Adams Natural Resources Fund Inc V.PEO

Primary Symbol: PEO

Adams Natural Resources Fund, Inc. (the Fund) is a non-diversified investment company. The Fund is an internally managed closed-end fund specializing in energy and other natural resources stocks. The Fund's investment objectives are preservation of capital, the attainment of reasonable income from investments, and an opportunity for capital appreciation. The Fund invests at least 80% of its assets in petroleum or natural resources industries or industries connected with, serving and/or supplying the petroleum or natural resources industries. The Fund has broad flexibility to invest in stocks of varying capitalizations, and primarily invests in stocks found in the S&P 500 Energy and S&P 500 Materials sectors. The Fund invests at least 25% of its assets in petroleum and petroleum-related industries. The Fund may invest up to 25% of its assets in commodities related to petroleum, minerals and related products, including swaps. The Fund may invest up to 10% of its assets in real property.

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Adams Natural Resources Fund Inc > PEO halted? Wonder what's up!?

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Comment by YourMakeron Apr 06, 2020 9:39pm

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Post# 30885223

RE:RE:RE:PEO halted? Wonder what's up!?

2.8M is a drop in the bucket to the 68M they have outstanding. However, the issuance price will set a bit of a floor on what is an erratically traded stock that moves +/- $2 either way on low volume. I believe the $20M like others in the past will be to line up couple more acquisitions this year. Let's hope revenue growth keeps pace to keep things on the sunny side of $6.

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