TSX:HSE.PR.B - Post by User
Comment by
mrbbon Nov 13, 2017 6:45pm
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Post# 26955345
RE:RE:RE:RE:I think mgmt is planning something big
RE:RE:RE:RE:I think mgmt is planning something big
autofocus111 wrote: I agree HSE has lots of projects they could spend the money on. The main advantage of buying this asset is it's already producing so they'd get an immediate new source of cash flow at a time when oil prices appear to be in a rising trend. I read somwhere that this is a light oil play, while HSE does only heavy oil out west... not sure if that would be of any benefit to their refning oeprations.
weyburn asset went to Whitecap
Cenovus Energy Inc. has entered into an agreement to sell its majority interest in the Weyburn carbon-dioxide enhanced oil recovery operation in Saskatchewan for cash proceeds of $940 million.
In a separate release, Whitecap Resources Inc. announced it was the buyer.
whitecap just issued new debt financing
Whitecap Resources Inc. Subscription Receipts
Short Description: Treasury Offering of Subscription Receipts via Bought Deal
Price: $8.80 CDN
Settlement: On or about December 4 2017.