RE:RE:RE:volume weighted average price (VWAP)For Lundin Petroleum (IPCO was spun off to its shareholders), Sweden shareholders own 18%, rest of Scandinavia 10% (not sure why they make that distinction but whatever), UK 24%, rest of Europe 11%, USA 26%, rest of world 11%.
I doubt that Canadians even own 10% of IPCO whereas they own at least 60% of Blackpearl. So any undervaluation of PXX relative to IPCO as far as the share exchange ratio is concerned is at the expense of Canadians, period.
By the way, IPCO and PXX use the same investor relations agent in Sweden: Robert Eriksson.
reriksson@rive6.ch