Q: You indicated in your answer to Warren's question that you feel the suggested buyout price for MEG Energy by Strathcona is too low. What do you think would be a reasonable offer, and what do you think MEG management would hold out for? Which companies might make an offer? Do you think the company will in fact be sold?
Q: Could you please comment on the offer by Strathcona Resources? Given Strathcona’s interest, what is likely to happen to MEG’s share price over the next few months?
Q: Good morning,
Q1. What are your thoughts on Strathacona Resources recent offer to purchase MEG?
Q2. Do you consider Strathacona's initial offer reasonable and what is the likelihood of MEG accepting Strathacona's initial offer?
Q3. What is the likelihood of another company joining the bid for MEG?
Q4. For holders of MEG, do you recommend selling on the news now and taking profits or waiting for a potentially better offer as MEG considers the current offer that may not be accepted and cause the MEG's stock price to drop back?
Thank you and I'll await your response.
Francesco
Q1. What are your thoughts on Strathacona Resources recent offer to purchase MEG?
Q2. Do you consider Strathacona's initial offer reasonable and what is the likelihood of MEG accepting Strathacona's initial offer?
Q3. What is the likelihood of another company joining the bid for MEG?
Q4. For holders of MEG, do you recommend selling on the news now and taking profits or waiting for a potentially better offer as MEG considers the current offer that may not be accepted and cause the MEG's stock price to drop back?
Thank you and I'll await your response.
Francesco