RE:AcquisitionSorry guys it was just a rumour. Ensign now has a stronger balance sheet with sale to Cathedral. Additionally with strong cash flows and debt reduction is expected to bounce back to levels seen in 2017-2018.
That is why ATB raised its price target to $9
Without any dividend or shares buyback, the positive cash flows from stronger demand there is no doubt that this could reach $9 on its own by May-June this year.