CPG buying Hammerhead for $1.86 billion

[allen46]

https://finance.yahoo.com/news/crescent-point-agrees-buy-hammerhead-212355755.html

[Fraser921]

Down 9 %

Market is sick of these deals

Vtle picked up a sell by JP MORGAN down 6 %

[allen46]

Market may be sick of them but at these very low valuations these kind of deals make a lot of sense to the acquiring company.

[knusser58]

Hi Dan,
sorry to bother you on your vacation.
Do you have any reports from the "Wallstreet Gang" post Hammerhead buying announcement?
Also, when do you think you shall have an updated forecast for CPG?
Regards,
Klaus

[ChuckGeb]

Saw report over weekend that underwriting banks were left holding 25% of $ 500 million (Cad) equity raise due to lack of institutional interest. I would be interested in thoughts of those who know more about CPG and the Hammerhead deal as to whether this is a buying opportunity or signal of something negative.

[ChuckGeb]

I would like to know what Eric Nuttall’s view in the acquisition is and whether he is buying for Nine Point or his personal account.