10:12 AM EST - Petrobank Energy and Resources Ltd. : is buying Peerless Energy Inc. in a friendly deal valued at about $334 million. Both Calgary-based companies are involved in the Bakken play in southeastern Saskatchewan. Combined, the two companies' current production from the Bakken play is approximately 7,900 barrels of oil per day. Petrobank Energy and Resources Ltd.
shares T.PBG are trading down 5 cents at $53.35.
