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Coniagas Battery Metals Inc. T.COS


Primary Symbol: V.COS Alternate Symbol(s):  CNBMF

Coniagas Battery Metals Inc. is a Canada-based exploration and mining company. The Company is focused on nickel, copper, and cobalt in northern Quebec. It is advancing Graal Nickel & Copper Project. The Graal Nickel & Copper Project (the Property) is located in the north of Saguenay Lac St-Jean region. It is comprised of 110 map-designed claims covering 6,113 hectares. The Property is also located at 190 kilometers (km) north from the seaport terminal of Grande-Anse (Saguenay).


TSXV:COS - Post by User

Comment by InvestYoung99on Dec 29, 2015 2:06pm
81 Views
Post# 24417170

RE:Suncor wants to Operate

RE:Suncor wants to Operate
I don't think they want to Operate Syncrude at all. The keep bashing Syncrude and how unreliable it is - and they use that as an argument for you to tender your shares. Yet Williams said that he does not want to operate Syncrude (unless he changed his mind again)!

https://calgaryherald.com/business/energy/suncor-expects-canadian-oil-sands-bid-rejection-as-first-reaction:

Suncor has no plans to become the operator of Syncrude and would work with partners to lower costs, Williams said.

So why does Suncor want  COS if they think Syncrude is a subpar asset, and they don't want to operate it? Of course it is simply because lease 29 will save them billions. They obviously want to take advantage by fear mongering COS shareholders in this downturn. Syncrude has been around for decades and has always weathered previous cycles. New oil reserves are simply going to become more expensive over the long term. Suncor knows that, that's why they need lease 29 adjacent to their mine, so they can profit years down the road. Oil companies don't work on a 12 month horizon. It is unfortunate some investors do. I certainly won't tender my shares at this price at the bottom of a cycle.


MyHoneyPot wrote:
Rightfully so Suncor wants to operate syncrude, and the only way to do that is buy COS. It operates all its other oil sands operations, and increased its interest in Fort Hills for a cost greater then the price they want to pay for COS. It needs lease 29 and it will eventually pay for lease 29. It makes a lot more sense for them to own COS ahead of that transaction, lease 29 is in Suncors future plan. Imagine to pay less for COS then they paid for Fort Hill which is a non operational bitumen producing property, without the same lease position that Syncrude has. Management at Suncor in in La La land and needs to come up with a better offer. Read more at https://www.stockhouse.com/companies/bullboard/bullboard/t.su/suncor-energy-inc-new#P4dL8ZtzEE4goBe6.99


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