Post by
didan13 on Apr 02, 2013 11:31pm
new share price Apr.4 for SGL
I am a rookie. would somebody explain what the starting price on April 4 will be for new entity SGL from merger of CHX, PCE & AVF or hwo they arrive at a price. Why does website for SGL state starting dividend will be .0030 and news release state .0225, Any help greatly appreciated. Great blog.
Comment by
trismigistus on Apr 03, 2013 5:28am
Pace Oil And Gas (TSE: PCE)‘s stock had its “sector perform” rating restated by equities researchers at CIBC in a report issued on Tuesday, StockRatingsNetwork reports. They currently have a $4.00 target price on the stock. https://utahpeoplespost.com/2013/04/pace-oil-and-gass-sector-perform-rating-reaffirmed-at-cibc-pce/
Comment by
Joe454 on Apr 03, 2013 10:37am
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Comment by
skygarden on Apr 03, 2013 11:32am
Joe, I think the second part of your comment sums it up best--when SGL starts trading on the market that is when we will find out. There have been a few posts stating that Avenex shares were now worth $3.50 to $4 after the merger (time will tell) and some confusion on whether the SGL shareprice is following AVF or PCE.
Comment by
jjeerryy on Apr 03, 2013 2:33pm
My guesstimate is SGL will start between AVF and PCE near $2.75 and MOVE UP!
Comment by
bigbank91 on Apr 03, 2013 3:16pm
Its also a great sign that buyers have not waited for chx shares (.40 halted). to come available for sale, which they will be on thursday. as big holders will want as much shares as they can get at these levels. they are willing to buy avf, pce up and give chx sellers a break as now they will be worth more then if they sold around .40(2.22).