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

RE:RE:RE:With the merger, is it 1 Cenovus share for 1 Husky share?

[Husky4000]

You are corrrect that HSE should trade at a premium to take into consideration the warrants. The warrants are "in the money" for 0.49$. But dont forget that each shares gives you only 0.0651. But... the warrants are worth in my opinion more like 4-5$ if they were trading. Look at the long term options price. This is a 5 years call options basically. So 0.06515$= 0.32 cents .