Westshore Terminals Inc.

WTE-T

TSE:WTE

16.80
0.10 (0.59%)
Westshore Terminals is Canada's premier, most technologically-advanced coal export terminal, located in the Metro Vancouver area. With an export capacity of 33 million tones per year, Westshore Terminals handles around 250 ships per year.
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Analysis and Opinions about WTE-T

Signal
Opinion
Expert
HOLD
HOLD
June 5, 2020
Dividend safe? They are in a good position as a port infrastructure company. He assumes coal shipments will be sustained. They changed their structure a few times and he thinks they will do okay longer term.
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Dividend safe? They are in a good position as a port infrastructure company. He assumes coal shipments will be sustained. They changed their structure a few times and he thinks they will do okay longer term.
PAST TOP PICK
PAST TOP PICK
June 4, 2020

(A Top Pick Jul 26/19, Down 23%) They had some difficulties with TECK.B-T not long after it was a Top Pick. It is still the leading coal export terminal on the west coast. It is a challenge that their largest customer is looking to renegotiate and move volumes elsewhere. It scores in the top 1% on valuation. It still yields over 4% with a low payout ratio and has a solid balance sheet. It is a relatively stable stock relative to other commodity stocks. It is still on his buy list.

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(A Top Pick Jul 26/19, Down 23%) They had some difficulties with TECK.B-T not long after it was a Top Pick. It is still the leading coal export terminal on the west coast. It is a challenge that their largest customer is looking to renegotiate and move volumes elsewhere. It scores in the top 1% on valuation. It still yields over 4% with a low payout ratio and has a solid balance sheet. It is a relatively stable stock relative to other commodity stocks. It is still on his buy list.

PAST TOP PICK
PAST TOP PICK
May 28, 2020

(A Top Pick Aug 21/19, Down 27%) He still owns it and still likes it down here for the same reasons. The negative performance is mostly because the market still wants to see a deal between them and TECK.B-T, which seems to be playing a bit of hardball. He would expect that they come back to the table some time this year and formalize an agreement for some tonnage.

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(A Top Pick Aug 21/19, Down 27%) He still owns it and still likes it down here for the same reasons. The negative performance is mostly because the market still wants to see a deal between them and TECK.B-T, which seems to be playing a bit of hardball. He would expect that they come back to the table some time this year and formalize an agreement for some tonnage.

BUY
BUY
January 17, 2020
Competition from Teck? Teck has announced it will potentially be increasing shipments in competition against them. This has moved the valuations right to the top of his list of buy prospects. It trades at 8 times earnings. A cheap cyclical stock with a low dividend payout ratio. Most of their coal them move is for steel manufacture than for thermal purposes, so it seems like the environmental concerns are over blown. Yield 4%
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Competition from Teck? Teck has announced it will potentially be increasing shipments in competition against them. This has moved the valuations right to the top of his list of buy prospects. It trades at 8 times earnings. A cheap cyclical stock with a low dividend payout ratio. Most of their coal them move is for steel manufacture than for thermal purposes, so it seems like the environmental concerns are over blown. Yield 4%
WATCH
WATCH
January 8, 2020

Why the selloff today? Teck may be expanding its deal with a competitor causing a sizable share price sell off (over 10% today) -- this may double Teck's capacity. People may also be concerned about future coal demand and exports. There just not seem to be any catalysts to spark his interest. It is not wise to panic on this, there will be time for recovery to allow you to assess the situation.

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Why the selloff today? Teck may be expanding its deal with a competitor causing a sizable share price sell off (over 10% today) -- this may double Teck's capacity. People may also be concerned about future coal demand and exports. There just not seem to be any catalysts to spark his interest. It is not wise to panic on this, there will be time for recovery to allow you to assess the situation.

TOP PICK
TOP PICK
November 29, 2019
This could be a take over by a private equity name. The largest coal export facility on the west coast of North America. It has no debt. The market is worried by the Teck contract, but he does not think it will be an issue. He thinks this is a $30 stock and the dividend will go up. A potential 30-40% upside. Yield 2.95% (Analysts’ price target is $25.75)
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This could be a take over by a private equity name. The largest coal export facility on the west coast of North America. It has no debt. The market is worried by the Teck contract, but he does not think it will be an issue. He thinks this is a $30 stock and the dividend will go up. A potential 30-40% upside. Yield 2.95% (Analysts’ price target is $25.75)
TOP PICK
TOP PICK
October 25, 2019
A higher risk name, but has great value here. The largest coal loading facility on the West coast in Canada. Trades at 8 times earnings, where infrastructure plays should be trading at 12-13 times. It should be a $30 stock. It carries no debt and should allow the dividend to increase going forward. Yield 3.00% (Analysts’ price target is $25.00)
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A higher risk name, but has great value here. The largest coal loading facility on the West coast in Canada. Trades at 8 times earnings, where infrastructure plays should be trading at 12-13 times. It should be a $30 stock. It carries no debt and should allow the dividend to increase going forward. Yield 3.00% (Analysts’ price target is $25.00)
TOP PICK
TOP PICK
October 25, 2019
A higher risk name, but has great value here. The largest coal loading facility on the West coast in Canada. Trades at 8 times earnings, where infrastructure plays should be trading at 12-13 times. It should be a $30 stock. It carries no debt and should allow the dividend to increase going forward. Yield 3.00% (Analysts’ price target is $25.00)
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A higher risk name, but has great value here. The largest coal loading facility on the West coast in Canada. Trades at 8 times earnings, where infrastructure plays should be trading at 12-13 times. It should be a $30 stock. It carries no debt and should allow the dividend to increase going forward. Yield 3.00% (Analysts’ price target is $25.00)
BUY WEAKNESS
BUY WEAKNESS
October 24, 2019

We are seeing headwinds in both met-coal and thermal coal. Thermal coal is on its way out. It is a good asset with a strong balance sheet but he would only add at a discount to account for the risks of coal and that TECK.B-T may be dropping some of their capacity for alternatives.

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We are seeing headwinds in both met-coal and thermal coal. Thermal coal is on its way out. It is a good asset with a strong balance sheet but he would only add at a discount to account for the risks of coal and that TECK.B-T may be dropping some of their capacity for alternatives.

HOLD
HOLD
October 15, 2019
$46.73 is his model price. It can cover its dividend. Hold and wait. It's a cyclical stock, a coal company.
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$46.73 is his model price. It can cover its dividend. Hold and wait. It's a cyclical stock, a coal company.
SELL STRENGTH
SELL STRENGTH
September 20, 2019
A terminal on the BC coast, primarily involved in coal. There have been issues with some of the customers financial position. It was a safe way to play coal prices. He would continue to hold for now, but sell into strength. The dividend was cut in half, back in 2015. Yield 3% (Analysts’ price target is $25.00)
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A terminal on the BC coast, primarily involved in coal. There have been issues with some of the customers financial position. It was a safe way to play coal prices. He would continue to hold for now, but sell into strength. The dividend was cut in half, back in 2015. Yield 3% (Analysts’ price target is $25.00)
WAIT
WAIT
September 13, 2019

In the industrial base metal space in Canada, there is WTE-T and LIF-T. Both are very fairly priced right now. A highly commodity focused and cyclical business. This space is best to buy into when stock prices have been really hard hit. Global growth for steel trade is becoming a concern. It is not a good time to enter. The yield on LIF-T is 3.8%.

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In the industrial base metal space in Canada, there is WTE-T and LIF-T. Both are very fairly priced right now. A highly commodity focused and cyclical business. This space is best to buy into when stock prices have been really hard hit. Global growth for steel trade is becoming a concern. It is not a good time to enter. The yield on LIF-T is 3.8%.

TOP PICK
TOP PICK
August 21, 2019
An infrastructure asset. A cold terminal that is used to load ships to Asia. Trading at a low multiple. They had faced headwinds with one of their customers going bankrupt but they were bought up so they are now good. Pays a good dividend around 3%. Has performed poorly but it is a good entry point right now.
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An infrastructure asset. A cold terminal that is used to load ships to Asia. Trading at a low multiple. They had faced headwinds with one of their customers going bankrupt but they were bought up so they are now good. Pays a good dividend around 3%. Has performed poorly but it is a good entry point right now.
SELL
SELL
August 13, 2019

It's been sideways since 2016--dead money. Find something that pays the same dividend but with an upwards chart, like CN and CP.

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It's been sideways since 2016--dead money. Find something that pays the same dividend but with an upwards chart, like CN and CP.

TOP PICK
TOP PICK
July 26, 2019
I75% of their volumes head to Asia. WTE is in the top 5% of his stock valuations. 20% ROE, 8x EBITDA, a good 3% yield with a low payout. He expects share buybacks or more dividends. Well-positioned for cyclical growth recovery. (Analysts’ price target is $24.70)
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I75% of their volumes head to Asia. WTE is in the top 5% of his stock valuations. 20% ROE, 8x EBITDA, a good 3% yield with a low payout. He expects share buybacks or more dividends. Well-positioned for cyclical growth recovery. (Analysts’ price target is $24.70)
HOLD
HOLD
July 8, 2019

It is a large terminal that exports coal. He would hold the company. They just finished a capital expansion phase. The dividend is set up to be increased quite a bit. The con side is that it comes down to coal. There is met. coal and thermal coal. TECK.B-T (met. Coal) is about 10% of their business. They hinted at driving some capacity away from WTE-T.

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It is a large terminal that exports coal. He would hold the company. They just finished a capital expansion phase. The dividend is set up to be increased quite a bit. The con side is that it comes down to coal. There is met. coal and thermal coal. TECK.B-T (met. Coal) is about 10% of their business. They hinted at driving some capacity away from WTE-T.

PAST TOP PICK
PAST TOP PICK
July 4, 2019
(A Top Pick Jul 25/18, Down 5%) There was some concern about losing contracts. He likes it and they have no debt and are a great infrastructure play.
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(A Top Pick Jul 25/18, Down 5%) There was some concern about losing contracts. He likes it and they have no debt and are a great infrastructure play.
TOP PICK
TOP PICK
July 4, 2019

It has great assets in BC. It has no debt and a famous investor owns 30 percent of it. TECK.B-T may move their volumes to a terminal that they co-own next March. He thinks they can't move all of their volume. They have the ability to increase their dividend and they have no debt. (Analysts’ price target is $25.38)

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It has great assets in BC. It has no debt and a famous investor owns 30 percent of it. TECK.B-T may move their volumes to a terminal that they co-own next March. He thinks they can't move all of their volume. They have the ability to increase their dividend and they have no debt. (Analysts’ price target is $25.38)

DON'T BUY
DON'T BUY
June 19, 2019
He does not follow this one closely and believes the share price outlook is not great. It is tough to grow the business of a coal terminal, he thinks.
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He does not follow this one closely and believes the share price outlook is not great. It is tough to grow the business of a coal terminal, he thinks.
PARTIAL SELL
PARTIAL SELL
March 27, 2019
It depends on your outlook for global growth. Pays a decent dividend and its volumes are holding up. But this stock is below its price 10 years ago. Perhaps take profits.
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It depends on your outlook for global growth. Pays a decent dividend and its volumes are holding up. But this stock is below its price 10 years ago. Perhaps take profits.
DON'T BUY
DON'T BUY
March 19, 2019
It broke massive support around $21 and has fallen. Since 2016, it has a definite pattern of huge swings up and down, but it didn't rise up in the last three months, which is not good. He's bearish.
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It broke massive support around $21 and has fallen. Since 2016, it has a definite pattern of huge swings up and down, but it didn't rise up in the last three months, which is not good. He's bearish.
DON'T BUY
DON'T BUY
January 28, 2019
They have prime real estate for the terminal. It is a one-commodity play – metallurgical coal. It has been a good buy on dips, but he thinks there are better opportunities out there.
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They have prime real estate for the terminal. It is a one-commodity play – metallurgical coal. It has been a good buy on dips, but he thinks there are better opportunities out there.
BUY
BUY
November 28, 2018
Likes it. A unique asset. It's economically sensitive to grain and coal shipments. Good valuation. High ROE. 9x EBITDA and 2.6% dividend with a low payout ratio.
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Likes it. A unique asset. It's economically sensitive to grain and coal shipments. Good valuation. High ROE. 9x EBITDA and 2.6% dividend with a low payout ratio.
DON'T BUY
DON'T BUY
October 24, 2018

A stock price can pull back for many reasons: the market itself or your initial analysis was wrong. It happens to everyone. When to cut your losses? What are the prospects of this company going forward vs. other investments. Westshre had a good last quarter, but they are volatile. They are exposed on the west coat to coal shipping. Pays a modest 2.6% dividend. He has no plans to buy it. He doesn't know if it has downside risk, but its upside is limited.

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A stock price can pull back for many reasons: the market itself or your initial analysis was wrong. It happens to everyone. When to cut your losses? What are the prospects of this company going forward vs. other investments. Westshre had a good last quarter, but they are volatile. They are exposed on the west coat to coal shipping. Pays a modest 2.6% dividend. He has no plans to buy it. He doesn't know if it has downside risk, but its upside is limited.

SELL
SELL
October 1, 2018

You buy this stock for coal exports heading to the west coast. This is a play on that demand. It has come off sharply, with trade tensions being an issue. If you're uncomfortable with this, sell it and take your losses. Pays a 2.3% yield. Coal is not fashionable and this is not a yield play.

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You buy this stock for coal exports heading to the west coast. This is a play on that demand. It has come off sharply, with trade tensions being an issue. If you're uncomfortable with this, sell it and take your losses. Pays a 2.3% yield. Coal is not fashionable and this is not a yield play.

COMMENT
COMMENT
August 22, 2018

They've extended their coal contracts which has given the market some confidence in it. Pays a good dividend. Still negotiating with major customer Tech Resources, but he doesn't see Tech moving to another terminal. This is alright, trading at 2x book and 15x earnings. Doesn't know if they will increase the dividend.

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They've extended their coal contracts which has given the market some confidence in it. Pays a good dividend. Still negotiating with major customer Tech Resources, but he doesn't see Tech moving to another terminal. This is alright, trading at 2x book and 15x earnings. Doesn't know if they will increase the dividend.

TOP PICK
TOP PICK
July 25, 2018

The largest coal handling facility in the Western hemisphere. No debt with $58 million in cash. Most of the coal goes into steel manufacturing and they have blending capacity and will be doing another expansion, which will drop their payout ratio. A great infrastructure play that cannot be duplicated. Yield 2.6%. (Analysts’ price target is $26.50)

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The largest coal handling facility in the Western hemisphere. No debt with $58 million in cash. Most of the coal goes into steel manufacturing and they have blending capacity and will be doing another expansion, which will drop their payout ratio. A great infrastructure play that cannot be duplicated. Yield 2.6%. (Analysts’ price target is $26.50)

PAST TOP PICK
PAST TOP PICK
July 23, 2018

(A Top Pick Aug 29/17, Up 1%) It is a good underlying business but got caught up in the trade wars. He sold it. He continues to follow this business and might repurchase if the trade wars calm down.

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(A Top Pick Aug 29/17, Up 1%) It is a good underlying business but got caught up in the trade wars. He sold it. He continues to follow this business and might repurchase if the trade wars calm down.

TOP PICK
TOP PICK
December 8, 2017

A very straightforward simple business. They own a coal loading terminal off the coast of BC, one of the largest in North America. A very stable, simple business. They basically get coal sent in from rail yards across North America, and earn a fixed fee for every ton of coal they load onto a ship. The majority of their customers are locked into long-term contracts. For the last couple of years, they’ve been spending a lot of capital upgrading equipment. When they did that, they cut the dividend significantly. The Capital Spend is going to be done in 2018, and they’ll be in a great position to ratchet up the dividend. Trading at 9X EBITDA which is cheap. Dividend yield of 2.5%. (Analysts’ price target is $26.)

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A very straightforward simple business. They own a coal loading terminal off the coast of BC, one of the largest in North America. A very stable, simple business. They basically get coal sent in from rail yards across North America, and earn a fixed fee for every ton of coal they load onto a ship. The majority of their customers are locked into long-term contracts. For the last couple of years, they’ve been spending a lot of capital upgrading equipment. When they did that, they cut the dividend significantly. The Capital Spend is going to be done in 2018, and they’ll be in a great position to ratchet up the dividend. Trading at 9X EBITDA which is cheap. Dividend yield of 2.5%. (Analysts’ price target is $26.)

SELL
SELL
December 1, 2017

Recently sold. It had a dip and struggling to get back up. The chart is a bit hard to interpret as it looks like it could be a choppy ride and could possibly range between about $30 -20. If you own the stock and happy with the dividend so long it doesn’t reach $20, you should be OK. Dividend 3.4%.

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Recently sold. It had a dip and struggling to get back up. The chart is a bit hard to interpret as it looks like it could be a choppy ride and could possibly range between about $30 -20. If you own the stock and happy with the dividend so long it doesn’t reach $20, you should be OK. Dividend 3.4%.

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Westshore Terminals Inc.(WTE-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 5

Neutral - Hold Signals / Votes : 3

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 10

Stockchase rating for Westshore Terminals Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Westshore Terminals Inc.(WTE-T) Frequently Asked Questions

What is Westshore Terminals Inc. stock symbol?

Westshore Terminals Inc. is a Canadian stock, trading under the symbol WTE-T on the Toronto Stock Exchange (WTE-CT). It is usually referred to as TSX:WTE or WTE-T

Is Westshore Terminals Inc. a buy or a sell?

In the last year, 10 stock analysts published opinions about WTE-T. 5 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is HOLD. Read the latest stock experts' ratings for Westshore Terminals Inc..

Is Westshore Terminals Inc. a good investment or a top pick?

Westshore Terminals Inc. was recommended as a Top Pick by Ryan Bushell on 2020-06-05. Read the latest stock experts ratings for Westshore Terminals Inc..

Why is Westshore Terminals Inc. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Westshore Terminals Inc. worth watching?

10 stock analysts on Stockchase covered Westshore Terminals Inc. In the last year. It is a trending stock that is worth watching.

What is Westshore Terminals Inc. stock price?

On 2020-07-15, Westshore Terminals Inc. (WTE-T) stock closed at a price of $16.8.