RE:CIBC take on the Obsidian offer
CIBC is being kind as I dont know what is a bigger obstacle to getting a deal done in the Cardium, OBE's high debt and ARO issues or its FrontFour CEO. Highly dilutive with zero credibity is the response I hear to the OBE term 'The Cardium Champion' by other Cardium players. They know OBE well as CEO shopped around prior to BNE take-under.