Smart money keeps making bold moves in Albertan Oil and Gas field.
The most recent one is the announced acquisition of Kiwetinohk by Cygnet..
Kiwetinohk is one of the great businesses we followed, and we truly believe in their story and potential.
The deal, expecting to close in December 2025, values the company at CAD $24.75/share.
We started looking at KEC.TO when it was under $10.
Even from the early 2025 (Q2) valuations levels, the all-cash offer from Cygnet represents a +40-50% gain.
And we truly believe there is much, much more runway for this case ahead under new ownership.
We are profoundly happy for Kiwetinohk Team and keep quite a few other promising stories in focus.