AVE.CN being acquired by Daseke...startegic buyer
1.42x book value being paid by Daseke. Demonstrates further consolidation in the energy svcs space. Nice to see Vermilion take out Spartan on the e+p side. Recently, the BMO energy analyst said Canadian energy companies ....."..must merge, innovate or face extinction"....ESN mgt needs to get with the program and take steps to maximize shareholder value.
Interesting to see AVE.CN get an "earnout provision". Notice how it took a vulture, in this case the pvt. equity firm Werklund Capital, in order to twst the arm for a deal.
I'd encourage all shareholders to reach out to IR and voice your concerns. Maximum pressure must be applied and hopefuly, at some point we will be fortunate enough to attract a pvt. equity buyer as well and force mgt to explore ALL strategic opportunities.