Purchase of PetroBakken Energy (TSE:PBN)

My order for 150 shares of PetroBakken Energy (TSE:PBN) was filled on Thursday, May 20th. PetroBakken is has a suite of high growth, long-life assets primarily in the Bakken and Cardium regions. Q1 production was in excess of 43,000 bbl/day, nearly 90% of which was light oil. In addition, it has large land positions in the Monias and Horn River regions of North-Eastern British Columbia.

I have owned different pieces of this company in the past: Bulldog Resources, which was bought out by Tristar Oil and Gas (which later merged with Petrobank's light oil assets), and Beren's Energy, which was recently purchased by PetroBakken to gain land exposure to the prolific Cardium region.

Additional info about the company can be found on their website: http://www.petrobakken.com/

PetroBakkens $0.08 monthly dividend brings my portfolio's total quarterly dividend income to $188.60.

Power Financial's (TSE:PWF) Second Quarter Earnings

Power Financial announced second quarter earnings of $0.51, which were helped by a 36% increase in earnings contributed from Great West Lifeco in comparison to the same period last year. RBC announced a $36 price target for the shares, which assumes a discount to net discount value of 8% (currently discount of 10%).

The dividend remained unchanged at $0.35, however my DRIP will continue to grow my position. A summary of PWF's dividend contributions to my portfolio are shown below.

Purchase of Bonterra Energy Corp. (TSE: BNE)

I was fortunate to have my small order for 100 shares of Bonterra Energy filled at on Wednesday, May 19th. This purchase gives me exposure to oil and generates strong dividend income for my portfolio. The dividend is currently set at $0.21 per month (7%) and fluctuates based on oil prices and production. As stated on the company`s website, Bonterra has paid a monthly dividend since going public and pays out between 60-75% of fund flow.

My reasons for choosing BNE are simple: they have a lot of unbooked reserves in the prolific Cardium region, a huge yield of 7% (higher than CPG, PBN), are due for another dividend increase (dividend is currently 50% of fund flow), are actively drilling and growing production, and have very large insider ownership.

At today`s dividend rate, this purchase increases my quarterly dividend income from $88.85 to over $150.