RE: RE: RE: RE: Ex-date? I can appreciate your desire for a quick swing trade profit. I do it often enough myself. However in this particular case we have a dividend paying stock that is worth $3.50 to $4.00 per share minimum based on industry standard. I personally got in cheap enough that I sincerely feel that I will never see my position in the RED for at least a year. I can sleep at night holding this position. I only set the safe time frame at a year because I am a realist and the management could indeed fall on their face, or something unexpected could happen.
I am familiar with the skepticism you and many others have expressed that SpyGlass will not likely see a $5 pop. However my reply to that skepticism is to direct your attention to the PPS history of both Pace and AvenEx individually. Both companies had a birthday that included a $5 pop.
It seems to me with the combined assetts and potential that all three of these companies create in the formation of a brand new Mid Size corporation that my suggestion that they will have a $5 pop is far more likely than the odds were for AVF and PCE having one, but both of them did. Think about it.
As for why I value the PPS at between $3.50 to $4.00 per share. You have probably already seen why in another post I made, but for the benefit of others I will will repost it.
Addressing the value of SPYGLASS stock based on the dividend it pays I am thinking is the way to go. Lets compare it to other Canadian companies in the same industry that pay dividends.
Lets try it with Whitecap Resources. $9.00 PPS paying .05 cent a month. That figures out at $1.80 per penny per month.
https://www.wcap.ca/investors/dividend-information
So for SPYGLASS you would get $1.80 x 2.25 cents = $4.05
Lets try it with Enerplus Corporation. $14.00 PPS paying .09 cent per month. That figures out at $1.56 per penny.
https://www.enerplus.com/investor/dividends/dividends.cfm
So for SPYGLASS you would get $1.56 x 2.25 cents = $3.51
For those who doubt that it is a fair assessment to compare SpyGlass to the industry standard consider this.
I decided to look up what is considered a a key metric for this industry in Canada.
Oil and Gas ''Tax Pools'' – A Little-Known Investor Strategy
https://ca.finance.yahoo.com/news/oil-gas-tax-pools-little-183900493.html
12-Month Cash Flow Forecast $115 - $130 million
Estimated combined Tax Pools $900 million
https://www.marketwire.com/press-release/pace-oil-gas-avenex-energy-charger-energy-combine-form-intermediate-dividend-paying-tsx-venture-chx-1740015.htm
I think that SPYGLASS passes the test quite nicely. As you can see in the link below they are at the front of the pack running in 5th place among all the Canadian companies in their field.
A New Way To Look at Buyouts for Oil and Gas Investors
https://oilandgas-investments.com/2013/investing/buyouts-oil-gas-investors/