RE:RE:Top 5 Hammerhead Execs to get $70MACTUALLY... HHRS has not even been trading for 1 year yet.. the IPO ranged from ~$19 - $29.50 the first day of trading and closed at the low (give or take a few pennies) so using $19 as the market established IPO value the $21 take out price is only a ~10% premium..
Now it did trade down to ~$9 shortly after but at that point no one knew the real story behind their assets and CPG was still in the process of integrating their previous purchase and disposition of US assets.. so at that time HHRS wasn't even on the radar screen..
Hind sight is always 20/20 and we'd all be rich if we could trade based on past events.. but that's NOT reality.. :-/
Anschutz wrote: It's a club and average shareholders aren't in it.
While CPG shareholders watch their paper gain in shareprice for the year completely evaporate and any increase in dividends likely stalled until likely 2025 (due to need to pay down new debt), we learn that CPG paid a 40% premium for shares in Hammer Head that were listed publicly less than a year ago.
Wow. Simply Wow.
"Thank you sir, may I please have another."
Wuggy wrote: Whaaaaaaaa?
https://www.theglobeandmail.com/business/article-top-five-executives-at-hammerhead-energy-to-get-70-million-cash-payday/