RE:FURTHER . . . Indicator,
Something tells me that the citizenry of Syncrude will not allow a 12% upstart child to pull off what amounts to an Oedipus Rex script. After all, the other stakeholders do comprise a lot of somebodies who may feel quite strongly about a bid that (if successful) rearranges the face of the oil business in Alberta. Yes, life after a successful Suncor bid might well be totally unpalatable to the “others”. An altered composition of Syncrude in this deal could, instead of adding value, take it away, especially if the market feels the partnership has been weakened. Also interesting, the offer is for shares of Suncor and not hard cash. Shares are a form of currency but obviously more mercurial and especially so, if Syncrude is worth less after the deal. You know, the same infrastructure, but no longer the same company. That should bother the other stakeholders and I’m sure it does