RE:analyst fuelled takeover targetsWow, good share and its the first time I have ever seen ARX discussed publically as a takeover target. Canoe is very well connected, so this is a topic I would take seriously.
For me, I have been holding (and adding to) my position since just after the downturn previous to Covid. I first bought relatively high in 2017 and averaged down through the pandemic lows.
I have always been really comfortable holding this name, even when it was significantly undervalued. I am not sure I would have the same loyalty to a takeover company, especially if it was U.S. based.
So, if I were to sell during a takeover, I would put my desired price in the $30 range. If it was taken over by a strong Canadian suitor (thinking CNQ), I could see myself retaining a good portion of my original position through the new company for the long term.
Sorry for the long response. This is a really interesting topic and I would be interested to know what other posters think. Cheers and GLTA ARX bulls.