RE:RE:RE:COS takeover rumours spike55 wrote: I don,t know the syncrude contract. but my guess would be that if its a company they would want a majority share and control of syncrude. Otherwise it could be a pension fund they have long term obligations and COS has Long term assets and they wouldn,t want to operate. Better returns then bonds.
Exactly. That is why I think it would be IMO since they already own 25% and with COS's share they would end up owning a WHOPPING 62% (practically two-thirds!) of Syncrude! Paying $20+/share for COS is pocket change to IMO.