TSX:HSE.PR.B - Post by User
Post by
RagingBull3on Nov 28, 2020 10:47am
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Post# 31994353
How does CVE own a HSE Subsidiary if Preferreds are the only
How does CVE own a HSE Subsidiary if Preferreds are the onlyShares in the Subsidiary??? I own the Preferreds, not them. And as I understand, there will be no more HSE commons. Only Husky has the right to redeem at $25. Cenovus will have to pay what ever Preferreds want.
All just my opinion.
Terms of the Preferreds are there to protect both sides, the company and the shareholders. $25/share is what is called for. Nothing more, nothing less. No calulations, guessing, or determination of what is "fair value". The value is stated.
IMHO, once the transactions goes through and Husky commons are paid Cenovus Shares... There's no maximum limit of $25/share no more. The sky is the limit.
It would be wise for the company to excercise thier Right under the Terms of the Preferreds and redeem for $25..
All just my opinion.