Post by
ocean112 on Sep 23, 2014 7:14pm
September 2014 Presentation Is Available
They are being more direct - a potential sale of NATO is in the works...see second last page....would venture a sale by end of Q4 since talks have been ongoing for a while - question is - how much. Given the recent spat with MEG - i'm betting that Cenovus is in late stage discussions to acquire NATO (would provide one explanation why MEG pulled that move to block access to thier pipeline)...
Here is their september presentation.
https://canexus.ca/documents/Investor-Presentation-September-2014.pdf
Comment by
peterm on Sep 23, 2014 11:43pm
thanks for posting. I read and reread presentation, especially second last page but did not see any mention of a sale in the works. Not that it isn't a strong possibility. But presentation focus on the progress of NATO.
Comment by
borne2run on Sep 24, 2014 12:50am
peterm, possible sale of NATO terminal was alluded to on two slides Slide 15 Continue to advance discussions with parties interested in certain assets Slide 16 Potential sale of NATO de-levers balance sheet