GREY:LGVWF - Post by User
Comment by
Seppelton Feb 28, 2014 8:42am
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Post# 22262884
RE:RE:RE:RE:RE:RE:Scotia buying at the close, high of the day
RE:RE:RE:RE:RE:RE:Scotia buying at the close, high of the dayNawar,
My understanding, $4.45 was the price the underwriters paid to AAV. The buyer bought the 19.8% from the underwriters so probably paid a premium.
In any event, LNV is the most undervalued E&P with highly desired assets in Cardium and SE Sask. The potential buyer should be agressive and not to waste time counting pennies - there are only 47 mil. shares outstanding and a modest debt. $5.6 may not get the shareholders approval.