RE:RE:RE:Broker Upgrades - EventuallyThunderLips1 wrote: Have u been following any of the other M and A in the oil industry. Not much premium being paid so maybe they get bought for 25 cents.
Agree , not much of a premium being paid.Few questions though
1) Would the smart Norwegians Equinor sell their 20% stake for pennies on the dollar ,I understand they took it at 2$
So I guess it will most likely be a merger rather than a buyout with stock offered for stock.
Who knows one of the big boys might take a bite ,Debt is cheap for them and they could refinance the debt at lesser rates
Suncor maybe , CVE who knows .
Dont think anyone will sell below the previous yearly high though.
Look at Brookfield , They offered 21.5 and the stock price is now above the offered price