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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Madharry who wrote (25212)11/3/2006 3:22:07 AM
From: pcyhuang  Read Replies (1) | Respond to of 78704
 
To: MadHarry/Speculitius:

Energy Trusts Relative Valuation

             mkt price                  book Value


PWE          29.83                      19.99


CNE          13.96                      14.24


If you were the acquirer, which one would you prefer? I think the choice should be obvious.

pcyhuang



To: Madharry who wrote (25212)11/3/2006 9:22:20 AM
From: Spekulatius  Respond to of 78704
 
Goldman who is cited in this article has a stake in this. They made money creating this trusts and now they would not mind making money to dissolve them. he is also wrong that a foreign company taking over Candadian assets would not have to pay taxes in Canada. With such an obvious bias in the outcome, i would take his comment with a grain of salt.