Q: Can you comment on what is going on with the CVE takeover offer, and why there was a last-minute delay that took place yesterday? Was it delayed because there was not enough support? Although I had voted in support of CVE takeover when SCR was also bidding, now that SCR is out, if the vote is close, I would probably vote against CVE so MEG could continue on its own. Any thoughts? Thanks.
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Canadian Natural Resources Limited (CNQ $44.44)
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Cenovus Energy Inc. (CVE $23.75)
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MEG Energy Corp. (MEG $29.73)
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Tourmaline Oil Corp Subscription Rcpt (TOUR)
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Enbridge Inc. 5.50% Cumulative Redeemable Preferred Shares Series A (ENB.PR.A $25.20)
Q: What are your thoughts on the current offer for Meg Energy presuming it goes through. If we keep Cenovus stock we would have a half position.
We also own an almost full position in CNQ and TOUR. Have a full position in ENB. Those last 3 are about 5% of our portfolios.
I'm mostly looking at this as providing me with more cash but might hold the half position of Cenovus if the future is bright. (I know you don't have a crystal ball!)
Would you keep the half position of Cenovus or instead sell Cenovus and use the cash to add more to TOUR or CNQ?
We're retired, conservative investors.
We also own an almost full position in CNQ and TOUR. Have a full position in ENB. Those last 3 are about 5% of our portfolios.
I'm mostly looking at this as providing me with more cash but might hold the half position of Cenovus if the future is bright. (I know you don't have a crystal ball!)
Would you keep the half position of Cenovus or instead sell Cenovus and use the cash to add more to TOUR or CNQ?
We're retired, conservative investors.
Q: I already voted no on the proxy. Can I change my vote in view of the cenovis revised offer?