Filled with conflicts of interest
"In connection with the Legacy arrangement, Crescent Point has entered into an agreement, on a bought-deal basis, with a syndicate of underwriters co-led by BMO Capital Markets and Scotiabank", "BMO Capital Markets acted as financial adviser to Crescent Point...", BMO is the lead banker on Legacy credit facility. "On December 29, 2014, Legacy executed a guarantee (the “Guarantee”) in favour of the Bank of Nova Scotia (the “Bank”) pursuant to which it has guaranteed, to a limit of $5.6 million, the repayment of indebtedness owed by Trent Yanko...", How can a company negotiate properly a deal with this in the balance? "Increased average production to 24,619 Boe per day in the first quarter of 2015..." or vs 22,000 Boed per day as quoted in the acquisition offer or to make the offer look better than it is. "This exchange ratio represents a premium of 36 per cent to Legacy's weighted-average trading price in the 10 days prior to the April 17, 2015, announcement of FrontFour Capital Group LLC seeking to nominate three new directors to the Legacy board of directors.", I never heard anything like it. The correlation between LEG shares and the U.S. oil price or USO is very high. Has much more to do with the movement in oil than FrontFour making noise.