RE:RE:RE:RE:RE:RE:The Market is speaking@Scottie99 Since you don't know who MEG's largest shareholder is, let me enlighten you. So now that you know, what do you think CNOOC is thinking about the offer? I am going to go out on a limb and say they'll be more than happy to take an offer that is even marginally higher than the initial one.
https://business.financialpost.com/commodities/energy/huskys-takeover-offer-for-meg-could-trigger-bidding-war-analysts
Husky enjoys a long relationship with MEG’s largest shareholder, China’s state-owned oil giant CNOOC Ltd., which owns 36 million MEG shares, or a 12 per cent stake in the company.
The two companies jointly developed China’s first deepwater offshore natural gas field called the Liwan project, 300 kilometres southeast of Hong Kong.
CNOOC is a good partner and “a company we have done business with and had very successful outcomes with in the past,” Peabody said, adding that CNOOC was “a company I hope will find this offer just as compelling as I believe all shareholders will find it.”
CNOOC did not respond to a request for comment on Monday.