AGM
ALDRIDGE MINERALS INC
stock CVE

I'm still deciding how to vote. It's a mess.
Note that the $44 price was never guaranteed; if too many people choose cash we'll get part cash and part shares, pro-rated.
Also, I saw another comment elsewhere that under the revised terms of the deal even the $44 price might be movable - but I haven't had time yet to read their latest "phone book" mailing and see for myself.
The circumstances leading up to this don't inspire confidence in Parkland's board. They had a past offer of $45 from Sunoco which they turned down because Parkland was morth wore... but suddenly that changes when they're about to lose control of the board?
On the other hand, Simpson's board doesn't inspire confidence, either - and they have no better idea, anyway.
I'm inclined to agree with the points in Engine Capital's letter... but there seems no path from where we are now to getting a better deal. The most useful takeaway from it is their point that there's probably little downside to voting against the buyout.
This sort of thing would normally make me sell out on the spot and move on to something with better prospects, but there seems a higher than usual chance of getting a couple bucks more on the share price soon.
I *definitely* will not be waiting for the actual buyout to happen, however the AGM turns out.

I'm still deciding how to vote. It's a mess.
Note that the $44 price was never guaranteed; if too many people choose cash we'll get part cash and part shares, pro-rated.
Also, I saw another comment elsewhere that under the revised terms of the deal even the $44 price might be movable - but I haven't had time yet to read their latest "phone book" mailing and see for myself.
The circumstances leading up to this don't inspire confidence in Parkland's board. They had a past offer of $45 from Sunoco which they turned down because Parkland was morth wore... but suddenly that changes when they're about to lose control of the board?
On the other hand, Simpson's board doesn't inspire confidence, either - and they have no better idea, anyway.
I'm inclined to agree with the points in Engine Capital's letter... but there seems no path from where we are now to getting a better deal. The most useful takeaway from it is their point that there's probably little downside to voting against the buyout.
This sort of thing would normally make me sell out on the spot and move on to something with better prospects, but there seems a higher than usual chance of getting a couple bucks more on the share price soon.
I *definitely* will not be waiting for the actual buyout to happen, however the AGM turns out.