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Coniagas Battery Metals Inc. T.COS


Primary Symbol: V.COS Alternate Symbol(s):  CNBMF

Coniagas Battery Metals Inc. is a Canada-based exploration and mining company. The Company is focused on nickel, copper, and cobalt in northern Quebec. It is advancing Graal Nickel & Copper Project. The Graal Nickel & Copper Project (the Property) is located in the north of Saguenay Lac St-Jean region. It is comprised of 110 map-designed claims covering 6,113 hectares. The Property is also located at 190 kilometers (km) north from the seaport terminal of Grande-Anse (Saguenay).


TSXV:COS - Post by User

Comment by zver1on Feb 22, 2011 2:03pm
282 Views
Post# 18174732

RE: I don't get it

RE: I don't get itThere is a tight supply of oil, but COS can not take advantage of it due to the glut in Cushing, Oklahoma, COS oil can not get to the general market due to lack of pipeline capacity and must accept the much lower price in the midwest market which has trouble absorbing all the oilsands production.  In the long run, either U.S. pipelines from Cushing need to change direction and allow oil to flow to the gulf or there need to be pipelines from Alberta to the Pacific coast.  When either of these happens, COS will be able to achieve world prices for its oil.  In the short run, Alberta producers are  screwed.  Of course, if COS had a competent management, they would have seen this coming and started working on lining up alternate transport pipelines before the problem occurred.
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