AvenEx Energy Corp AVNDF

down 6%

[gvixid]

Doesn't look like the vote is going through.

Market is telling is the deal is dead.  If so, then so is AVF

[bbarberayr]

I don't think that is correct.  Every other time they didn't have enough votes, they postponed before the meetings.  The fact tht5a they are going ahead implies that they do.  More likely just some arb guys playing a long/short position between PCE and AVF to capture the spread.

[rad10]

Au Contraire   2,12 x 0.18 = 0.39 which is where  CHX  is heading.

[bbarberayr]

So, if you believe the deal happens, you can make an easy 15% by tomorrow.   Downside I'd guess is, say, $0.24 or 30%.

[trismigistus]

I would expect CHX shares to jump to .60 cents, or more on approval of the merger. AVX $3.30 Pace to $4.25 I agree with the down side though.

[bbarberayr]

That is a good point.  I wonder how much the price of the shares of all 3 companies has been surpressed due to the dragged out merger.  Not many long term investors would have benn interested in this until they know how it shakes out.   I don't know that we jump to $0.60 based on the announcement, but I do think that is a reasonable target of the next few months as the merger

[bigbank91]

looks like chx is ready to make a move up. but its all speculation at this point until the meetings i would think. maybe there making there decision on body language at the meeting . nobody is kicking trash cans. lol

[rad10]

I would expect CHX shares to jump to .60 cents, or more on approval of the merger. AVX $3.30 Pace to $4.25 I agree with the down side though.   you are kidding right?  The merger has been priced by the market - you are only as good as your weakest links and there are two lame dogs in this one!  Avenex is scaling down to where charger has always languished.   You lay with dogs

[trismigistus]

I diagree Rad. What you have is a failed merger from February and a bunch of negative news by Nova Bancorp priced into the market. I am of the firm opinion that word of merger approval will price the stocks based on the monthly dividend and that will be a minimum of $3 per share for Spyglass which would be .54 minimum for Charger and $3.90 for Pace.

[rad10]

I hope you are right Tris even though you have scaled things back 10%  -  I have a lot of kids to feed!  

[jjeerryy]

bbarberayr, you posted: "More likely just some arb guys playing a long/short position between PCE and AVF to capture the spread. Read more at https://www.stockhouse.com/bullboards/messagedetail.aspx?s=AVF&t=LIST&m=32377495&l=0&pd=2&r=0#Z79RKyFExetevzB6.99"   I agree completely.  I doubt we'll know any results before 1 or 2 PM ET.

[trismigistus]

Merger approval could actually see a short lived $5 pop for the Pace shares and close to it for AVF. That could mean .90 for Charger shares. Hype has a way of creating irrational price jumps.

[linus4]

Now I know for sure you are dreaming...There is no way the mkt will see $5.00 on PCE or AVX !! Also, .90 on CHX is past being wishful thinking..Maybe a big move to $2.70 would be more realistic...The black cloud or uncertainty surrounding this management group won't get a mkt premium.. 

[trismigistus]

Linus5 ??? Have you looked at the charts for Pace and Avenex. Both have seen $5 pops in the past year. I never suggested the market would see that valuation; merely that it is possible that hype could cause a short pop to those levels before retracing.

[pennydredful]

Thats   right .  No  matter  what   the  vote  expect  diddly  squat  .

[linus4]

It is also 'possible' the DOW could hit 18,0000 by  Fri.., BUT not likely...

[trismigistus]

Penny; your negativity is absurd to the level of hyperbole on the enitre subject matter involving these companies. It is beyond me how you actually own any shares in any of them. Are you shorting? Be honest.

[trismigistus]

I never said it was likely; merely possible, but possible in a way that is not beyond unreasonable.