1/14/11: Advice Change for an Aggressive Holding
Penn Virginia GP Holdings LP (NYSE: PVG), formerly a buy at 25, is now a hold.
We’ve done well with this one, as coal prices have strengthened and the takeover by limited partner Penn-Virginia Resource Partners LP (NYSE: PVR) nears. We’re now in a hold mode until the merger is completed, which should be late next month following the scheduled Feb. 16 unitholder vote.
Penn Virginia GP Holdings LP is a hold.
We’ve done well with this one, as coal prices have strengthened and the takeover by limited partner Penn-Virginia Resource Partners LP (NYSE: PVR) nears. We’re now in a hold mode until the merger is completed, which should be late next month following the scheduled Feb. 16 unitholder vote.
Penn Virginia GP Holdings LP is a hold.
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