09:45:44 EDT Thu 19 Jul 2018
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Trilogy Energy Corp
Symbol C : TET
Shares Issued 105,304,190
Close 2017-08-11 C$ 5.77
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Stock Pickers says hold Trilogy Energy

2017-08-11 21:26 ET - In the News

Stock Pickers Digest, in the August, 2017, issue, says hold Trilogy Energy Corp., recently $5.14. Because Trilogy is a spinoff of Paramount Resources Ltd., we bought $1,000 worth of Trilogy shares on listing at $16.36 in April, 2005. Stock Pickers then said buy seven times from September, 2005, to December, 2011, at prices ranging from $5.41 to $36.23. Assuming a $1,000 investment for each of those buys, the $8,000 position is now worth $3,675. Trilogy has accepted a takeover offer from Paramount Resources. Under the terms of the deal, 0.267 of a Paramount share will be issued for each Trilogy share. That consideration values Trilogy's stock at $5.18, based on Paramount's current share price of $19.39. The fact that Trilogy's $5.14 stock is trading slightly below $5.18 indicates that investors are not expecting a higher bid. Stock Pickers promises to say more about Trilogy as the takeover progresses. For now, Trilogy remains a hold.

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