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The [New Issues/IPO] thread - ENF $33.15, CVE $16

  • Last Updated:
  • Sep 20th, 2017 12:28 pm
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Deal Expert
Feb 11, 2009
15630 posts
1717 upvotes
Toronto
White Comet wrote:
May 4th, 2017 9:50 am
Status showing "Open" ?
Yep all my orders show open.
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[OP]
Deal Expert
User avatar
Sep 19, 2004
19965 posts
2979 upvotes
Waterloo
what's new
CVE new low $12.69

$16 -> $12.7 is -20%, wow..
They could've waited to buy NOW instead.. wonder if they can lower the BO price like many others did (WBA/RAD, Bass Pro/CAB)
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Deal Expert
Feb 11, 2009
15630 posts
1717 upvotes
Toronto
jerryhung wrote:
May 4th, 2017 3:50 pm
what's new
CVE new low $12.69

$16 -> $12.7 is -20%, wow..
They could've waited to buy NOW instead.. wonder if they can lower the BO price like many others did (WBA/RAD, Bass Pro/CAB)
CVE is the company that is making the acquisition...the fact their shares have dropped wouldn't change the terms of the deal.
Selling Grizzly Privy Maple Leafs - $33 ea - PM!
Newbie
Apr 23, 2017
61 posts
30 upvotes
Why do people buy CVE? It looks like they're losing money and are not profitable at current oil prices? Are you betting that oil prices will go way up?
[OP]
Deal Expert
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Sep 19, 2004
19965 posts
2979 upvotes
Waterloo
zinger9 wrote:
May 4th, 2017 4:34 pm
Why do people buy CVE? It looks like they're losing money and are not profitable at current oil prices? Are you betting that oil prices will go way up?
They WERE a good/well-run company, before they went all-in and doubled up. I'm sure they can make money at current price, but still, they paid "fair value" at best... or "overpaid" at worst...definitely didn't "steal" like CNQ did

Nobody knows what will happen (in future), so... all CVE shareholders are screwed and frustrated (I agree, how can they double up/dilute equity without shareholder vote)
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Deal Expert
Feb 11, 2009
15630 posts
1717 upvotes
Toronto
20% fill rate across the board through my accounts. Asked for 2,000 in all of them, and got 400 each.

Should be fun next week :)
Selling Grizzly Privy Maple Leafs - $33 ea - PM!
Deal Addict
Mar 27, 2004
2180 posts
176 upvotes
Toronto
just got notice, hydro one, @ $23.25
1% listing commission only.

Platinum award winner.
Deal Addict
Aug 19, 2006
4762 posts
114 upvotes
oasis100 wrote:
May 8th, 2017 4:24 pm
just got notice, hydro one, @ $23.25
For sure this stock dropping under tomorrow
[OP]
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Sep 19, 2004
19965 posts
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Waterloo
http://www.marketwired.com/press-releas ... 214794.htm
Hydro One Limited ("Hydro One" or the "Company") (TSX:H) announced today that Hydro One, together with the Province of Ontario (the "Province"), have entered into an agreement with a syndicate of underwriters for the secondary offering by the Province (the "Offering"), on a bought deal (firm commitment offering) basis, of 120,000,000 common shares ("Common Shares") of Hydro One at a price of $23.25 per share, for total gross proceeds of $2.79 billion. In addition, the Province has granted the underwriters an over-allotment option, exercisable for a period of 30 days following closing, to purchase up to an additional 12,000,000 Common Shares at the same price per share which, if exercised in full, would increase the gross offering proceeds to approximately $3.07 billion. Hydro One will not receive any of the proceeds from the sale of Common Shares by the Province.
$23.25 is almost YTD 2017 low
I've put in 500
at least it's not a "dilution" per se

whew, glad I sold at $24 after their nonimpressive ER
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Deal Fanatic
Jun 26, 2011
9832 posts
833 upvotes
Either Hydro shareholders are going to get screwed when all the infrastructure gets replaced or ratepayers are going to get jammed again. Betting on the latter.

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