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Bidding War in the Oil Patch: Why Adam Waterous Isn’t Backing Down

Bidding War in the Oil Patch: Why Adam Waterous Isn’t Backing Down

In the Money with Amber Kanwar vor 1 Jahr

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Podcast

In the Money with Amber Kanwar

179 Episoden

In the Money with Amber Kanwar brings you actionable ideas from top money managers to help you make profitable decisions.

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Podcast aneignen

It's the biggest takeover battle in Canada right now. Adam
Waterous returns to In the Money with Amber Kanwar to make his
case for why MEG Energy shareholders should vote for his offer.
As Founder & Executive Chairman of Strathcona Resources he’s
going head-to-head against Cenovus in a high-stakes bidding war.

In this candid conversation, Adam explains why Strathcona raised
its offer, what makes his all-share deal different from Cenovus’
largely cash bid, and why he believes MEG shareholders are
leaving nearly $4 billion on the table if they don’t back his
plan. He also tackles tough questions about shareholder concerns,
Strathcona’s special dividend, and whether critics are right to
call his stock “inflated paper.”

Adam lambastes MEG's board for never engaging with him from the
very beginning and tells how much Cenovus should have fork over
to outbid him.

If you want to understand what’s really at stake in the MEG
Energy bidding war — and hear directly from the man behind one of
the boldest plays in oil sands history — you won’t want to miss
this interview.

Timestamps

00:00 Show intro & details for swag giveaway

02:15 Adam Waterous tells Amber why he increased his offer for
MEG Energy

06:20 Adam makes his sales pitch for why MEG shareholders should
tender to Strathcona

14:00 Questions about Adam’s argument

16:25 Break

16:50 What kind of feedback is Adam getting from MEG
shareholders?

18:50 How far is Adam willing to go to get MEG?

21:35 Pushback of shareholders

25:20 Is Strathcona using ‘inflated paper’ for the
transaction?

29:00 Adam on the special dividend

31:35 Are there options for M&A other than MEG?

36:10 Why won’t Adam just offer a 4-handle and be done with
it?

39:15 Does MEG’s rejection feel personal?

42:10 Adam believes MEG’s board is not acting in the best
interests of shareholders

44:50 Where is Strathcona in two years? Why Adam is bullish on
Canada’s oil sector

46:50 Mike Larson of the Moneyshow tells viewers about the
upcoming event in Toronto

Sponsors

For over 25 years, Raymond James has been helping Canadians
achieve their financial goals. Visit https://raymondjames.ca
today to discover how you can live a life well planned.

Pro Picks is brought to you by ATB Financial. Visit
https://ATB.com/inthemoney for more information

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DISCLAIMERS

The information provided in this podcast is for informational
purposes only and does not constitute financial, investment, or
professional advice.The views expressed by the host and guests
are their own and do not necessarily reflect the opinions of any
organization or company. The host and guests may maintain
positions in any securities discussed on the podcast. Always
consult with a qualified financial advisor or professional before
making any investment decisions.

In the Money delivers expert stock picks, actionable ideas, and
timely money management tips. Hosted by business journalist Amber
Kanwar, each episode features interviews with top portfolio
managers who suggest ways to achieve good returns. Covering
everything from ETFs and Canadian stocks to global investing
trends, dividend strategies, and risk management, this show is
made for DIY investors, stock market enthusiasts, and anyone
looking to sharpen their financial strategy.

Contact: questions@inthemoneypod.com

#IntheMoney #Investing #StockMarket #CanadianInvesting
#FinancialNews

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