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

Dead Cat?

[peterm]

Well someone's buying. Thankfully.
Honesty/Dishonesty, gotta admit I sure thought (as did everyone else I think) that Nato was operating at a higher rate(4-5 trains) than the actual (2-3 trains). I was hoping for nothing spectacular but much closer to breaking even.

I still feel NATO will be an asset once oil prices move up. How long that will take is anyones guess. Now in the interim it looks like all offers are rediculously low so 1) Sell/Write Off, 2) Continue Operating albeit at a loss or 3) Shut Down and accept the losses that entails.

I'm betting a Sell - an Oil bounce back in a year - management kicking themselves for the Sell.

[TimeBuilder]

Nice .31 cent spread Today ...GLTA....still over sold   IMO

[BlueCollar51]

peterm; I agree that ultimately NATO will become a cash cow for whoever owns it. In my opinion if Canexus can’t get a reasonable price for it now which seems to be the case they should take it off the market. Instead of being a “Motivated Seller” they should be a “Motivated Owner Operator”. A lot can change in a few months. In a year or so we could have “Motivated Buyers” knocking on the door