It certainly does look wrong.
Intrepid shareholders buying up here are likely to get shafted.
The differential is too great too ignore.
If i was holding canadian intrepid id be out now and be buying post consolidation at likely cheaper cad price.
Nustar holders look much better off for now.
Controlling interest and great tenements funded by paulsens current production and a larger market cap allowing access to north american debt markets should point to a great future though.
NMC
nustar mining corporation limited
