RBC's song"Secure Energy Services Inc. Livin' Ter-vita Loca" Our view: The announced merger of Secure and Tervita combines the two largest third party crude processing and waste management providers in the WCSB. In our minds, the transaction unlocks value through enhanced operating scale, FCF generation capability, and ultimately investor attention. Not to be overlooked, the deal eliminates legacy litigation overhang between the parties. We maintain our Outperform rating with an increased $8 price target.
I guess thet read my yesterday's post. Good for us :)