Since PWI is being bought up dirt cheap for about 30%+ to its pre-acquistion price, IMHO, other decent Canroys, notably, PGH and HTE and others should be in for a quick boost up in share price about 20%+ maybe more. For PGH that means approx. $20+ per share or better. The dividends are nice, however, don't miss the real value of the assets for potential capital gains . The PWI buyers didn't and I suspect they know something about the oil and gas business.
I wonder what happens to oil production. I can't see any non-OPEC country allowing their production to fall under OPEC regulations. I assume that part of the deal is that PWI will not be allowed to cut production. -RD
Correct...offer may even be upped if shareholders balk. IMHO, I don't currently see a problem with the regulators other than some making some public noise over a concern about Canada's assets being bought up by outsiders. My point was only that investors should recognize the value of the Canroys hard assets ( oil and gas ) and not just focus on the dividends ( although those are very attractive ).