Revenue in US Funds Good for Canadian and US Investors
As Canadian Investors we are on the right side of the currency trade. ArPetrol being paid in US Dollars pursuant to their gas processing contract and being net positive in excess of $1.25MM US Dollars per quarter is becoming better and better positioned to declare a dividend. This dividend would likely be declared in US Funds which gives Canadian Investors a 20% bump with the currency exchange. This will also make investing as a US investor more interesting as they effectively get a 20% discount on share purchase prices. Patient Money Wins. IMHO, Doc.