TSX:HSE.PR.B - Post by User
Comment by
firstworldon Oct 29, 2020 3:12am
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Post# 31801550
RE:RE:RE:Preferreds are basically like Debt. Husky just got $1.2B at
RE:RE:RE:Preferreds are basically like Debt. Husky just got $1.2B atHe knows it will take 3 years min to stabilize merger and he can bleed off the shares or simply borrow against them.....in the end it's a low maint investment so no distractions by a backwater Candian company can focus on Asia and first world in general....Canada is simply tier 4 market for them now. When he came in 1980s Canada was tier 1 on the surface and tier 2 in practice....no one wants tier 3 or 4 unless margins are huge. A perfect exit IMO and an exceptionally run company it will work out well.
mrbb wrote: FYI, LKS now owns lots of CVS shares through this so called merger,
I doubt LKS want to see CVS share to drop
firstworld wrote: Cenovus got suckered LOL rednecks think they can out play LKS team who are educated at the world's finest schools to PhD levels with 4 languages and decades of tier 1 Corp experience. Feds / taxpayers will pay for this ....welcome to the nationalization of AB energy just like the good old days. So happy I bought BABA at USD 220 after dumping my last CDN play at HSE purely on political risk alone plus the continued arrogance and entitlement of AB workers and energy companies......they all need to fail so pros can run them. Maybe LKS will buy Cenovus in 2 years for $1 share haha.
RagingBull3 wrote: lower rates than what they are paying the Preferreds! Just take out the Preferred with lower rate Debt!
Good to go, no more possible issues down the line. Plus, save more !!! Rates lower!!! Lower Payments.