TSX:HSE.PR.B - Post by User
Post by
Number13on Oct 27, 2020 9:58am
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Post# 31787580
Preferred Shares
Preferred Shares
James Hymas has commented on the preferred shares. His opinion is that the merger cannot "fully" happen without the prefs being bought out. I.e. Husky would have to remain a subsidiary entity. I don't think holding all of HSE's assets in a subsidiary would create the value CVE is looking for. Thus... there needs to be a WAY sweeter deal for the prefs than this before I'll vote to convert my pref shares. James recommends voting against the current proposal (assuming the new CVE prefs are like-for-like)