There was no robust auction that I could see. It's been a bizarre process . . . For all the effort and bravado, it's amusing.
More Quotes from Greg Eckel:
After the huge gains in energy stocks this year, people may be taking some money off the table just to be careful. People may also be selling some shares in anticipation of the usual, seasonal decline early in the year for energy.Greg Eckel
I think upping the price was the cost of getting the deal done.
Greg Eckel
I sense management has been put on a time line. People are looking for an event to surface value.
Greg Eckel
It's a positive environment for Canadian stocks right now. We seem to be going into an extended cycle of rising commodity prices. Takeovers are creating a lot of action, supporting valuations.
Greg Eckel
I just don't buy the story that Zucker will walk away, because he'll trash his own holdings. There's some value there and I think someone will get it.
Greg Eckel
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