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Pengrowth Energy Corporation Message Board

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  • borderlaw borderlaw Sep 24, 2007 1:50 PM Flag

    PWI Buyout gives an indication of

    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.

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    • brnguyen Sep 24, 2007 1:52 PM Flag

      Please be advised that the acquisition is subject to the approval of regulators and two-thirds of PrimeWest shareholders.

      • 3 Replies to brnguyen
      • It will definitely be interesting to watch the Regulators' and Government response to this as the opposition party warned of foreign and private equity takeovers if the tax legislation went forward.

        JMHO, but I think PWI is just a test case for all interested acquirers to closely watch.

      • 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 ).

1.56+0.01(+0.65%)Sep 29 4:02 PMEDT