“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.”
“There was so much negativity about such a big acquisition that even a slow progression is fine. People were afraid of the size of the deal. It's a name that will provide some growth for us.”
“People want producing assets to take advantage of the high commodity prices. You may be seeing a bit of a preview of next year, when metals might outshine energy stocks.”
“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.”
“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.”
