Quote:
Originally Posted by curves2000
So as I read this presser on the Cenovus and Husky deal, it appears to me that existing Husky shareholders will receive shares in the new entity?
Given how far the stock price has fallen for Husky over the years, this allows the existing shareholders the ability to participate in the new company's financial performance?
Am I reading it right?
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Yes. Husky shareholders will also get a small amount of warrants, which are long term option to buy shares. That would add value if oil recovers.