TSX:HSE.PR.B - Post by User
Comment by
RagingBull3on Dec 09, 2019 8:52am
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Post# 30435178
RE:RE:Tightly traded float. Sitting duck for takeover bid.
RE:RE:Tightly traded float. Sitting duck for takeover bid.Given the Preferred A shares are trading just under $11, I'm guessing that would imply that no takeover is in the foreseeable future, because in such even I think all of the Preferred will need to be redeemed at $25 !!!
I could be wrong... just my opinion/thinking.
In any event, rates are heading up.
onec007 wrote: Book value is close to $20 and a 50% is definitely in your target of 14-15. I agree that HSE should be taken private similar to what happened with Canfor. LKS owns so many shares and taking it private will help them recoup lot quicker compared to staying public plus the 500 mil in dividends saving per year can greatly transform the company. The market hates O&G so it's perfect time to privatize