Analyst ReactionBased on the clips, it seems everybody was right. The offering is like from CanEra looking to dump their 12.9M shares at $43.35, not a bought deal from CPG. Given that TD was CanEra was their advisor, makes sense why BMO customers like myself were not privy to the offering and the TD customers on this board were. (Also, I get alerts from Scotia on new offerings and they were not part of this either.)
Regardless, for what it is worth, analyst reaction this morning. * Crescent Point : Barclays raises target to C$48 from C$47; overweight * Crescent Point : Salman Partners raises target to C$49.50 from C$39.50; buy * Crescent Point : RBC raises target price to C$52 from C$50; outperform * Crescent Point : Haywood Research raises target price by $2 to $50; buy * Crescent Point : FirstEnergy Capital ups target to C$52 from C$49.50; outperform * Crescent Point : Dundee raises target price to C$52.50 from C$51.50; rating buy