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

something new

[mike49]

on this board cus is discussed almost exclusively concerning nato and not the original company.
fine.
fair to say that the price today for nato would be break-even or a gouge.first in and out always has the biggest smile.
imo,the small pop this week was a hedge on their potential storage.cus certainly can't develope or manage it but low prices make it maybe attractive to someone who can.

[Keyownknee]

So you think they might keep NATO and sell the storage land instead? Wouldn't storage development be contingent on long term prospects for oil sands, which are still on shakey ground?

[Calgaryrider]

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