RE:RE:Just one more comment 1. WCS trading at 34% discount
Complete and utter bumpf can't go unchallenged.
1. WCS trading at whatever discount doesn't matter a speck if your cost per shipped barrel is only $9Can like it is for Suncor. Your takeaway costs are all that count then.
2. Vaccine delays don't matter squat to the business world. Domestic demand is untouched. But fads do. What's the fad today? THAt's what will trip the oil price.
3. Nobody cares who is selling - there's a price for everybody. As Cenovus showed in 2016-18, if you have no storage and no long-term contacts, you have to take the price that's offered, even if it's as low as $6 a barrel. IMO, SU and RDS just put their barrels into storage while they bought all Alex was selling and resold it into the market on their pipeline space. Betcha he never gets caught like that again.
4. Heartland is a $4Bn liability, not $10B. If you can't read a balance sheet, you should stick to lottery tickets for your retirement success.
5. Royal Dutch Shell's loss was $2B in cash costs and $16B in inflated values of oii they said they would find and wanted to pump but never did. Clearly you have problems distinguishing birds in the hand from birds in the bush.
There are lots of reasons to dislike the deal, but a high-priced offer is not one of them. 5 years of transaction data shows the bulk of holders are long-term holdings for income with modest gains a bonus. The reason for them to be out came a year ago when the divvy got cut - and indeed 60 million fled. The remaining 300M are still in there. I wonder why? It might take a lot more work to pry a majority of those shares loose than anyone thinks. Either way BIPC can't lose so it's no skin off their nose what happens.
Day-trader Johnnies like you living in Mom's basement aren't people to be offering advice on where a stock is going. Maybe go rip open another pack of Jelly-Bellies and zone out in front of Teletubbies....