  • BRIEF-RESEARCH ALERT-Raymond James raises ratings, targets on Canadian energy cos

    6/22/09 - Bond / Stock Rating - View Story

News & Analysis

petrobank energy & resources ltd. - All News and Analysis

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PBG $37.93 -0.30 (-0.78% )
Volume 1,057,513
Shares Outstanding 217.9M
Market Cap 8.2B
Year High 38.24
Year Low 16.36
Earnings Per Share 1.090
P/E Ratio 34.7982
Dividend 0.72
Yield 1.8982
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