TSX:CUS.DB.D - Post by User
Comment by
ferret_caon May 08, 2014 12:07pm
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Post# 22539042
RE:RE:RE:RE:Interesting reaction
RE:RE:RE:RE:Interesting reactiona few points here.
- cutting the dividend was long over due, probably the main reason the bod fired the ceo. ( i always thought kubera was more of a snake oil salesman) we do not know what the divvy wil be after the next q as the bod stated it will be re-evaluated on a quaterly basis. this is a smart move for now, gonna take awhile to get this ship in shape!!!
-the 60-90 day down time to fix and expand nato is going to be brutal , and is the worst part of the nr imho. q3 will be brutal with nato down for 2-3 months. what happens to existing customers, stop producing, lol, they will find other companies to move their oil! will they come back to cus? the demand will be there i suspect it will work out in the end, i think we are looking at dead money for at least 9 months here and we see more dips along the way.
-long term should be good but in the meantime don't be suprised by more divvy cuts unless chemicals turn around because income from nato is going to almost nil for a while.
- they are on the right track to improving management imo, and once nato is up to par we should be good to go. some posters stated that they are out of their element with this nato project. they absolutely messed up on the cost and build but as far as moving oil by rail they have all the resources to do it successfully, they have been shipping chlorine, hcl, caustic, sodium chlorate all over north america for many years.
cheers and gl ferret