CANEXUS CORP 6.5 PCT DEBS T.CUS.DB.D

Cancelled Contract

[wingshots]

Note:  Canexus said it is still in talks with the midstream company.?????

[Calgaryrider]

Because their product is worth less at thr other end, they want to negotiate better prices with better terms.  Pretty simple. the statement that stunned me is that they are hesitant to sign contracts with others as it will limit their option.....ie long-term value for prospective buyer.    As as I said, this'll be resolved in 2 weeks or less.

[Nodlonian]

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[whitey4$]

The thing is Cus has a duty to try to replace the contract in order to get damages from Meg. So I find the statement that they are not looking for long term contracts ,"because a buyer may not want it " strange,unless the sale is close. Whitey

[Kman83]

Seems pretty clear now that at least one of the serious bidders is a producer that would want NATO for loading it's own oil.  A producer wanting to load their own oil doesn't want all the capacity contracted out to others. Hey, I wonder if it is MEG that is the producer that is a major bidder and they "engineered" the suituation for the mid-stream company to be able to

[whitey4$]

I would say if Cus does not sue Meg in the near term it would be logical . Mind you if they did sue and Meg bought NATO the lawsuit would be void. whitey