Hammerhead Energy Inc T.HHRS

take-over by CPG @ $21 cash/shares

[downwithdotcom1]

WOW!!!! getting taken out by CPG @ $21 cash/shares...looks like its a done deal see below ....dwdc

"Hammerhead shareholders, including certain directors and all of the officers, holding an aggregate of approximately 82 percent of Hammerhead shares outstanding, have entered into voting support agreements with Crescent Point to vote in favour of the Transaction and against any alternative or competing transaction"

"The Transaction will create the seventh-largest E&P in Canada with production weighted 65% to oil and liquids. Pro-forma Crescent Point production is expected to total over 200,000 boe/d in 2024, with significant drilling inventory in place to deliver additional long-term organic growth. Crescent Point will immediately become the largest owner of land in the volatile oil fairway in the Alberta Montney"

"Adds approximately 800 net Montney drilling locations and increases estimated total corporate premium inventory to over 20 years"

"Plan to increase base dividend by 15 percent to $0.46 per share on an annual basis, subject to closing of the Transaction"

[Seppelt]

Goodbye HHRS. Shares have been strong recently and I was taking profits selling all my remaining shares last Friday. Was hoping to buy back on weakness but now goodbye forever.