RE:RE:Imperial takeover of MEG Poll the IMO MEG combo rumor has been around for a few months now, but Imperial has made it clear they will not over pay for oilsands production and they have lots of land and resources that they can develop on their own and now with high unemployment in Alberta getting skilled trades workers is not a problem and paying reasonable wages is not an issue as well.
so it comes down to price and I beleive that IMO has made an offer but the BOD feels it undervalues MEG.
I think the BOD want 16-18 range not 10-12 range, and so MEG will trade up and down with oil prices but there has to be a decent premium if a deal is accepted and a stock going from 6 to 10 is a nice premium, so maybe they need the SP to stay in the 6-7 range so a takeooer premium is plus 50% over the previous 30 days average price.
an offer of 12 is a 100% premium almost over today's trading price.
the other takoever offer could come from Cenovus but they would have a more difficult time swallowing the debt but ultimely could handle it if oil prices can get back over 60 by year-end.
anyway it's just speculation that's all so DYODD