RE:RE:outperform rating and C$8.00 price target With my Globe and Mail subscrption I set up their Watchlist to track stocks They have a mean target from 2 analysts of $9.58 with a 5.00 outperform for NFG.
I have recently sold most of my NFG and bought Palisades Goldcorp, symbol V.PALI which owns 27% of V.NFG or about 51 million shares. PALI with 48 million shares means that PALI owns 1.06 NFG shares for every PALI share. PALI is an investment bank which also owns a few minor plays but NFG is by far their main holding. The president of both companies is Collin Kettell who owns shares in both companies. I qemailed him why NFG trades at $5.15 while PALI trades at $2.45 or 44% of NFG NAV! He did respond next day saying that while there is a tax liabilty should PALI sell their NFG holdings, PALI is still a good opportunity with a worthwhile discount to NFG. Part of the problem is PALI was just listed early last year, is not well known and is thinly traded so far. If you go to both websites this info along with an email questionaire is available.
Do your own due diligence and contact him. He seems quite responsive to answering questions.