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

"Canada's crude-by-rail exports rise 22 percent in Q3"

[MOJOJONO]

Unfortunately... CUS does not appear to have participated very much in this:

https://www.reuters.com/article/2014/12/01/canada-crude-railway-idUSL2N0TL19Q20141201

"Gibson Energy Inc and U.S. Development Group's new Hardisty, Alberta, unit train terminal, which can load up to 120 rail cars, or about 70,000 barrels of crude, in one go, opened in June and ramped up rapidly to full capacity of 140,000 bpd.

Canexus Corp also reopened its Bruderheim unit train facility near Edmonton, Alberta, in early September after a summer shutdown.

However, in its latest earnings release Canexus said it loaded five unit trains in the third quarter, well below its intended 70,000 bpd capacity."

It isn't clear the total capacity of a unit train for CUS.  Digging around the internet it ranges 90-120 rail cars.

[Analysis98]

Wake up.  Things have changed.  Oil producers no longer need rail, Production is falling, pipelines have capacity and differencial is very small.  Why would a buyer pay 1/2 a billion for Nato now?  And oil producers like MEG have reduced revenue.  Why would they spend 1/2 billion on rail?  TDW warned that this could happen and it has.  Divi is gone.  No

[Calgaryrider]

"No buyer at the required price. Shareholders holding the big bag." Those are the most correct words written in this forum for a long time. How management has maintained their dividend is criminal here. They are both undermining their balance sheet AND at the same time increasing their desperation to submit to a lowball offer for this NATO asset. Accelerating the inevitable puts