RE:RE:RE:RE:divvy reductionpeterm wrote:
nice summary bluecollar - man I hope your right - gonna pick up 2000 on Monday - can some employee not just count the loads leaving Brunderheim - how could the number of loads be a surprise?
peterm; I don’t think the number of train loads was much of a surprise. It’s well known that the weather in Q1 caused a lot of problems for the Railroads. The Canadian Government’s “meddling” (mandating priority for grain) was not helpful. The Q1 POR numbers were certainly shocking but as I posted, in my opinion when the underlying causes are assessed not the “Train Wreck” they appear to be.
I think that the major disappointments were the revised (delayed) guidance re when the Unit Train facility will be up to speed and the failure to contract more of the capacity.
The trading action on Thursday was interesting. The selloff didn’t surprise me. It was most likely caused by a “knee jerk” reaction and stop losses kicking in. I was very surprised at the recovery.
I am not any good at predicting near term SPs. The next year is going to be very challenging for Canexus. In my opinion; IF things go reasonably well the SP has the “potential” to be substantially higher in a year or so. IF they can maintain the revised dividend I will be paid well to wait.
There is NO GUARANTEE !!
The current sentiment re Canexus is clearly negative for good reasons. It’s a “Show Me” story. Going forward they will have to execute well for the sentiment to change. It won’t happen overnight. A successful resolution of the CEO position before too long should be helpful. Uncertainty is never a good thing for the SP.
As Always; Do Your Own Due Diligence; It’s Your Money !!