GREY:LGVWF - Post by User
Comment by
tulsateaon Oct 02, 2013 12:38pm
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Post# 21784667
RE:RE:RE:RE:Good news
RE:RE:RE:RE:Good newsLet us say LNV found a buyer for the company in Arc resources[ARX]. They would sell the entire company to ARX for ,38 shares of ARX shares for each share of LNV.. ARX share price is 26.40 and pays a 1.20 dividend. This works out to slightly less than $100,000/boe/day.
As AAV has a controlling interest in LNV this would be simple to do and it works out to around ten dollars a share for LNV. The deal would be accrertive to ARX.
As ARX shares are much more liquid than LNV shares, AAV could dispose of them at their leisure without roiling the market for ARX shares and they would be getting $10.00 a share for their portion of LNV. LNV shareholders would be getting a lesser dividend[.38 x 1.20] but have a higher share price.
There are many other scenarios with other companies than ARX--assuming LNV could find a company willing to buy it.