After the huge gains in energy stocks this year, people may be taking some money off the table just to be careful. People may also be selling some shares in anticipation of the usual, seasonal decline early in the year for energy. |
I don't see the incentive to tender our shares. We expect more, and hopefully we'll see more. There may be some players we're not aware of yet. |
I just don't buy the story that Zucker will walk away, because he'll trash his own holdings. There's some value there and I think someone will get it. |
I sense management has been put on a time line. People are looking for an event to surface value. |
I think upping the price was the cost of getting the deal done. |
It looks like a pretty good deal. It's about as much as you could ask for, and maybe some more. |
It's a positive environment for Canadian stocks right now. We seem to be going into an extended cycle of rising commodity prices. Takeovers are creating a lot of action, supporting valuations. |
People want producing assets to take advantage of the high commodity prices. You may be seeing a bit of a preview of next year, when metals might outshine energy stocks. |
The Canadian stock market will continue to follow resources. Rothmans will also be a negative today. |
The demand for it in Canada is going to be insatiable. |
There was no robust auction that I could see. It's been a bizarre process . . . For all the effort and bravado, it's amusing. |
There was so much negativity about such a big acquisition that even a slow progression is fine. People were afraid of the size of the deal. It's a name that will provide some growth for us. |
We're basically in a hold position. We expect more, and hopefully we'll see more. |