Prior to GFC, Envestra traded at 1.28 and was paying 9.5cents per share. History repeats??
Dividends have been retracing and share price is also retracing - some may be indicating that ENV is worth more than 0.1919, possibly 0.2 or better.
Either way APA or ENV will pay their distributions but for the APA merger, ENV will get additional distribution rights.
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