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Bullboard - Stock Discussion Forum AvenEx Energy Corp AVNDF

GREY:AVNDF - Post Discussion

AvenEx Energy Corp > Buying Op?
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Post by Kisu on Dec 20, 2012 10:39am

Buying Op?

Deal will not be sealed until Feb.  Until then AVF will pay their dividend (I hope) and if as their advisors assert, it is an equitable deal, AVF should climb back to $3.32.  Any other thoughts?

 
Comment by nwahsrm on Dec 20, 2012 10:49am
It won't climb back to $3.32 because that price was underpinned by a 0.035 cent dividend which just got cut. That is also the reason why pace and charger are not trading up to the values listed in the nr, as those prices were based on 3.32 per avf share and not the new valuation based on a reduced dividend.>
Comment by Kisu on Dec 20, 2012 11:02am
At $3.32 and a $0.035 dividend the yield was a 12.7%.  At the same price, a $0.03 dividend the yield drops to 10.8% - still a generous payout.  At the current price of $2.79 the yield will be 12.9%.  
Comment by nwahsrm on Dec 20, 2012 11:07am
It is a generous dividend. However, people weren't, t paying $3.32 for a 10.8% yield, they were paying for a %13 yield. Hence the share price fell to return the yield to that level, which highlights how risky the market assesses this dividend to be...>
Comment by jacek99 on Dec 20, 2012 11:07am
Nobody said our current dividend is being cut, did they?  We'll continue @ 3.5/share until the new entity is in place, right? Am I missing something?
Comment by pone on Dec 20, 2012 12:00pm
No one with a brain was buying Avenex for their oil and gas!!    And the world doesn't need yet another debt-ridden Canadian company that is just a play on commodity prices.      The value in Avenex was Elbow River.
Comment by Kisu on Dec 20, 2012 12:06pm
I presume you have sold your shares by now and bought Parkland.  
Comment by jacek99 on Dec 20, 2012 12:08pm
Me, no...  I will hold out to get my purchase price back.  Dividend is still sweet and even if the new entity trades @ 10%, that still gives us a price of $3.60.
Comment by pone on Dec 20, 2012 12:11pm
Parkland is a very overvalued asset.   I did not buy them.   I want to sell Avenex at a higher price.  There is no reason to panic sell like other retail sellers did at open.
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