Husky Energy Inc. cumulative redeemable preferred T.HSE.PR.B

Pricing of the warrants

[Husky4000]

Considering that they are almost in the money. strike price is 6.54
And looking at the options and Leaps on CVE... For example

jan 22 7$ is bid/ask 0.74-1.30

jan 23 7$ is bid/ask 1.50-3.30

What would be the pricing for an option in january 2026?
I estimate they could trade for 5 dollars.

So each HSE shares carries 0.0651 X 5$=0.32

So, since HSE is more or less a "zombie" stock right now, it should trade at
0.7845X CVE =0.32

In todays case CVE is 6.08 right now, so HSE should be.....6.08x0.7845=4.76.
4.76+0.32=5.08.  HSE is currently at 4.86

So, either the market is mispricing the value of the warrants, or I am..

Any thoughts?

[RagingBull3]

I don't understand the futures market, I don't play it.  I don't even short.  I don't even margin. There's enough ways built into the system to make it easy for the "man" to take advantage of you and empty your pockets.    Futures market..... anything goes IMHO, so no use trying to make sense of it.    Just playing Long is a gamble for