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Old 07-30-2020, 11:43 AM   #5562
Harju
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Join Date: Oct 2011
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Quote:
Originally Posted by Tron_fdc View Post
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.
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.
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