Post by
Schussing56 on Jan 26, 2023 7:52am
ESI Acquisition News
Todd Hirsch is ATB's Chief Economist. He was recently appointed by the Alberta NDP to set economic policy for the province. Particularly, to advise on how to spend/invest massive windfall oil profits. Certainly, with Ensign being a Calgary, Alberta based company, Hirsch could have insider knowledge about any possible mergers/acquisitions but, I tend to agree with DeanEdmonton. Hirsch would have to be very careful about releasing that type of rumour and, generally, reputable banks and financial firms don't set their economic policies based on rumours. They tend to set them based on concrete economic data and information. If Todd Hirsch is giving out that kind of information, he could end up in court, similiar to Elon Musk!
Comment by
Insider on Jan 26, 2023 8:38am
Who said it was Todd who shared this information? The chief economist has direct reports in his team who assist with the analysis :) Additionally if what you are saying is true and ATB did raised the price target based on some concrete data then why not share the data supporting the increase to $9 with public? What is the big secret in this underlying economic data?
Comment by
malx1 on Jan 26, 2023 12:16pm
You sound like a 35yr old ESL student who just opened a wealthsimple account.