Tamarack Valley Energy Ltd T.TVE

Who bought the shares?

[rico91]

We know that Arc Resource Fund sold 57 million shares. The real question is,who bought them and do they intend on holding them?
Rico

[dogatcat]

Do they not comment on why they are selling these shares of TVE?

[BigJake]

That is exactly the question we should be asking 

[Oldgreyguy]

The problem with issuing shares to a private equity fund when you acquire their assets is the knowledge that the fund will sell them as soon as possible.  Fund holders usually want liquidity after 5 or more years and publically traded TVE gives them liquidity.  I hope the CFO has found friendly hands for the former ARC shares or they might get dumped on the market again.  They press

[ziggy1410]

These prices are take out prices,,,,Bargain City...

[dogatcat]

You are not kidding.  This may the most undervalued stock on the TSE right now!   I was trying to get some TVE under $4...no luck today for me.  I am buying some at $4.  

[rico91]

If you click on " insiders " you will see it shows that Arc has 0 shares as of Feb 10!? Rico

[Oldgreyguy]

That is very interesting - perhaps there was a behind the curtain deal to allow ARC to liquidate.  At any rate it is always good news to know a private equity fund nearing it's liquidation date is out of your stock.

[ziggy1410]

Only 50% of the shares, next 50% in 6 months..

[EstevanOutsider]

It was a bought deal transaction with 3 banks taking part. They offer the shares internally to their clients. Likely many retail investors ended up with them. It wasn't a handover of shares from one party to the other.