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Originally Posted by Tron_fdc
Not too sure, but I don't think so. I believe their FY 2019 showed a cash balance of approx 5 billion. I don't know where they are at the moment though.
CNRL stock hovering around $25 and if they do have free cash, it's not outrageous to imagine a stock-for-stock transaction with a cash portion for an undervalued asset like Husky or Imperial. I don't work with any of those 2 operators, but word on the street is Imperial can barely keep the lights on.
All Orange Julius territory however, so take with grain of salt.
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There 2020 Q1 says 1.1 billion of cash and 5.0 billion of liquidity. Liquidity just means they have credit facilities in place to borrow 5 billion. The FY 2019 BS/cash flow statement shows 139 mil of cash and equivalents with the notes disclosing 4.7 million of credit facilities available for use.