RE:RE:RE:RE:RE:RE:RE:This could be one of the reasons for an increase in priceAll of the below is not to be confused with 'any thoughts of leaving team Crew'.. it's simply a scenario and one I'm okay with. I think we've all done very well, and I believe (as Robert41 has stated) that we will continue to do even better.
For me, it's now a tax problem. I hold the bulk of my Crew shares in a taxable account, so I need to be aligned with Dale for the proper exit.. which would mean an all stock acquisition.. any CNQ type deals like with SRX at $6.22 per share is great, but it also means that 25% of the profits would be going into Justin Trudeau's federal liberal pocket.
Why would I want to take on the risk, the analysis I've done, the money I've put up, simply to reward Justin Trudeau, the enemy of the O&G Industry with a 25% paycheque on my capital gains?
I wouldn't... so Robert41, I need to think through a fair exit plan and anything north of $4 I'm okay with.. sure.. $5-6, even $12 is even better, as long as it's all stock... CNQ, TOU, ARX, WCP even... I would NOT rule out acquisition hungry (like Pac Man) WCP from taking a foray into the BC Montney and gobbling up Crew.. they pay a nice monthly dividend too.. and very sustainable business.. net zero at the corporate level.. so lots of years of runway despite ESG pressures..
~The Great Cheadle.
Cheadle12 wrote: Just saying Robert41, I'd take $4 a share, deferred tax..and roll into Tourmaline.. which I believe will be paying out around 10-12% yield in 2022. Probably set to run up also like CNRL have just done... Crew at $5-6 is around 40-50% gain in the new horse.. so roughly TOU at $60-$65 per share with dividends..
So would TOU get to $60-$65 ? At the same speed as Crew would get to $5-6? Who knows..
Happy to hold, but also happy to port my profits into a larger name to protect any downside and start collecting some dividends on my money.
~TGC.
robert41 wrote: Just giving you a hard time... my stock is in my RRSP so no incentive for me to look at Selling for less. $4 bucks is a gift for Tou no different than back about a year ago when you wanted to do this at $2 bucks. They didn't do it then haven't done it now so I'm guessing that ship sailed for now. $5 or $6 and I'm interested especially if it's Tou.