It would seems so based upon their latest announcement in regard of a 2,9B$ shares bought deal.
By the way it is close to the biggest bought deal in Canada if not the biggest.
What does that mean?
Well that mean any corporation making profit in Canada oil sands sector valued at about that price could become a target to a hostile take over.
My guess: MEG energy (MEG.TO)
Profitable with a surprise quarter and valued at about 2B$.
Also very interesting is their production price per barrel.
Have fun and have a look into their last quarter release. It could be worthy......
By the way it is close to the biggest bought deal in Canada if not the biggest.
What does that mean?
Well that mean any corporation making profit in Canada oil sands sector valued at about that price could become a target to a hostile take over.
My guess: MEG energy (MEG.TO)
Profitable with a surprise quarter and valued at about 2B$.
Also very interesting is their production price per barrel.
Have fun and have a look into their last quarter release. It could be worthy......
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