Sue's Blog

Monday, November 13, 2006

Come by Chance and Stay by Chance 9

Alert: IS COME BY CHANCE REFINERY IN TROUBLE?

I was pleased to see that at least the CBC Radio (Morning Show) and the Telegram have at least taken the interest in covering an important story relative to Come by Chance and the Province.

Sue's Blog was first off the mark November 01 - a day after the fed announcement on Income Trusts.

Now there's even more reason to be concerned that Harvest Trust - the brand new owners of the Come by Chance Refinery - may not deliver the expansion and growth first anticipated. What is most concerning however is the silence from our Finance Minister and Premier. Let's hope they are not "all over" this file as they were with the fishery or the Stephenville Mill.

Industry experts are not holding out a rosy picture for our new kids on the block - Harvest Trust:

"In a few unfortunately mistimed cases, trusts with major acquisition and financing activities underway, like Harvest Energy Trust, could find the situation quickly turn very negative."

This quote from a column in Energy Pulse - written by Harry Chernoff - Principal Pathfinder Capital Advisors.

Well the major acquisition and financing activities spoken of are none other than the financing and purchase of Come by Chance. Where is the Premier on this file? Let's hope he's doing something before there are real problems.

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