Canadian Superior Energy (SNG)

[hillzman]

I sure hope so. The announced deal doesn't specify quite a few things regarding the sale. If the $145+ million is all they are getting for the 45% 5c interest, we're not getting much for it. The 25% "held" by CHQ also needs to be resolved through sale or merger with SNG. I'd actually like to see a merger with SNG coming out of CCAA and a sale of part or all of the remaining 25% as energy prices improve, the CCAA cloud is lifted, 5c expenses are paid out, and JOA issues settled with BGTT and T&T. Still a ways to go, but assuming it works out, we could see the sp approximate what it was prior to the 5c project ($1.50-2.00)but that's just my guess fwiw!
http://finance.yahoo.com/news/Canadian-Superior-Energy-Inc-iw-15410633.html