When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
PSCE - Public / Private Arbitrage In Oil And Gas: Buckeye Partners Goes Private
PowerShares S&P SmallCap Energy Portfolio
The gap between public and private valuations in the oil and gas industry was highlighted yet again in the recent announcement that Buckeye Partners (BPL) is being taken private for a 27.5% premium to its prior day share price and a nearly 100% premium to its low a few months earlier. It is being bought out by IFM Investors, a pension fund owned private equity fund.
Here is a 1 year chart of BPL, which reflects Buckeye specific issues as well as an overall public investing malaise in energy related securities, and then