OTCPK:ICPVF - Post by User
Comment by
Rakaposhion Feb 24, 2021 7:13pm
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Post# 32654148
RE:RE:Something to ponder
RE:RE:Something to ponderI too think this is not retail buying. The market is turning around. Oil is rocketing and industry in general is picking up. Some takeovers, or attempts, are going to fail in view of the market recovering. Brookfield is a bit too late on this and will give up at some point. The same happened to an attemtped take over at SRV.UN by their major shareholder. Slightly different story, but basically the same idea, buy cheap assets from a seemingly distressed party. Since that deal was cancelled, the shares have rocketed. Someone is betting the same will happen here.