I'm shocked. I was sure he'd say " You know that offer we made yesterday? We plan to increase it a bit next Friday."
“I hate owning a company that’s very levered to a commodity that goes all the way down, and then gets taken out at the bottom so I don’t get the ride back up,” said Doug Warwick, managing director of TD Asset Management, which owns almost 5 per cent of Canadian Oil Sands through its mutual funds.
The commodity that Warwick is 'levered to' through COS is oilsands bitumen. That he apparently does not understand that accepting this all-stock deal from Suncor would leave him similarly levered to oilsands bitumen, and in a position to "ride" the stock up", is rather telling of the basic intelligence of far too many mutual fund managers in Canada.
Look at the numbers and figure it out yourself.
Asking people on a message board, or following what analysts tell you blindly; and then doing what they tell you is a recipe for disaster.
Do not ever trust anyone but yourself, or you will lose a lot of money.
My opinion is that Suncor is the best defensive play on oil in Canada. I have looked at the numbers, and I like what I see. I do not like their recent proposal to buy COS, however I am still long on SU.
Don't take my word for it, or anyone else's. Look at the numbers yourself and decide.
Duh, you think I didn't catch your little diss on the $CAD? I know you hate Canada, and yet you still buy shares in Canadian companies huh.
Zap? You're a liar. You apparently zapped me already (or so you said) a long tiime ago. Shove your Zap up your #$%$.
It is you who has comprehension issues. My post commented on the difference in value of C$ vs. US$. You then decided to stick your nose in and make a comment on the issue of cash vs. stock.
Issuing new stock is paying money. If you don't think so, it's because you never did, don't, and never will own any, which is quite likely.
And you get the zap, you sad putz.
What will be SU's cash balance if the buyout is successful? Identical to what it was before the deal. ZERO real money. Oh why did you even read my message? So much for your repeated claim that once you put someone on ignore it's forever... you are a hypocrite.
Not a big fan of this deal. The previous acquisitions I like, but not Canadian Oil Sands.
Too much debt in COS, and price of oil needs to be rather high for this to be profitable.
Still long on Suncor. It is still the safest defensive bet on Canadian oil. I just don't like this particular deal.
If/when oil heads to 100 again though, then this will look like bargain. Still, not a fan of this deal.
I will buy more SU if this drops 5% below the lowest price I paid, which is a long way off. I am still up a rather large amount, but not looking to sell until oil peaks again over 100.
Hey putz I am in Hawaii enjoying the benefits of smart investing where are you in moms basement? Looks like i made a good choice with SU looking at the news today! Hello HA!
wow I will have to look into that I hope you are right.Canada is the best neighbor and trading partner and a stable ally and the corrupt USA politicians turned their backs on you to go to the highest bidder.We build Keystone and we can bring the 6th fleet home from the Persian Gulf and we don't need OPEC anymore!
Friday's rally consisted primarily in a short squeeze manufactured by market manipulators by buying large amounts of options contracts ... it remains to be seen if there is any carry-through ... the process of "quantitative easing" is now well-known to only put money in rich peoples' pockets, not to foster world growth at all ... but the winds seem to be changing now in favor of fiscal stimuli ... if the rich try to take everything for themselves then everybody loses ...