Post by
Tor2018 on Oct 25, 2020 11:27pm
Tomorrow...
At open tomorrow HSE should go $4.14 CAD or over on merger news.considering CVE’s Enterprise value will increase and overall operating cost will decrease due to the merger of this Canadian 3rd largest energy giant under single management( i.e. 400 millions yearly will be saved on payrolls only). I guess not good for employees who will lost jobs but good for shareholders! we will see how market reacts tomorrow.. definitely there will be lots of interest tomorrow with very high volume..it’s very very cheap at this level & lot of institutions will try get in cheap early..It doesn’t need rocket science to understand where this will be in next 6 months when pandemic will be under control with vaccine!
Comment by
oilandgasmick on Oct 25, 2020 11:41pm
I sure hope you are right and that bump up would be sweet although how long it will last remains to be seen. I remain skeptical of all the WOKE financial institutions we have to rely on. They are dealing with a lot of misinformation about the industry that has been perpetrated around the Globe and not just here in Canada. It's a world wide phenomena.
Comment by
aspen865 on Oct 26, 2020 12:36am
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