Another High-Premium, Multi-Billion-Dollar Canadian Oil Deal
Strathcona Resources will acquire Greenfire Resources for C$2.8 billion including debt, valuing the Canadian heavy-oil producer at up to a 39% premium.
Strathcona Resources will acquire Greenfire Resources for C$2.8 billion including debt, valuing the Canadian heavy-oil producer at up to a 39% premium.
@HiddenGemsInves Probably $ESP
Why are these form 4s interesting? The CEO of $CURI has been pretty good at timing his open market buys. Div yield 13%. 5/2024: Buys 91K shares @ $1.06. Peak return = 575% 12/2024: 17K @ $1.68 = 326% 5/2026: 150K @ $2.73 = 58% 8/2026: 30K @ $2.55 = TBD 8/2026: 20K @ $2.60 = TBD
Any reason for $SIF selloff? Seems like an interesting dip if just someone blowing out. I thought the quarter was good!
Par example, $NN is a lottery ticket, there is no way it doesn’t get “positioned” again into the high teens around the next major catalyst…
@GoodHouseCap Maybe the bigger question is.... if PCI went bankrupt so suddenly.... what about the other competitors? Maybe $PBI doesn't need to acquire anyone. It's increasingly becoming a "K" business. Those with scale are killing it and those without are (or soon will be) bankrupt.
@GoodHouseCap Yes and will almost purely be incremental profit. $PBI has all the fixed costs and plenty of capacity - the incremental variable costs to take on the volume will be miniscule.
@DeepSailCapital $ASAN has been caught up in the software bounce despite being a pretty obvious AI loser and having none of the qualities that make the other software companies good.
@SebKrog Still long $CEPL. The uplisting brought in some short-term tourists looking for a quick trade. Our thesis hasn’t changed. Demand will eventually find them given their time to market advantage and cleaner emissions profile.
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