Some Stuff Starting to leak out?It's curious that some people are starting to report some interesting "developments" inside Nuvista HQ. I do not know if these rumours of employees being "relocated" or a "fire sale" for the furniture are true.....but it's VERY interesting nonetheless. IF true, for which we don't know anything yet, i'm not surprised it has begun to leak out as it was only a matter of time. Alberta being what it is, especially in those cities, are very "small town like" compared to big American cities and are a very tight knit group where news like this gets around quickly.
As interesting as this might be, i don't know if this THING has any legs to it and if it does it may come as a big let down for some folks. As i've mentioned in previous posts, the trading IS NOT indictive of something that is there (YET!) OR beneficial for holders. Which of these two scenarios it is, i do not know. But assuming there is something substantive to these rumours AND it's the latter, then my friends i'm afraid this will go as Tainted Pony has gone. CHEAP. I agree with some of the comments made here that this will not be a merger of equals, as the history of Paramount tell us as much. So if a partial asset sale isn't in the books and Nuvista mgmt have decided sell out, then it will be an outright buyout by Paramount at very cheap valuations.
What do i expect if this is the case? As indicated in a previous post, chances are 70% that this will be in between 0.70 & $1. My predictions being a all share ~$900M takeover at the best. Which would mean ANYONE who's been a longtime holder with a cost average of more than $1 would be at a loss. The big winners here are the new shareholders coming in on the short term side AND of course Paramount both the company & its s/h on the long game when energy prices eventually recover.
Seems like a DEJA VUE here.....but quite can get where i've seen this before 8).
Good luck to all