Don’t you just love M&A?
It’s like an elaborate play.
We love the drama.
We love the intrigue, the subterfuge.
We love the sheer fun of two companies (Strathcona (“SCR”) and Cenovus (“CVE”)) dueling it out over the price of a prize that you hold in your hand.
What’s that you ask?
MEG Energy (“MEG”) stock.
Who’ll be the highest bidder will be determined by the voting shareholders. Who wins at this stage? No one knows, what we do know though is . . . the price is going higher.