Ensign Energy’s offer for Trinidad Drilling may be back in play as stock selloff jeopardizes Precision’s bid

Ensign Energy’s offer for Trinidad Drilling may be back in play as stock selloff jeopardizes Precision’s bid

CALGARY — The recent selloff in global stocks could jeopardize Precision Drilling Corp.’s $1-billion deal to acquire smaller rival Trinidad Drilling Ltd. and complicate attempts to sell shareholders on the transaction. When Precision announced on Oct. 5 that it would buy its indebted competitor Trinidad in an all-share deal, the value of that deal was…

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Dollarama shares drop after short-seller says ’broken growth story’ could tumble 40%

Dollarama shares drop after short-seller says ’broken growth story’ could tumble 40%

BOSTON — Spruce Point Capital Management, which focuses on in-depth research of companies’ vulnerabilities, sees room for Dollarama Inc’s stock price to tumble roughly 40 per cent after the Canadian retailer raised prices and fewer customers are shopping at its stores. “Spruce Point believes Dollarama is a ‘strong sell’ with an approximately 40 per cent…

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