RE:RE:RE:As EXPECTED.....Interesting thoughts again. We will see how this plays out, but there is no doubt that M&A is buzzing in the oil patch on many fronts.
mrmomo wrote: riski wrote:
"Decoupling thesse assets from current management into MEG - a well respected team - would make a lot of sense and would likely be accretive for MEG assuming a reasonable price."
A couple of notes. "These" thoughts are nothing new on my end, i've been calling/harping for a total buyout of Athabsca for some time now. So why hasn't it materialized yet? Probably for a few valid reasons, and some of them you hit on in your comments above. Are/were they asking too much at one point? Maybe. Are they still? Who knows. As for it being accretive for MEG holders, if it's eventually MEG that's the ONE, we will not know whether is was a good deal for them until maybe two at least years down the road.....AND at what price they paid.
"They have probably talked"
This i have abolutely no doubt that MANY converations were had throught the last yesr or two by SEVERAL interested parties.
"but I suspect ATH guys are too high on their assets,"
Yep.....seems like a case of that nasty "CREW" flu syndrome....lol
"but mostly in preserving their own cushy, high paid jobs which would leave the two companies miles apart on a deal."
Probably, at one point that was probably the case & VERY true. Up until they divested their conventional assets a few months ago, which was THE turning point and showed their intents imo. MY guess is that whoever the buyer is.....isn't interested in THOSE assets they sold. And to be honest, if they werer so adamant & intent on KEEPING their current positions, they would have NOT sold those assets. It would have been Status Quo for many more years.....but with that sale, they showed their hands....
GLTA