RE:RE:RE:If the deal gets pulledTotally agree Tim.
Such a interesting story if an oil and gas nerd.
Look at trading today....
| House Positions for C:BNE from 20210310 to 20210310 |
| 22 Fidelity | 15,000 | 56,946 | 3.796 | 0 | | 15,000 | -56,946 |
| 9 BMO Nesbitt | 12,850 | 47,652 | 3.708 | 1,000 | 3,765 | 3.765 | 11,850 | -43,887 |
| 79 CIBC | 25,300 | 95,881 | 3.79 | 13,758 | 51,377 | 3.734 | 11,542 | -44,504 |
| 89 Raymond James | 3,000 | 11,214 | 3.738 | 0 | | 3,000 | -11,214 |
| 14 ITG | 200 | 748 | 3.74 | 0 | | 200 | -748 |
| 39 Merrill Lynch | 50 | 188 | 3.76 | 0 | | 50 | -188 |
| 57 Interactive | 49 | 191 | 3.898 | 100 | 369 | 3.69 | -51 | 178 |
| 212 Virtu | 92 | 341 | 3.707 | 175 | 653 | 3.731 | -83 | 312 |
| 36 Latimer | 76 | 273 | 3.592 | 199 | 766 | 3.849 | -123 | 493 |
| 124 Questrade | 550 | 2,033 | 3.696 | 1,000 | 3,870 | 3.87 | -450 | 1,837 |
| 85 Scotia | 2,500 | 9,740 | 3.896 | 3,100 | 11,571 | 3.733 | -600 | 1,831 |
| 5 Penson | 65 | 246 | 3.785 | 1,465 | 5,655 | 3.86 | -1,400 | 5,409 |
| 7 TD Sec | 6,251 | 23,264 | 3.722 | 8,425 | 31,482 | 3.737 | -2,174 | 8,218 |
| 88 Credential | 500 | 1,820 | 3.64 | 3,100 | 11,359 | 3.664 | -2,600 | 9,539 |
| 80 National Bank | 5,015 | 18,657 | 3.72 | 12,418 | 45,760 | 3.685 | -7,403 | 27,103 |
| 1 Anonymous | 15,701 | 58,492 | 3.725 | 26,701 | 101,120 | 3.787 | -11,000 | 42,628 |
| 2 RBC | 9,409 | 34,940 | 3.713 | 25,167 | 94,878 | 3.77 | -15,758 | 59,93 |
Fidelty is likely going to say yes....not retail.
I person should have sniffed this out in summer what OBE was up too.
Look at how short position started to disappear for OBE before they announced in August 31 the BNE bid.
| T : OBE | 2020-08-15 | 1,505,191 | -74,001 | 73,502,872 | 2.05 |
| T : OBE | 2020-07-31 | 1,579,192 | -1,079,372 | 73,022,321 | 2.16 |
| T : OBE | 2020-07-15 | 2,658,564 | -785,377 | 73,022,321 | 3.64 |
| T : OBE | 2020-06-30 | 3,443,941 | -671,772 | 73,022,321 | 4.72 |
| T : OBE | 2020-06-15 | 4,115,713 | 44,283 | 73,022,321 | 5.64 |
Obe must have a deep pocketing entity or person...lurking is my guess.
Let's face it...more cash is neede on balacesheet for both BNE and OBE....
Is what it is....
Tim14235 wrote: my point here was "if" obe pulls the deal.
I would BNE to drop 20%
I think the market is pricing in the merger as a "go" to BNE's benefit