Kicking Horse Energy Inc. V.CEX

done deal

[Toolmanrandy]

This is a done deal I'm sure they made deals with management of kicking horse, just like they did with the take over of Trioil

[righand2]

An offer from VII could still happen, regardless of what KCK and the buyer have agreed to. Any superior offer would have to be given to the shareholders to decide upon.

[Lunchisforwimps]

If this was a better market I might agree. However, this is a very strong bid and pays a premium to the market for upside. My assessment is zero chance of another bid. I am more afraid of an unlikely black swan event killing the bid outright than missing out on an unlikely higher bid. KCK could go back to $2.50. Am good at $4.70 in the market than waiting for this to close. The bird is in my hand

[righand2]

The "premium" they paid was only against the share price, not the actual value of the assets. And there is a ZERO chance the buyer will back away, as they are a huge company and this is a small acquisition for them. So there is no risk in holding for a while to see if VII or POU might just take a shot. ZERO risk.

[Lunchisforwimps]

I agree the risk is very very small they walk away. Perhaps less than 1 percent but not zero. It would take a black swan global event to crash oil.  I don't see a takeover by 7gen at this price. KCK and 7 gen mgmt are less than cozy. Regarding the zero assessment with 7gen, I could explain further but we don't run in the same circles. The good news is you have a 99 percent chance of

[righand2]

Please do explain further. They did a land deal not that long ago, so they are obviously talking to each other.

[TripleR44]

Congrats Lunch, no other bidders as you surmised. Righand 2 was optimistic but underestimated the current environment. Regardless, you can do allot of damage with the cash from this deal. No rush though, for weather, supply, sentiment reasons etc. I recommend KEL but it still might be early due to the glut. Tuff sector right now. We need production declines in US and some OPEC policy stance