RE:JokeSonofmshade wrote: COS will not benefit from the oil increase becasue we are now tied to SU share price. If they had not sold us out the stock would be up 2-3 bucks over the last few days. Great job you f*cking a**holes.
If SU's offer expired, COS share price would have almost certainly dropped to under $6 per share, and there's no way it would have gone up 30% to 50% given that oil is still priced in the mid-30s and COS needs and average of $50 oil in 2016 just to cover their expenses, capex, and dividends....take a look at the one-year charts of fellow oil sands player MEG to get an idea of what COS's share price would likely look like.......I think COS shareholders were very lucky that 1) SU offered 0.25 then 0.28 SU per share 2) Large COS shareholders wisely accepted 0.28 SU given the current oil glut that doesn't look like it will subside anytime soon....