Q: Hey guys, novice question here, : looks like cos is trading above the take over price that Su has offerd (8.77 being the takeover price) - did I get something wrong? Does this have to do with the fact its a share deal, and as su shares climb, so do the value of COS? Thanks for clarifying.
Q: Hi Peter
Regarding Suncor's hostile bid for COS, would you advise accepting or would you hold on to COS. I own both companies. I'm not sure what to do here.
Thanks.
Cam
Regarding Suncor's hostile bid for COS, would you advise accepting or would you hold on to COS. I own both companies. I'm not sure what to do here.
Thanks.
Cam
Q: I’m presently thinking I just may hold on to my COS although I think SU is far better company to hold but I paid too much for my COS to sell it down here when I think when oil recovers so will COS with less shares being traded on a daily basis.
COS has a good Asset or SU wouldn’t want to increase their portion of the Oil Sands.
I think after the Offer closes if in fact SU gets enough COS shares submitted for them to accept them, there will be less shs of COS in the marketplace. It will likely drop off to about say $4.00 while oil is low and if it does, I’ll average down.
When Oil recovers so will COS. It won’t get anywhere close to what I paid but if I can average down when I think COS gets low enough to buy to average down I won’t lose as much as tendering my shs to SU.
COS can always do a New Issue to bring their shs to a half decent level besides giving them cash to benefit their operating expenses. SU isn't going to be selling so a New Issue may be successfully done.
This may just be the best thing that could happen favouring the COS shareholders.
Now give me your opposing argument to this flakey idea. Tomorrow I just may change my mind but at the moment I think I favour this idea.
Thx Fellows - don't be afraid to be brutally critical - in fact I'd appreciate it.
COS has a good Asset or SU wouldn’t want to increase their portion of the Oil Sands.
I think after the Offer closes if in fact SU gets enough COS shares submitted for them to accept them, there will be less shs of COS in the marketplace. It will likely drop off to about say $4.00 while oil is low and if it does, I’ll average down.
When Oil recovers so will COS. It won’t get anywhere close to what I paid but if I can average down when I think COS gets low enough to buy to average down I won’t lose as much as tendering my shs to SU.
COS can always do a New Issue to bring their shs to a half decent level besides giving them cash to benefit their operating expenses. SU isn't going to be selling so a New Issue may be successfully done.
This may just be the best thing that could happen favouring the COS shareholders.
Now give me your opposing argument to this flakey idea. Tomorrow I just may change my mind but at the moment I think I favour this idea.
Thx Fellows - don't be afraid to be brutally critical - in fact I'd appreciate it.