It seems like we've got a real chance to get a better offer from Transalta themselves, no less other suitors.

On a look at upsides vs. downsides, I think the upside in the $5 range far surpasses the downside risks (maybe a $0.50 fall).

I'm wondering how others think this will play out? I'm expecting a new offer to be announced on Thursday morning.

I'm expecting Transalta to offer something else, at the latest, by Friday morning.