Post by
regardless on Feb 13, 2021 3:57pm
MakeNo mistake
This was no merger this was a straight buyout and we got sold out
15-30% more of an offer is still low but that's why I think it's comming soon ... prices are rising steadily here in the sector..... 15-30% more is atill
undervaluing vii shareholders but better than we got offered from
arx
Comment by
regardless on Feb 13, 2021 4:08pm
Wrong robertlaw I disagree here cpp is in at an avg of 14$ a share ....a 30% premium puts this at close to 12$ wich is a lot closer and better shot of them not only getting back their buy in but actually making money on it for the long wait... they'd still take that in a heartbeat... it wasn't cpp alone that sold us all out it goes deeper than that
Comment by
Robertboblaw on Feb 13, 2021 4:17pm
I highly doubt the Canada pension board is looking to lose $2 or $3 a share on their $15 investment in company over 5 or 6 years. They did this bc it gives them the best shot at a reasonable ROI of 20 or 30%. Not a loss of 20 or 30%.
Comment by
regardless on Feb 13, 2021 4:19pm
That makes zero sense Robert law of vii got 30% more on an offer with a share swap that merged them with cnrl cpp would make their money back in this first year and probably another 30% on that if oul and gas keep rising or stay at this level so no... I do not agree with you here at all
Comment by
Robertboblaw on Feb 13, 2021 4:25pm
Cnrl and arc are 2 very different companies regardless. If a share for share offer from cnrl (of 1:1) is forthcoming, then that's different. Cnrl probably has more upside potential than arc. Arc is gas weighted , cnrl is not.
Comment by
regardless on Feb 13, 2021 4:26pm
Robertlaw cnrl could use the condy production though and the gas that vii produces allready has deals for it south of the border ... wouldn't be 1-1 share swap obviously but be closer to day .60-1
Comment by
Robertboblaw on Feb 13, 2021 4:30pm
Yes I know. It's a known thing oil sands producers need Condy through the nose to line pipelines with. Still cnrl seems like a long shot..to me at least. I've been wrong before lol.
Comment by
therealDonald on Feb 13, 2021 4:18pm
CPP is likely the driver here, Out of Tog, rumoured out of velvet, now Vii. These aren't "big coincidences".
Comment by
regardless on Feb 13, 2021 4:23pm
So they get out of oil and gas at the bigining of a supercycle? makes as much sense as dog sht
Comment by
therealDonald on Feb 13, 2021 4:30pm
bill c231 might have something to do with it. https://financialpost.com/diane-francis/diane-francis-re-politicizing-cpp-would-be-a-disaster