Market Impact: Negative as news of MEG's major shareholder's intent to sell more shares comes with the stock at an all-time post-IPO low. That said, this news may also signal that MEG's Board's view of what an acceptable bid price is may be lower than the market suspected.
23 Dec 2015
MAJOR SHAREHOLDER APPROVED TO SELL MORE SHARES
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MAJOR SHAREHOLDER APPROVED TO SELL MORE SHARES
MEG Energy Corp. (MEG:TSE) | 0 0 (-0.9%) | Mkt Cap: 1,559m
- Published:
23 Dec 2015 -
Author:
Michael P. Dunn -
Pages:
2
Market Impact: Negative as news of MEG's major shareholder's intent to sell more shares comes with the stock at an all-time post-IPO low. That said, this news may also signal that MEG's Board's view of what an acceptable bid price is may be lower than the market suspected.