RE:Suncor dealTheRock79 wrote: Suncor paid 43% above share value for Canadian oil sand. I hope RMP doesn't get bought out at these levels. If RMP is sold at 2$ a share I'm screwed. I know the financials of Canadian oil sands are not the same with all that debt but still.
The Suncor offer is pushing the sector up (that and the shorts covering) but I do not think you can compare it to a deal for RMP. RMP has a much cleaner balance sheet than COS did.
I just don't see the same type of deal being offered to RMP, and I certainly don't think management is interested in selling. Not until/unless we see above $5. It's in their track record.