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Bullboard - Stock Discussion Forum Equal Energy Ltd EQU

NYSE:EQU - Post Discussion

Equal Energy Ltd > Restructuring
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Post by thingandconcept on Nov 09, 2012 9:12am

Restructuring

Nawar-

 

Do you have an estimate for how much the royalties should be sold for?

Would the company need to schedule an EGM or get a CRA tax ruling on the restructuring?

Thanks for all your work. I wouldn't have come across this opportunity otherwise.

Comment by Nawaralsaadi on Nov 09, 2012 9:49am
T&C, The royalties are cash flowing around $2m per year, the chairman has indicated that they have good interest in them, I am budgeting $6m price tag for them but they could go for as much as $10m. I am sure about the CRA tax ruling, but I believe the company will need to hold a shareholder meeting to vote the transformation into a Trust or an MLP, assuming we get their restructuring proposal ...more  
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