The Globe and Mail reports in its Friday, Nov. 2, edition that MEG Energy chief executive officer Derek Evans says shareholders should continue to ignore a hostile takeover bid by Husky Energy because "by their own admission, Husky can afford to pay a lot more." A Canadian Press dispatch to The Globe reports that Mr. Evans, on his first financial reporting conference call since being named CEO earlier this year, says Husky's $11-a-share cash-and-stock offer made in September is actually now worth just $9.61 because of changing share values. He says the offer is opportunistic because MEG produces only raw bitumen from its steam-driven oil sands wells, making any production that cannot get to the United States markets subject to severe -- but temporary -- price discounts for Western Canadian Select bitumen blend crude. "The fact that Husky by their own statement has agreed just how valuable we are is flattering. However, everything comes at a price." MEG announced Thursday it has signed a three-year deal with Cenovus Energy to move 30,000 barrels per day through its Edmonton-area crude-by-rail loading terminal to markets in the U.S. Gulf Coast where it expects to get better prices.