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

RE:RE:RE:RE:Going private highly likely

[Dogsbreakfast4U]

wheeloffortune wrote: BTW-LKS is from Hong Kong, not China.  And if he really wanted to screw the minority, he would cancel the divy to see the price collapse further, which he hasn't.

lashing wrote:

wheeloffortune wrote: Why not a significant premium?  HBC privatization offer = 48% premium.  Westjet privatization offer = 68% premium.

lashing wrote: As I mentioned weeks ago. This price plus Chinese capital. No brainer.Terrible for me as they wont pay any significant premium if any.

 

Because who we are dealing with. Victor learned from his dad. They are not here to make us rich. They are here to take Canadian assets for cheap on out backs. It would have to be a thrid party for any premium to come into effect. 

The Board cancelled the dividend in 2015 and the stock never recovered from that strange blow. It's hard to imagine how management could have done a worse job in the last three years to insure the market stayed away, so LKS does not need to do anything more to $crew minority shareholders. To quote Geoge Bush "its mission accomplished". The stock was trading at $23 recently (before the MEG debacle) and has a $19.50 book value. Any offer below BV would surely be rejected by larger majority shareholders. I know I would.

The last conference call was the most low key I have heard in years. Peobody sounded depressed. It smelled funny. Note that most of the free cash flow is in two to three years. I think an offer will be made sooner than later.