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
5i Research Answer:
The bid is opportunistic and low, but we cannot blame SCR for trying. It would be a good...