AvenEx Energy Corp AVNDF

new share price Apr.4 for SGL

[didan13]

I am a rookie. would somebody explain what the starting price on April 4 will be for new entity SGL from merger of CHX, PCE & AVF or hwo they arrive at a price.  Why does website for SGL state starting dividend will be .0030 and news release state .0225, Any help greatly appreciated.  Great blog.

[trismigistus]

The reason some sources still say .03 is because they changed it to .0225 and the old sources of information were never updated. Assume it will be .0225 To my knowledge there is no information out there as yet to indicate how much the new SGL stock will begin trading at when placed on the exchange, but I personally am assuming that any price it begins trading at that is below $3.00 per share won

[trismigistus]

Pace Oil And Gas (TSE: PCE)‘s stock had its “sector perform” rating restated by equities researchers at CIBC in a report issued on Tuesday, StockRatingsNetwork reports. They currently have a $4.00 target price on the stock. https://utahpeoplespost.com/2013/04/pace-oil-and-gass-sector-perform-rating-reaffirmed-at-cibc-pce/  

[Joe454]

This post has been removed in accordance with Community Policy

[skygarden]

Joe, I think the second part of your comment sums it up best--when SGL starts trading on the market that is when we will find out.  There have been a few posts stating that Avenex shares were now worth $3.50 to $4 after the merger (time will tell) and some confusion on whether the SGL shareprice is following AVF or PCE.   

[jjeerryy]

My guesstimate is SGL will start between AVF and PCE near $2.75 and MOVE UP!

[bigbank91]

I agree jjeeryy, we will start at the close of avf today. 2.40 - 2.50. there will be a little selling of sgl to start the day as chx shareholders have missed out on selling this week, some are not long term holders. the sellers are being picked up rapidly as you can see from todays volume. on a down day for the tsx it looks very good. buyers are still not backing down. sellers will soon be out of

[bigbank91]

Its also a great sign that buyers have not waited for chx shares (.40 halted). to come available for sale, which they will be on thursday.  as big holders will want as much shares as they can get at these levels. they are willing to buy avf, pce up and give chx sellers a break as now they will be worth more then if they sold around .40(2.22).