Given the relatively cheap price of PWE. Wouldn't it be better for shareholders if PWE were to use their high cash flow to buy back their stock rather than issueing new shares at these low prices? What am I missing???
All of the CRTs are way under valued relative to the current price of oil & gas. A lot of gas is used to process oil sands. They have already proven that they are an aggressive consolidator. So I suspect that they have a host of other Canadian trusts targets that they view as cheap assets to acquire.