RE: Nova Chemical CorpI agree with what you have written. I have worked at the Joffre Plant where Nova has 5 different plants for over 10 years. Most of their customers stock piled Poly in 2008. I believe that those stock piles are diminishing and that the worst is over (ie, we have hit the bottom of the cycle).
Having said that we have not seen times like these around the world in the modern era. If they can get the money (which i believe they will) then this stock will go up and they will recover. If they don't I still don't believe operations will be shut down...especially not in Alberta...too many companies are interconected. So I don't see a downside from these prices.
Going to be an interesting day!
Real time market pre bids anyone?????