TSX:CUS.DB.D - Post by User
Comment by
Calgaryrideron Feb 20, 2015 2:22pm
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Post# 23449101
RE:RE:something new
RE:RE:something new
Why speculate? Canexus is range-bound and due to plumet further UNLESS management signs on more trains, increasing utilization of NATO.
There is no chance of selling this fat leach of a asset until they do so.
No producer and no midstream company will buy this asset for anything more than a bag of pucks UNLESS there are either long-term take or pay contracts in place making the facility cash flow positive OR there is the potential to sign such deals. Unfortunately, there are neither.
And CUS can't afford to sell NATO for a bag of pucks.
Simple as that.
Don't get horny if as this floats between $2 and $4/sh. Maybe you can make some money, but don't be confused, it'll all be based on luck.
The best chance of CUS (entire company) being sold is a private equity company stepping in to split the assets and make some real coin. No midstream or upstream company is interested in doing so. No chemicals company wants to buy CUS with NATO on the hitch.
NATO is such an anchor, man.