MohelJFox wrote:

 

divime1 wrote: Regardless who CNQ buys it will be good news for Cardinal  . It will mean one less junior for investors to choose from and bring seculation on who will be next for a major to take out . Personally I hope it isn't Cardinal at this time .

 

 


I get your thinking, but there has to be a price ?
What would make you happy, 15$ or double what you have now invested in Cardinal ?

I could easily pick another company that's been lagging and happily carry on as long as we don't get painted ponied here.


 

Personally I would hope for a takeout price above $24 cash offer. (I've been wondering what a takeout offer would look like given to us too)

If when we go debt free they could almost triple the dividend/payouts to shareholders, just to keep a similar yield profile the stock price will have to triple also...

We haven't even added a take out premium on top because as of a debt free company we should get a premium because we have very few strings attached...

I'm sure someone here could easily create a fun take out model based on forward looking financials after they come out end of this week...