TSX:HSE.PR.B - Post by User
Comment by
Number13on Oct 27, 2020 10:50am
70 Views
Post# 31787985
RE:RE:Preferred Shares
RE:RE:Preferred Shares I think what James is saying is that Husky would still exist. It's assets would still be held in Husky. Thus when CVE refines oil in a Husky refinery, there would have to be a contract between CVE and HSE. Husky would not be wound up.
its a possibility to do this, but I don't think this is the intention of CVE. They want all the assets under CVE, not a disjointed company.
the problem with asking for $25 is that it might be too rich to work given how many pref shares are outstanding. If $25 was CVE's only option, they'd probably just rather walk way from the deal, or alternative just have the accounting pain in the a$$ with the paperwork and filings to keep HSE a separate entity. However, for something like 50% above the pref market price on Oct 23rd (as opposed to $25) that might be worth it for them to have the ability to wind up HSE into CVE. I'm holding out for a way better deal.