RE:Eric NuttallThe key grievance of the activist is the sale of the retail chain. Eric is splashing quite a bit more paint on it.
It does give some helpful spotlight to the industry overall, so all good there, and there is discussion about returns to shareholders versus expansion.
At 100 plus oil, you know they are all thinking about it, its just a matter of time.
GrandBend wrote: What's the real takeaway from today's news of activism in the CDN energy patch? It legitimizes our view that the entire sector is profoundly mispriced, and that the ability to buy decades worth of free cashflow for literally nothing is unlikely to last.
Eric Nuttall