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Bullboard - Stock Discussion Forum CANEXUS CORP 6.5 PCT DEBS T.CUS.DB.D

Bullboard (TSX:CUS.DB.D)

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Comment by Khersonon Jan 09, 2015 8:03pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:news for nato

But if one reads further in that NR, you will find that the reduced dividend still resulted in a 354% payout ratio... Kherson
Comment by Calgaryrideron Jan 09, 2015 7:05pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:news for nato

They cut their annual divs from $100M to $70M. Greeeeeat.  Let's give them a cookie. Meanwhile, on paper, they are bleeding cash to the extent that they live paycheck to paycheck and have ...more  
Comment by pjn0987654321on Jan 09, 2015 5:33pm

RE:RE:RE:RE:RE:RE:RE:RE:news for nato

"I do agree that management has had the option to cut dividends for more than a year, but, ask youself why that hasn't happened." They already cut once -   "The ...more  
Comment by Calgaryrideron Jan 09, 2015 3:48pm

RE:RE:RE:RE:RE:RE:RE:news for nato

If covenants are  broken - and they likely are AGAIN, or on the verge of being broken - the senior lenders (the banks) can call their loans immediately, as in, this afternoon.  This would ...more  
Comment by leo101on Jan 09, 2015 3:48pm

RE:Management and the BOD are the problem here...

yes, but good managers don't grow on trees and they don't come cheap. how many consecutive quarters have these jokers missed their so called guidance? 
Post by Khersonon Jan 09, 2015 2:33pm

Management and the BOD are the problem here...

Some really interesting debate on here lately about the fiasco that has consumed Canexus. I still maintain that management is the root problem with this company and until they are replaced, starting ...more  
Comment by whitey4$on Jan 09, 2015 2:17pm

RE:Interesting article

No Keystone XL pipeline. On Friday, Nebraska’s Supreme Court allowed the pipeline’s construction to proceed. But neighboring South Dakota is starting over in its permitting process. South ...more  
Post by whitey4$on Jan 09, 2015 2:04pm

Interesting article

https://www.marketwatch.com/story/why-keystone-xl-is-more-important-to-canada-than-the-us-2015-01-09?link=sfmw
Comment by ocean112on Jan 09, 2015 12:44pm

RE:RE:RE:RE:RE:RE:news for nato

so wouldn't they cut the dividend by 50% if NATO doesn't sell as another option - freeing up $35M to pay the interest expense and ride this out instead of declaring bankruptcy.  I mean, & ...more  
Comment by Calgaryrideron Jan 09, 2015 12:11pm

RE:RE:RE:RE:RE:news for nato

I respectfully disagree with a lot of your response.  1) Yes, covenants were relaxed and yes, they have interest coverage, but don't forget about the $70M / year they're still shelling ...more  
Comment by ocean112on Jan 08, 2015 10:15pm

RE:RE:RE:RE:news for nato

i'm just getting back on this board after a few months off - but man - you're sounding a lot like Kherson.  Bankruptcy?  Seriously?  I take it you didn't read thier latest ...more  
Comment by Calgaryrideron Jan 08, 2015 8:41pm

RE:RE:RE:news for nato

When that article was written, WCS was $70 and WTI was $85, not $33 and $48, respectively.   If these prices continue US shale production will tank and Alberta production will ALSo be under ...more  
Comment by Khersonon Jan 08, 2015 6:47pm

RE:RE:news for nato

I think you hit the nail on the head Calgaryrider. What is sad and I would believe criminal is that the NR that was released to the Market on Wednesday, was already known by a few the day before ...more  
Comment by ocean112on Jan 08, 2015 5:19pm

RE:RE:news for nato

That is quite a leap - that taking on new contracts implies few attractive bids when management also said they have recevied numerous proposals (quote from November presentation) - and Management has ...more  
Comment by Khersonon Jan 08, 2015 2:52pm

RE:RE:RE:performance

LOL... Rockfeller2012, the distributable cash per share is 2 cents and the dividends paid are 10 cents, hence the 500% payout ratio... Kherson
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