TSX:CUS.DB.D - Post by User
Post by
petermon Mar 24, 2015 1:25pm
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Post# 23555656
Dead Cat?
Dead Cat?
Well someone's buying. Thankfully.
Honesty/Dishonesty, gotta admit I sure thought (as did everyone else I think) that Nato was operating at a higher rate(4-5 trains) than the actual (2-3 trains). I was hoping for nothing spectacular but much closer to breaking even.
I still feel NATO will be an asset once oil prices move up. How long that will take is anyones guess. Now in the interim it looks like all offers are rediculously low so 1) Sell/Write Off, 2) Continue Operating albeit at a loss or 3) Shut Down and accept the losses that entails.
I'm betting a Sell - an Oil bounce back in a year - management kicking themselves for the Sell.