Quote:
Originally Posted by Mr.Coffee
I think we are going to see a real large correction on the asking price for assets.
Junior sectors smashed, capital markets heavily restricted. Who is buying all this crap that’s going up for sale?
Nobody. That’s who. Nobody has the money to do it. Could be some real steals on the horizon for distressed assets.
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CNRL, Suncor, Husky. Deep pockets, integrated, long term views.
Wouldn't shock me at all to see CNRL go on a bit of a buying spree. Jackfish, Pengrowth, etc.