Since end 2008 I have been suggesting many MLPs, BDCs and REITs for people to consider. One was PVR. Earlier this year Deej wrote a blog wherein I again suggested PVR.
At the time it was trading low 20s. It did run up to 29 then fell to slightly under 23 after a secondary announcement. Today it is trading over 26 based on a buyout offer from Regency Energy Partners. The offer is 1.02 shares of RGP plus about 50 cents cash per 1 share of PVR. They claim it to be $28.68 per share but RGP is currently trading at 26.
I really don't know much about RGP so I can't really comment if the swap is good or not. I actually don't like it since I think PVR had a bright future. Also it will be a distribution cut 2.20 from PVR to 1.86 RGP.
I will probably take the money and run and re-invest it between 2 other MLPs I own, WPZ and BBEP.
So for those who bought from my suggestion cheers to a quick profit.