TSX:HSE.PR.B - Post by User
Post by
oilandgasmickon Dec 16, 2018 1:33pm
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Post# 29121395
A month to go before bid closes
A month to go before bid closesWell, only a month to go and it is obvious that no second bid is coming. I can't see anyone launching a bid during the Christmas holidays since nothing gets done in corporate Canada between Dec 15th and Jan 15th.
The stock is at a 52 week low and energy investors around the World are fed up with the Canadian industry and all of its excuses for low share prices. I think that means that HSE will not sweeten the bid (or if they do, by very little) because the market is lukewarm to the deal in the first place and HSE can't afford to alienate the market any further. Investors have to see a peaceful end to this thing otherwise the late day selloffs will continue.