I think this talk was spread out elsewhere. But 2021 is kicking off with a little combination of whitecap and Torc.
.https://www.newswire.ca/news-release...866064431.html
I think this talk was spread out elsewhere. But 2021 is kicking off with a little combination of whitecap and Torc.
.https://www.newswire.ca/news-release...866064431.html
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Yeah just got an email about that. Not sure what it means but my work is in the Gas side of things sooo.This quote is hidden because you are ignoring this member. Show Quote
Wonder who tourmaline is buying next.
Torc deal seems good for shareholders. Predicting future mergers is pretty tough though.
Last edited by killramos; 12-08-2020 at 09:15 PM.
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
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Torc deal is a good deal for the people I know who've been at Torc for the long haul. There was no other way out.
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People I know who were involved sound happy. Not a huge company but solid consolidation. WCP kind of surprised me but not for any reason.
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
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I am under the impression Whitecap has acquired another local O&S shop. I am not sure if its public knowledge yet but it may be. Only reason why in know is because they have requested my wife come in for an interview for her own job in January as she has been off on mat leave when the whole acquisition took place
I have only gathered one opinion on the deal, and it is positive.
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you mean NAL? That's old news.This quote is hidden because you are ignoring this member. Show Quote
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Yes that's the one. Can't say I am really up to date on O&G as my wife has chosen to stay home with the kiddos. I told her to take the interview just so if they lay her off she might get a package as she was at NAL for 6-7 years
NAL = NewAlta, doesn't it?
Edit - oh fuck. I forgot they got bought a couple years ago. I was horny for them back when they were helping Syncrude centrifuge MFT but I never bought.
Le chicken.
Last edited by ThePenIsMightier; 12-08-2020 at 10:10 PM.
NAL Is just NAL to my knowledge. Manulife funded oil coThis quote is hidden because you are ignoring this member. Show Quote
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
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Just wondering if you could elaborate a bit? Are they happy just with better prospects or with the actual transaction?This quote is hidden because you are ignoring this member. Show Quote
Looks like they sold for ~5% discount to todays trading. Maybe if they were granted a whack of options at their bottom but.. I don't see how this is that good for anyone except people that wanted out immediately (investors)
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Correct. Just a bunch of random plays all over sask and AB. They went hard before gas went tits up and Manulife hasn't funded them much since (smart move in retrospect)This quote is hidden because you are ignoring this member. Show Quote
Mostly from an investors standpoint, it’s all stock and to my knowledge it was just priced on a 10 day weighted average multiple so there isn’t really much “discount” per se in the big picture.
Even for the people who were there it’s nice to get some money “out”.
Is it great for lower level employees? Probably not, I’m sure most of them will be let go. Hopefully some asset teams will move over as the two companies aren’t really all that synergistic.
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
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Good for the TOG OG's who can finally get thier money out. Will fotnsire mean headcount reductions and that's going to be tough for those who aren't executives with millions of dollars worth of stock.
That seems to be the point of oil companies. Enrich executives.
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Isn't that the point of like... any business..? Reward the people that are willing to take the (sometimes huge) risk starting it, and make the time/stress commitment to drive success?This quote is hidden because you are ignoring this member. Show Quote
Can confirm - am at private company... lower level employees given options but havent seen a dime. Only executives thus far have been enriched. The company has to buy them out of their cheaper options of course to align them with new prices!This quote is hidden because you are ignoring this member. Show Quote
Often times the investors take most or all of the financial risk and the executives have almost zero risk (other than maybe their reputation), but usually that requires them to have a good track record building/selling companies to get the investors on board on the first place.This quote is hidden because you are ignoring this member. Show Quote
I can't tell if you're disagreeing with me. For those people, the risk to reputation is equal or > capital risk... and in a sense, because their reputation and track record of proven success is required to get investors (as you said), they are kind of one in the same. Reputation/personal brand risk is significant for someone like that.This quote is hidden because you are ignoring this member. Show Quote
What is everyone's thought on Obsidian's attempt at a hostile take over of Bonterra?
This quote is hidden because you are ignoring this member. Show QuoteOriginally Posted by SugarphreakThis quote is hidden because you are ignoring this member. Show QuoteThis quote is hidden because you are ignoring this member. Show Quote
DOn't mind me, I'm in a bad mood because of some jerks in texas today. I'll go drink a coffee and relax.This quote is hidden because you are ignoring this member. Show Quote
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Bonterra will never go for it so it’s pretty irrelevant.This quote is hidden because you are ignoring this member. Show Quote
Obsidian out of touch as per usual
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
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