also voted today Voted against the takeover. In this environment it is better to have low debt and a focused program as WFE has. Also once gas comes back, the Kaybob asset will be a good investment.
I think it is a dirty move by Sprott to do try to make this deal happen with the various loopholes that they are playing to sacrifice WFE shareholders to bail out their stake in Guide. Unfortunately Sprott owns lots of WFE shares, and by calling it a takeover of Guide by WFE (and then firing the WFE guys and replacing with Guide management) they reduce the carry requirements from 66% to 50%. Really it's stuff like this that gives the oilpatch a dirty rep and with a heavy hitter like John Brussa on Guide's board, I guess they can play the margins of legality with little risk.