CNQ will not be taking over CJIt seems a number of folks on this board are delusional ... I am a contrarian and I have done fairly well. Thank you.
However, Murray taking the PP means that CNQ will not be buying CJ. Simply, Murray would have CNQ buy CJ and obviously this did not happen and we should assume, in the absence of contrary, that CNQ took a pass.
It is good that Murray got a real steel here and I just tried and was turned away by CJ, i.e. fully subscribed.
In this business, you have to take the money when it is available HOWEVER THE 3 year WARRANTS AS A SWEETNER WAS RIDICULOUS...