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CPG buying Hammerhead for $1.86 billion
Posted: Mon Nov 06, 2023 8:28 pm
by allen46
https://finance.yahoo.com/news/crescent-point-agrees-buy-hammerhead-212355755.html
Re: CPG buying Hammerhead for $1.86 billion
Posted: Tue Nov 07, 2023 9:43 am
by Fraser921
Down 9 %
Market is sick of these deals
Vtle picked up a sell by JP MORGAN down 6 %
Re: CPG buying Hammerhead for $1.86 billion
Posted: Tue Nov 07, 2023 10:44 am
by 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.
Re: CPG buying Hammerhead for $1.86 billion
Posted: Mon Nov 13, 2023 9:24 am
by 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
Re: CPG buying Hammerhead for $1.86 billion
Posted: Mon Nov 13, 2023 10:17 am
by 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.
Re: CPG buying Hammerhead for $1.86 billion
Posted: Mon Nov 13, 2023 2:59 pm
by 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.