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.
$OGI has pulled back most of this move. I had been out since May but started to buy again today just above $.90.
@GuptaRK22 Congratulations Ravi! There is so much potential you can unlock at Bumble $BMBL
@TedWilliams1930 I like $SIF, Maj has done really good work on it. Big drop off of essentially inventory timing but recovering now.
@RelativalueMike @compound248 For a situation where the fundamentals line up along with a potential deal situation, I like Waystar $WAY. We wrote about it in the October newsletter and covered it briefly in episode 71 of the podcast:
Agree here. The specialty pharma side of the biz will keep growing fast. Hugh margin revenue. $stln team continues to execute and take share.
The situation reminds me of Tidewater $TDW (without the flip-flopper angle). I recently exited Tidewater from the model portfolio and my personal portfolio:
The CEO was also buying shares last month but we prefer buying by directors and that is why Tor Olav Troim's purchases were more interesting. From our Insider Weekends article about $BORR:
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