AvenEx Energy Corp AVNDF

Asset sales ??????????

[TimeBuilder]

A wait and see what happens in this process...FYI...Long, Strong and holding..Regards to ALL patient investors, TimeBuilder

 

AvenEx also announces that it has initiated a process to identify potential alternatives to maximize the value of its oil and natural gas properties. Such alternatives may include, but are not limited to, the sale of all or a portion of AvenEx's assets, the sale of the corporation, or a merger or other business combination or similar transaction. AvenEx cautions that there are no assurances that the process will result in a transaction or, if a transaction is undertaken, the terms or timing of such a transaction.

[kingofcotton]

  It looks like AVF would like to keep Elbow and dispose of the oil and gas, and maybe not such a bad idea, as no value currently seems to be placed on Elbow by the market. NG seems to be rebounding, but the oil in western Canada is stranded getting substantially below world prices. As a guess-estimate: high-growth Elbow $3 to $6 per share and oil/NG assets ~$4 per share, for $7 to $10

[themangokid]

a few things.  there is no michelle robataille/bruce campbell cover up.  the company announced they are going to explore strategic options.  not that anyone has already contacted them or that a deal is in the works.  as michelle r. and bruce c. are aware, this is the 2nd time the company has put itself up for review.  the first time they had a ton of cash on the books and

[billfox54]

First of all, it was not a surprise to everyone that they cut their divvy.  As I posted on this board at the time, I was briefly short this stock in the low $5 range.  Natgas was plummeting; I was amazed that anyone was surprised by the cut.  Kudos to management for not doing denial. To me the important line in the Q2 release is in Kisu's quote, where they expect Q3 cash flow to

[Kherson]

Looks to me like the easy money has already been made themangold. If you really understood the AVF story, you too would be in my position, sitting on a pile of shares that I bought below $3. To make a long story short, the dividend is sustainable... Kherson

[themangokid]

I understood the story plenty, kherson, which is why I sold at $5+. I had the option and considered buying at $3.  However, I'm not a big fan of catching a falling knife on a dividend cut.  Others may not mind that style but its just not for me.  I'd much rather pay a higher price for something when some of the risk has been removed.    I think you are