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

I'm In !

[MustangMatt]

I am in, I now have a meaningful position, at least meaningful in my mini retail investor world.  I will briefly share my rationale for any one interested.

1.  I share the view that we likely have a responible board of Directors here.  Action has been to taken to rectify the NATO cost over runs and poor execution.

2.  I share the view that the Canexus chemical business is a solid stable cash flowing business, that is likely at or near a pricing trough.  Canexus has a competive advantage in this business as a low cost producer. 

3. I believe that the crude by rail shipping business is potentially a lucrative business for Canexus with room for growth beyond the current expansion project.  As pointed out before pre aranged shipping contracts are cost competitive with shipping by pipeline.  It is logical for companies to diversify the transportation methods regardless if pipeline capacity exists.  Pipeline capacity does not currently exist and even if pipeline creation occurs it is not likely to have a meaningful impact well into 2017.  It is also unlikely that new industry regualtion costs will significantly impact the Canexus Bruderheim terminal because the Oilsands crude that they will ship is of the less volatile variety. 

I could go on, however, none of this information is new to this board as other posters have made these and other points already.  I see no reason the stock could not run into the $5.50 range in the near term.  Potentially, with solid execution of the NATO terminal and a full comitment for shipping capacity, $6.50 is not an unreasonable target for early 2014.  All in my opinion cheers Matthew