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

Salt caverns

[whitey4$]

I would think the 1.6 million barrels salt caverns storage would be another good reason to buy NATO.  
Regards
Whitey

https://blogs.wsj.com/moneybeat/2015/03/05/the-newest-commodity-oil-storage-space/

[ocean112]

you'll recall this article.... https://business.financialpost.com/2014/06/17/canexus-corp-assets-would-attract-plenty-of-buyers/?__lsa=a267-32b4 The analyst seems to capture precisely what I feel the market is missing.  Perhaps NATO - for Canexus - is a dead horse.  In the right hands (ie. a producer, refiner, midstream, etc), those bidders know how crazy undervalued this asset is

[Jackroy]

I don't see this company getting into another area that they have little understanding of the risks (at least I hope not). Without a long term contract to rent the caverns, why would you spend any money on them and potentially contaminate them for the long term.

[ocean112]

Perhaps I'm not understanding the comment - i'm not suggesting CUS develop salt caverns.  The point i'm trying to make is that in the right hands (ie. that of a buyer who has the expertise, core competence and capital) - there is significantly more cashflow potential that CUS alone might not be able to exploit. 

[Calgaryrider]

Bingo!