Q: Given the new bid …..what is the likelihood of SCR being successful on the takeover of Meg.assuming CVE goes no higher.
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: Hi team,
In one of your answers today regarding scr not getting Meg, you mentioned scr giving shareholders a $10 dividend ??? As in 10/ $38.92= 25.7%?! Does that mean if I buy scr shares tomorrow and this dividend gets paid out it’s a 25.7% instant return? Or , did you have to be a shareholder before the initial takeover offer? This type of special dividend seems like a crazy waste of company resources that compounds nothing for the company long term, but if I can get a special dividend of over 25% why wouldn’t I buy it and sell after the dividend?
Shane
In one of your answers today regarding scr not getting Meg, you mentioned scr giving shareholders a $10 dividend ??? As in 10/ $38.92= 25.7%?! Does that mean if I buy scr shares tomorrow and this dividend gets paid out it’s a 25.7% instant return? Or , did you have to be a shareholder before the initial takeover offer? This type of special dividend seems like a crazy waste of company resources that compounds nothing for the company long term, but if I can get a special dividend of over 25% why wouldn’t I buy it and sell after the dividend?
Shane
Q: What are the ramifications for SCR shareholders with Cenovus purchase of Meg Energy?
Q: Hi 5i
It was Just announced that possibly cenovus and an indigenous group might team up for meg....What would the expected offer be to make this happen...and where does meg share price go from current level if deal were to happen....what happens to SCR
..
thx
It was Just announced that possibly cenovus and an indigenous group might team up for meg....What would the expected offer be to make this happen...and where does meg share price go from current level if deal were to happen....what happens to SCR
..
thx
Q: Hi 5i
How was the Strathcona conference call?
Strathcona announced they would be paying out a special $10 dividend if the meg deal does not go through.
How would 5i play this?
Currently a holder of meg...Wondering if this is an opportunity to hedge a little?
Where do you think meg ends up if the deal fails?
Also would you continue to hold meg...the clock keeps ticking on this one.
thx
How was the Strathcona conference call?
Strathcona announced they would be paying out a special $10 dividend if the meg deal does not go through.
How would 5i play this?
Currently a holder of meg...Wondering if this is an opportunity to hedge a little?
Where do you think meg ends up if the deal fails?
Also would you continue to hold meg...the clock keeps ticking on this one.
thx
Q: Any idea why this is up 7% today?
Jerry
Jerry
Q: What kind of oil company it is. It is true that Scrathcona is the 5th largest oil producer in Canada. The CEO was on the podcast In the Money saying that it is still a discount compare other oil companies, it is true. Also, what is the changes that it can purchase MEG energy. Thank you.
Q: meg is being offered .62 shares of scr and $4.10. scr as of yesterday is $31.5 so .62x31.5 +4.1 =$23.63. meg closed @ $26.09. Can I assume there wiil be a higher offer.No one would tender to this offer.
Q: Why is SCR down so much today when all other oil names are up? Is it something about the takeover? Couldn't find any news. Thanks.
Q: I know this is speculation, but if Strathcona raised their offer and closes the deal with MEG. Do you feel that the price of SCR goes down on the news, similar to WCP going down when it bought Veren. The purchaser tends to go down because they are taking on debt, or diluting, etc while the purchased goes up because of a premium on the purchase price. I'm just wondering if it makes more sense to wait on the news of the deal to finalize. One outcome being they get MEG at a higher price, and their share price pulls back a bit due to the integration risks etc. OR the deal falls through or another company gets MEG and SCR price still goes down on the news for losing the deal.
Q: Can you comment on the prospects for SCR in light of its recent bid for Meg?
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
Q: Can you provide an updated view on Strathcona Resources.
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Strathcona Resources Ltd. (SCR $37.00)
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Kelt Exploration Ltd. (KEL $6.97)
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Spartan Delta Corp. (SDE $5.24)
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Logan Energy Corp. (LGN $0.82)
Q: How would you rank these four companies for potential share price appreciation in the next year?
Thank you!
Thank you!
Q: I think questions about SCORE (SCR) are dragging Strathcona Resources (SCR) into the discussion. While owning an oil company might be a form of gambling I believe this is in error.
I would be interested in your opinion of the Oil Company, SCR - Strathcona Resources.
I would be interested in your opinion of the Oil Company, SCR - Strathcona Resources.
Q: Hello 5i, I had shares of Score in a TFSA account and a SDRSP acct and now I have PENN in both accounts. Could you comment as to can PENN be held in these 2 accounts and the tax issues in both accounts.
Q: S084314
SCORE MEDIA & GAMING INC CL A SUB VTG SHS NEW
What is going on here? I lost all my money on this stock in one of my accounts?
Thank you.
SCORE MEDIA & GAMING INC CL A SUB VTG SHS NEW
What is going on here? I lost all my money on this stock in one of my accounts?
Thank you.
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Strathcona Resources Ltd. (SCR $37.00)
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Red Rock Resorts Inc. (RRR $60.63)
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Boyd Gaming Corporation (BYD $82.84)
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Flutter Entertainment Plc (PDYPF)
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Gambling.com Group Limited (GAMB $8.05)
Q: Hi 5i Team - I have sold my shares in Score but am interested in investing in a company in the same space. Am considering buying Penn and am just wondering if this would be a good strategy. Also are there any companies similar to Score that you would recommend - Canadian or U.S, any size of market cap but small and mid cap are preferred. Thanks.
Q: Hi,
I own SCR in my TFSA account and pleased with the recent acquisition announcement. However, I am not sure if I will receive Penn shares or Exchangeco shares when the deal finally closes.
I am assuming I would receive Penn shares as tax is not a consideration while holding this security in my TFSA. Is this a correct assumption?
Also, would I have to make an election prior to the upcoming special meeting on October 12th or would 'no action' allow the process to unfold as recommended and I end up with cash and Penn shares in my TFSA.
Thank you again for your insight.
I own SCR in my TFSA account and pleased with the recent acquisition announcement. However, I am not sure if I will receive Penn shares or Exchangeco shares when the deal finally closes.
I am assuming I would receive Penn shares as tax is not a consideration while holding this security in my TFSA. Is this a correct assumption?
Also, would I have to make an election prior to the upcoming special meeting on October 12th or would 'no action' allow the process to unfold as recommended and I end up with cash and Penn shares in my TFSA.
Thank you again for your insight.
Q: Assuming the early Oct. vote approves the purchase of these companies,when are the transactions scheduled to occur?Thanks for the info.