Some time ago, I wrote
Posibility for speculative arbitrage with Penn West

Here you are updated calculation:

RXR.V = 1.63 CAD x 8 = 13.04 CAD
PWT-UN.TO = 13.39 CAD + div = 13.01 CAD
Difference: ~ 0.23%

This means that at the moment the speculation is not very good. I believe is because Penn West cut the dividend, and also the possibility of the buy deal is much greater than month ago.

Anyway, will I’m keep watching it 🙂