Post by
jonesrj on Oct 07, 2005 5:54am
End Game
End Game.
I have been involved in two stocks where a major bought out the assets.
The first was when Newmont bought out Franco Nevada.
I was given Newmont shares for my Franco Nevada shares.
I still have them. I cannot quite figure out what to do with them.
The second time, it was a little more complex.
Viking Energy Trust took over Key West Energy.
I was given shares of Viking. A new corporation was formed, Luke Energy, that contained the odd bits of property that Viking was not acquiring and the management of the previous company.
I was given shares of Viking and shares of the new company, Luke Energy. At the time, the value of my Viking shares was much more than the value of the Luke Energy shares. Over time, I sold my Viking shares and put the proceeds into Luke, hoping that the management may be able to do this again.
Do you think that these are the scenarios that we will be looking at, or will things play out differently?
RJ