This is from: https://ca.marketscreener.com/quote/stock/NATIONAL-BANK-OF-CANADA-1410947/news/National-Bank-of-Canada-Announces-NVCC-Subordinated-Notes-Offering-45834650/
Any good news out of this?
10 replies (most recent on top)
Cenovus shouldn’t touch Suncor’s mine abandonment liabilities with a 10ft pole. Steer clear for your own sake.
That link is about National Bank issuing debt.
Please share the news release about this offer in 2018.
- so JM joined CVE where incompetence is rewarded. This deal would punt JM easily. Board decision and not his.
Here at National. Bank we refer to it as Sunovus.
Suncor made an offer to buy CVE pre-pandemic but board turned it down. JM very bitter about his time at Suncor and his performance there not going particularly well - he frequently brought it up in various town hall type discussions (which was weird) so there would be a dynamic there. Hong Kong would have to be on side to be diluted.
It would be a pretty massive company. That would get the attention of the competition bureau. Not a bad idea though. At least it would be more a merger of equals vs buying a piece of junk like Husky.
There are many useless and dead weights that can be eliminated.
Hopefully they will merge sooner than later.
There is some truth to this rumour.
Could happen
I heard this rumour recently. Certain investment bankers are pitching this to both teams to reduce costs further, increase market position, influence, and strength. Operating synergies. Also, increase the struggling stock price in both underdogs.
Some Execs get to retire early with golden handshake with life long cash plan.