Even the market is calling CVE on their desperation to acquire MEG. Can this company do anything right? They overpay and undersell. Do they actively try to lose $$$. No wonder their stock price can’t creep higher than $25. Forever the bottom feeder in the E&P space.
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Wait, what? You mean rivers don’t act as pressure barriers in thermal assets? Doh!
@vs whistleblowing isn’t restricted only to activities within a company. It should be done
Talked to a family member who’s a lawyer. They said when deals like this have fairness questions, employees involved can get dragged in personally if the numbers don’t hold up later. Thinking about emailing the ASC just to ask what employees are supposed to do if something doesn’t look transparent. Not looking to be a hero, just don’t want to get caught in someone else’s mess.
We pity you, little man.
@r3 HR need not respond
Hmmm stock has been up since the missed vote. Seems like you are wrong again. Too bad you got skidded but just move on already. It’s just sad watching you unravel.
Just heard from staff involved in the transaction that management is encouraging staff to "stick to the narrative" on asset valuation.
As they cheapen out and shortcut maintenance at Toledo and Lima they are sure go have a major upset or, god forbid, safety incident. I really hope the USW demands they use qualified, union labor and not the unqualified and no credentialed electricians they used in turnaround. Disaster. Mo--ns do not count the cost of paying union journeyman to come in and rework everything.
CVE staff are whispering what analysts/investors have already flagged: the Cenovus–Strathcona thermal asset sale looks nowhere close to market reality. If this transaction was truly arm’s-length, Cenovus’s board should have no problem releasing the valuation assumptions, fairness opinions, and internal approval memos. Because from the outside, it looks like a deal structured to benefit Strathcona at the expense of MEG’s other shareholders. Under Alberta’s Securities Act, CVE staff who worked on this transaction can face personal regulatory exposure if the ASC finds misleading information or non-arm’s-length conduct. Corporate counsel represents Cenovus, not you. If you were anywhere near this file, start documenting what you know and consider speaking with the ASC before they call you in.
The Sask thermal assets are a ticking time bo-b. Poorly cemented wells, casing vent leaks, flows to surface on a lot of their leases.
I love whatever this guy is free basing.
Undersell VAUN. Lol. It is across the river from Rush lake. They likely over pressured that reservoir and worried it's going to blow out too.