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Bullboard - Stock Discussion Forum Perpetual Energy Inc T.PMT

Alternate Symbol(s):  PMGYF

Energy Oil & Gas E&P
Perpetual Energy Inc. is a Canada-based oil and natural gas exploration, production and marketing company. The Company owns a diversified asset portfolio, including liquids-rich conventional natural gas assets in the deep basin of West Central Alberta, and undeveloped bitumen leases in Northern Alberta. The Company also has a portfolio of oil sands leases which have bitumen resource potential. see more

TSX:PMT - Post Discussion

Perpetual Energy Inc > Perpetual Energy To Vend Clearwater Assets Into New Firm To
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Post by AwareInvestor on Jul 16, 2021 8:33am

Perpetual Energy To Vend Clearwater Assets Into New Firm To

Perpetual Energy this morning announced that it is effectively spinning out certain of its assets to enable the company to better manage its balance sheet. The company has formed Rubellite Energy, which is to take over the firms Clearwater assets in Northern Alberta.
Comment by alkhor on Jul 16, 2021 3:59pm
Does anyone understand the reasoning of consolidating the Perpetual shares at a ration of somewhere between 500 and 1000 to one and then undoing this at the same ratio? Has to be tax related but I don't  see how.
Comment by BobTheKnob2 on Jul 16, 2021 11:29pm
Sounds like it is a way to shake out the small retail shareholder that has odd lots from years ago. This way they get cashed out and the company saves money on administration costs for theyr AGM. I have seen a few of these recently. Not sure if that is what is going on here or not, but seems like a reasonable assumption.  
Comment by BobTheKnob2 on Jul 19, 2021 1:36am
Perpetual Energy Inc
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