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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Haim R. Branisteanu who wrote (38211)9/16/2003 5:50:44 AM
From: TobagoJack  Read Replies (1) of 74559
 
Hello Haim, <<fundamental point of view after all it helps>> ... just as an example of how I work, as I am adding to a position ...

Message 19308027

... and now Aventura is for sale, even as I continue to collect outrageous distributions from Vermilion, its controlling shareholder, as well as benefiting from paper gains on the Vermilion capital value.

newswire.ca
Vermilion Energy Trust; Aventura Energy Inc. - Discussions with Potential Acquirer

CALGARY, Sept. 15 /CNW/ - Aventura Energy Inc. ("Aventura" or the "Corporation") (TSX:AVR) and Vermilion Energy Trust ("Vermilion") (TSX:VET.un), Aventura's parent, announced that they are in discussions with a potential acquirer of Aventura Energy Inc.

The completion of the proposed transaction is dependent upon the parties reaching agreement on all terms as well as satisfying a number of conditions precedent including obtaining government and other approvals in Trinidad.

There is no assurance that should the transaction proceed, the price to be paid for Aventura's shares will reach or exceed the current trading price.

In the event that a definitive agreement is concluded or the discussions are terminated, a further announcement will be made.


Chugs, Jay

P.S. I suspect it is nearly time to sell Aventura and Vermilion.
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