RE:RE:RE:RE:RE:As 'Expected', CVE BUYS OUT 50% Interest In Toledo Refinery On the contrary I took RBC to be the only Canadian bank to have a more favourable take.
"--Upon first glance, the US$300 million cash payment for 50% of Toledo is less than we would have expected. We will look to connect with Cenovus to learn further details about the transaction." The inventory is what it is and as such the value is irrelevant in my view unless they were giving it away.
The other Canadian bank reviews tend to view this as a net positive based on the consolidation and synergies alone. The RBC was the only one that thought they may have gotten on deal on the price. They sort of deserved one to even out that last BP transaction they made IMO.
GLTA
wizthewiz wrote: With a note like this one from RBC, does RBC want to make this deal just look bad? This is a great deal for CVE ahd SHs contributing to the bottom line in significant ways.