Looks like someone in the Middle East wants to control Canadian Oil too!!!
I'm not sure what the right move is here, so I'm playing it safe. Today's move in PWI puts 2+ years worth of dividends in the bag right now.
If the deal fails regulatory approval new buying opportunities may present in the face of deal-defeat, followed by a run up as people realize that Abu Dhabi National Energy wanted this one for a steal @ 26.75!!!
No, I didn't Eat Em...but I did Sell All Out on PWI...
Congrats to those of you who got in on this one... :-)
Continuing to hold other Canadian positions as well as the other JimAbraKaBoomins - AAPL, FCEL, FRO, ACH, BOOM etc