TSX:HSE.PR.B - Post by User
Comment by
rad10on Oct 25, 2020 12:21pm
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Post# 31778315
RE:RE:RE:RE:Shouldn't Preferreds be Redeemed for $25????
RE:RE:RE:RE:Shouldn't Preferreds be Redeemed for $25????Raging I bought a whole whack of these when the bottom fell out of the market. I was hoping for the company to be taken private - best case scenario for pref holders to get redeemed at par. Realistically though buying a note or pref with a 15% yield at the time carried a huge default risk. This is a GREAT outcome. It's a much bigger company and the synergy / efficiencies are probably genuine. Also the CVE CEO Pourbaix is one of the better ones. He inherited a dumpster fire and has improved the balance sheet considerably.