Quote:
Originally Posted by Dean2
Would appear the market feels the same way as I do about the merger. Husky up to exchange value of shares, Cenovus is off 12% so far this morning. To be fair WTI is off .$1.48 and WCS is down 90 cents, the overall TSX is off 212 points or 1.3%. All that considered, if the Cenovuus deal was considered really strong, it should be bucking the trend or at least holding even. I am inclined to believe the Cenovus shares will continue to suffer in the foreseeable future, Canadian Oil and Gas has become really unpopular due to Federal policies and the massive anti oil media campaign.
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Question: Considering what is going on to the south next week and the huge difference in policy and philosophy between the two sides, will it not be hard to make sense out of anything for a while ?