RE: RE: Great opporunity hereLoading up the truck. This will be one of the best performing funds for energy going forward. Converted 80K RTs to shares and sold the rest - 600% increase in just over 2 weeks.
Within a week or so of the closing (this Friday) this should pop to a much higher level ($3.7-4), and then will follow the index over the next year or so. Fund assets are up again today. Unless the managers royally screwed the pooch with transactions this quarter (and who knows, maybe they did), the Fund Net Assets (prior to the rights) should be $70M. Thats $4.12 per share and it trades at $3.26 today. After the offering the NAV per unit should be about $3.75 per share, with 17M+ in cash, no debt and 77M in assets in companies like Rio Tinto, Cameco, Canadian Natural Resources, Suncor etc...
Be nice if they could restart the distribution next quarter.