TSX:CUS.DB.D - Post by User
Comment by
ocean112on Jul 02, 2014 10:23pm
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Post# 22711629
RE:RE:RE:nice release !
RE:RE:RE:nice release !I really REALLY hope you are right....my sense is - the market will see more of the negative - specifically there is yet another risk of a dividend cut that the market may perceive given the cost overrun that is not priced at current levels. If we are talking $360M as the new cost just to get to 6-7 trains per week (with more cost expected to get to 10 trains per week) - that is up $45 million from the $315M - with another $X million down the road to ramp to full capacity.....with the current shares outstanding - that extra $45 million + $X is about 25 cents to 50 cents a share....so I expect the price to fall by this amount and more given the dividend risk tomorrow morning.
...don't mean to be a downer since I am long this stock and have been a strong Canexus supporter - but if I see this as very bad news - i'm sure the market won't be as forgiving either.