Husky Energy Inc. cumulative redeemable preferred T.HSE.PR.B

Book Value Husky $14.50 vs Cenovus $11.50

[Imaxfan]

So with this deal we get 25% fewer shares and each of those shares has a 20% lower Book Value? I think I’ll vote no thanks!

[Leopold]

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[Imaxfan]

I like the idea of combining the companies but my Husky shares are worth more than .76 of a cenovus share.  Based on book value alone my Husky shares should be worth 1.2 Cenovus shares then add a 20 % premium for all the synergies Cenovus claims the new company will benefit from. So give me 1.45  Cenovus shares for each of my Husky shares and I’ll be happy.

[RagingBull3]

Now that you point this out..... YA, I agree, Husky common shares should be worth more if based on this metric as it should.    Anyways, I'm in the Preferreds, I have my own beef.   

[Leopold]

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[rad10]

This is a done deal there is binding commitment from Li Ka-shing and CK Hutchison holdings.

[Imaxfan]

Thanks rad10, I didn’t realize it was closed to counter offers etc... they had speculated that may happen on BNN this morning. Well then, hopefully the price of oil spikes when a vaccine for Covid gets  demand for oil exceeding supply in a big way. Hopefully my soon to be Cenovus Energy shares pay a good dividend and climb much higher in 2021.