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Provident Energy Ltd. Message Board

  • lady_kate_4_fun lady_kate_4_fun Jan 19, 2012 1:20 PM Flag


    I own a couple thousand shares of PVX is this the time to sell or not? If i recieve 0.425 of pipeline shares for each PVX share, what will happen to my PVX shares, sounds like i would lose money....any help???

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    • What happens is Pembina Pipeline takes your PVX shares (2000) of them and gives you .425 shares times 2000 = 850 of Pembina shares. The current price of Pembina is $27.15 times 850 = $23,077.50.
      So the question is did your PVX shares have a cost basis more or less than $23,077.50?? Also, future Pembina dividend on your shares $1377.00 yearly subject to Canadian curency and taxes. Hope this helps.

    • Depends on when you bought.
      If you bought between 2009 and last Friday, you should be way ahead. If you bought before the 08 drop, you may be OK if you add up your dividends. Either way, between Friday and today, you are up 20%, so unless you bought on Tuesday, you should be ahead.
      I think that this will drift until the finalization of the buy-out, and then price may go up if the promises are kept (NYSE, maintain dividends, Pembina's price holds, etc.). If any of these are not achieved, the price will probably drop very quickly.
      Just my humble opinion.

    • You won't be losing money as seen by the present stock price AND your dividend income will go up.

      People with so little knowledge belong in U.S. Savings Bonds.


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