Tell me I'm dreamingBeing private we don't know much about Strath, but...
- From what they produce, we know that coming in as a publicly traded company they will take the place of the 5th public largest producer in Canada (to become the 5th).
- 4 out 5 are currently at 45$ and up
- Cenovus is the 5th at 28.55$ who is extremely undervalued and who will be taken out of this list.
- Strath is larger than Cenovus.
- Institutions will want in (redeversification of top 5 energy producers, take a position, etc).
So call me a stupid dork (I'm used to it) but I'm holding.
Time will tell (don't get me wrong, I may loose in the end).
I've been in this for long enough to say that if anything my overall investing strategy (across all my equity positions) has been positive over years but you don't know me so...establish your own strategy as per your own needs and goals (critically important). This us no longer a short duration play (too bad if it's what you were in for).
GLTA