RE: RE: nova press release all three of the proposed plans by nova are very risky.
break up plan - sell all assets, no one wants dixonville or gas so you have southern alberta, can you get 3.40 a share + divi + growth. you are priced in at 2.80 with it so a quick sale would probably lose money.
rights offering for 25million, again 25 million is nothing and will accomplish nothing in the field add a tiny bit of production, then what your in debt more and still have no capx. in the same situation.
scaled down merger, avf doesnt want to pay you a better premium get over yourself we would rather go chx.
this statement on the press release should warn investors of novas intentions,
Under the Arrangement, Pace shareholders are diluted by both Charger, apparently in exchange for the Charger management team, and by AvenEx, likely in exchange for its debt free balance sheet.
.no charger has great light oil lands and production. avf has capital and the cash to muscle the savings by packaging all the upper management off which will create savings seen on day 1.
if pce wants to fire sale all its assets as i think is novas intentions then go for it see what offers you get. as an investor i want to see growth with our capx and possible dividends.
and yes pce is in need of getting capital as nova has confirmed. they cannot grow at proper rates without it.