RE:S&P/TSX 60Yes, 51.72$ would be our number IF wanting to get the "pipestone 3.50$" (or 36.05$ if going with the present share price of 2.45$ - not relevant... I know, just for sake of comparing; yes, that would really suck).
With that said I wouldn't be incredibly surprised if going in at 50+ on the first days. Sounds insane because we are used to Pipe's numbers, but don't forget we will be shifting into an incredibly larger company so...
It all remains to be seen, but just look at what the other top 4 are trading at (Suncor, Canadian Natural Resources, Imperial Oil, Cenovus). It's not an apple to apple comparison (can't be) but still...
And Waterhouse Energy Fund (WEF) which owns 99.7% of current Strathcona has already confirmed they willl stay in as longterm shareholders. So when this goes public watch for institutions wanting in to add and diversify amongst their holdings of he top 5 energy players.
Still cautious, not sold entirely, but enough to hold on, for now.