TSX:ONR.UN - Post by User
Post by
nijinsky70on Sep 19, 2011 1:44pm
399 Views
Post# 19057916
Pump and dump?
Pump and dump?Looks like we are in a "pump (last Friday) and dump (today)" situation. I know ONR will eventually be $15+ before the end of this year, it's just a matter of when.
The way I see it Poseidon alone is worth about $10 to $11. I use a very conservative 10% yield on the $1.08 annual dividend rate, that gives us $10.80. The 10% used is rather conservative. The best blue chip TSX companies only pay about 4% or 5% dividend yield tops. I assume Poseidon is deemed to be much higher risk hence a 10% yield rate is used. The current natural gas production business should at least worth $4 or $5 a share. You combine the two, we should be looking at around $15.
Anyone knows the timetable on whent he spinoff materials will be sent? Also, what's the timing of the final shareholder vote?