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

Using Jedi Mind Tricks to Boost Stock Prices

[TMFDeej]

Using Jedi Mind Tricks to Boost Stock Prices

I've described the tale of woe that is my investment in Canexus Corp. (CXUSF) numerous times here in the past. Despite the implosion in the price of oil, shipping oil-by-rail is not dead yet. The biggest operator of the most feared competitor to oil-by-rail, pipelines, has decided to get into the rail business. TransCanada (TRP) has announced that as approval for the Keystone XL pipeline drags on that it has decided to diversify into the oil-by-rail business within months...
https://caps.fool.com/Blogs/using-jedi-mind-tricks-to/1036510

[Calgaryrider]

I wonder, how is TransCanada going to gain any value from an asset that has contracts in place to run at half capacity.   One thought is that it may be a hedge for them.....if they can't meet their obligations to provide pipelines to transfer products, then they are at risk of losing long-term partners in those pipelines. If you can offer some service instead of no service

[6milli]

Hey CalgaryRider, while I would have loved to step in beside you and buy some more shares at $1.50, I think you were at least 20 cents off your sub-$2.00 prediction - (low intraday was about $2.20). Did you miss the boat altogether or did you pick up some shares below $2.50? Or should I say train :)

[Calgaryrider]

I have not bought a red cent.  I still beleive there's more pain to come.   To understand what's goigng on with demand for rail, check out this article.  https://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/suncor-profit-hammered-by-oils-steep-drop/article22799157 Rail demand is appreciably dropping......yes, dropping.  So making money

[ocean112]

so here is my comment - take it for what it's worth.  Midstream assets are not dependent on the price of oil, but are dependent on crude VOLUME.  I agree that this spike in oil prices is temporary and we may test $40 or below come April so making some quick profits on the likes of LTS.  However, there is simply way too much supply to work through before prices stabilize

[Kherson]