2009-04-24

RXR.V update

Some time ago, I wrote
Posibility for speculative arbitrage with Penn West

Here you are updated calculation:
RXR.V     =  1.63 CAD x 8   = 13.04 CAD
PWT-UN.TO = 13.39 CAD + div = 13.01 CAD
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Difference: ~ 0.23%
This means that at the moment the speculation is not very good. I believe is because Penn West cut the dividend, and also the possibility of the buy deal is much greater than month ago.

Anyway, will I'm keep watching it :-)

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