Husky Energy Inc. cumulative redeemable preferred T.HSE.PR.B

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:The Market is speaking

[autofocus111]

HSE has not just excess refining capacity but also spare pipeline capacity. They stated at the last earnings call that for exaclty this reason they are able to benefit from a wide WCS-WTI differential. It's possible they are even buying part of MEG's output that has no contracted pipeline capacity. By acquiring MEG now, they can effectively and permanently 'lock-in' the advantage of this wide differential. I agree with other posters that the chance of another bidder emerging is slim, and MEG shareholders face a real risk that the stock drops substantially if the offer is rejected. Great move by HSE, and I hope with a small increase in premium they can get the MEG BOD onboard It's really a win-win for all concerned.