Zero Net Debt + Special Dividend Today we saw NVA hit another new High, $9.54, that makes POU share position worth somewhere around 380 million dollars.
The other way to look at it is this, POU could buy NVA at 20% below their market evaluation because they own 20% of the stock.
My guess is this, POU updates their presentation usually spot on every month, in fact it has been lagging in updates a bit. My guess there is a material update coming.
Also a 50 cent special divvy is really not out of order, (Or higher)
Lots of stuff has happened since the last presentation, they have converted the debentures, they have licensed well and drilling in the duvernay.
However one big thing is this Wapiti is very high liquids 60-70 percent and a lot of wells are coming on and the price is amazing for condensate.
I wait with anticipation for the next update.
IMHO