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petroglobe inc (PGB) Snapshot

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petroglobe inc (PGB) Details

PetroGlobe Inc. engages in the exploration, development, and production of oil and natural gas in Canada. The company holds interests in Pembina Cardium light oil, Pembina Edmonton Sands natural gas, and Red Earth Slave Point light oil properties located in Alberta, as well as Sawtooth oil property situated in the Grand Forks/Taber area in southern Alberta. PetroGlobe Inc. is headquartered in Calgary, Canada.

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petroglobe inc (PGB) Key Developments

Petroglobe Inc. has Changed its Ticker to PGB.H from PGB

Petroglobe Inc. changed its TSX Venture Exchange stock ticker symbol to PGB.H from PGB.

Petroglobe To Transfer Listing From TSX-V To NEX

In accordance with TSX Venture (TSX-V) Policy 2.5, Petroglobe Inc. has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective on November 21, 2013, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Calgary to NEX. As of November 21, 2013, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies. The trading symbol for the Company will change from PGB to PGB.H. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market. Further to the TSX Venture Exchange Bulletin dated August 19, 2013, trading in the Company's securities will remain suspended. Members are prohibited from trading in the securities of the Company during the period of the suspension or until further notice.

Petroglobe Inc. Auditor Raises 'Going Concern' Doubt

Petroglobe Inc. filed its Annual on Apr 30, 2013 for the period ending Dec 31, 2012. In this report its auditor, Meyers Norris Penny LLP - MNP LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

 

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Price/Cash Flow 2.6x
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