Question regarding secondary offering of 8 million shares
I am not familiar with secondary offerings in the natural gas industry. I am invested in several mREITs and am used to what is termed "SPOs". I guess that they are virtually the same thing, My primary question is this: With a secondary offering of 8 million shares on a stock that normally only trades about 900,000 shares a day, what is the typical time frame to complete a secondary of this size for EPD? Historically, this stock has done quite well in the month of October. Does EPD typically do a secondary at this time of year? Thank you very much in advance for any feedback.
strum_this, thanks for your feedback. I see that apparently there was a secondary last December, when trading exceeded 10 million shares on 12/8/11. It does appear to be a buying opportunity as SPOs are with mREITs. Anyways, I just picked up 500 shares at $52.88 in after hours. Thanks again.