RE:RE:RE:RE:RE:RE:RE:RE:Very, very irritating.....nozzpack wrote: Every share of PALI ( 48 m ) is backed by a share of NFG , as Pali owns 48 m shares of NFG.
NFG is basically its NAV.
Ketell owns 13.5 m shares of NFG through Pali.
Got it ?
I got it do you Pali is not A-pure play in NFG they can do what they want with their windfall when it happens also the law suit while proably not going to amount to much still is a negative .also they will have more of a tax liability attached to their shares than if you owned NFG shares direct ( their Adjusted cost base is low ) capital gains also just went up any money flowing to its shareholders would be in a dividend if they where to cash out to shareholders which they do not have to cash it all out either can use some or all of the funds for something else re another interest in another property where if you owned NFG they get bought out they would be buying your NFG shares if you own Pali .,Pali Nfg shares get bought out and you still own Pali
all this being said Iam not saying Pali is or was a bad investment just that it is not a pure play in NFG
if you own NFG shares instead of Pali shares in a buyout you would profit more by owning NFG shares