CANEXUS CORP 6.5 PCT DEBS T.CUS.DB.D

A worrisome article.....

[ocean112]

https://www.reuters.com/article/2014/08/04/canexus-railway-crude-idUSL2N0Q61RW20140804

[pudwoods]

Nothing we didn't already know.

[ocean112]

The part that worries me is whether there is a permanent impairment to the Bruderheim asset....all of our investments are predicated on the ability to sell NATO to fix the balance sheet - but if they are not able to recover thier cost given the overruns - that will impact any potential upside...even at these prices. _____________________ Amid speculation of a sale some analysts have questioned

[Kherson]

This is why I stated a week ago that Canexus needs to hold on to Blundeheim and make it work as it was supposed to. Having said that, someone like Cenovus would love to pick up Blunderheim at firesale prices. The only way that Canexus can now survive financially is to eliminate the dividend... Kherson

[HAWK37]

This article is to kind. The Board should have fired Kubera years ago as he was incompetent and they failed to do act. To blame the 'project guys' at this point is ridiculous. The Board of Directors of Canexus is responsible for destroying $500+ million in market cap in the last year and should be held accountable. They have a duty to protect to interests of shareholders and they have