Veresen Inc | StockChase
241
Veresen Inc (VSN-T (Dead))

Last Price Recorded: $18.5100 on 2017-10-04

ON STOCKCHASE SINCE Nov 2000

Formerly Fort Chicago Energy Partners

Joined with Pembina Pipelines Oct 2017

pipelines

Veresen Inc


Signal Opinion Expert

2017-10-31

COMMENT
Veresen Inc (VSN-T (Dead))

Pembina Pipeline (PPL-T) acquired the company. Keep the stock or Sell and take profits? Pembina is not just a pure pipeline, but does have some oil interests as well. Chart shows a little bit of overhead that we have seen since 2015. There are a number of people that remember what they paid and will want their money back. We are getting close to that level. The chart is taking a slightly rounded look to it. Between the fact that it definitely has some technical resistance in the low $40 he would be tempted to take the cash. On the other hand, if you are interested in the dividend, it is a perfectly fine income stock. He wouldn't buy any new stock.

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Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $18.510
Owned: Unknown

2017-08-29

HOLD
Veresen Inc (VSN-T (Dead))

Pembina Pipeline (PPL-T) has made an offer to buy this company at $9.7 billion. He doesn’t think there is any issue and that it will likely close. This is a part share and park cash deal.

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Colin Stewart

CEO & Portfolio manager, JC Clark Investments Ltd.

Price: $17.330
Owned: Unknown

2017-08-23

HOLD
Veresen Inc (VSN-T (Dead))

They are being bought out by PPL-T and it closes on the 4th quarter of this year.  You get shares of PPL-T and cash ($18.50).  Roll it over into PPL-T because it is not a tax event then.  Put the cash back into either PPL-T or ALA-T.

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Douglas Kee

Chief Investment Officer, Leon Frazer & Associates

Price: $17.480
Owned: Unknown

2017-06-20

COMMENT
Veresen Inc (VSN-T (Dead))

(Being acquired) Basically, you are just buying this to get the yield and the takeout price. We are in a pretty good market, and you don’t need to park cash to stay in cash and get just a simple dividend.

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David Burrows

President & Chief Investment Strategist, Barometer Capital Management

Price: $18.220
Owned: Yes

2017-06-19

PAST TOP PICK
Veresen Inc (VSN-T (Dead))

(Top Pick Feb 28/17, Up 39%) He was quite happy with the transaction.  He switched from VSN-T to PPL-T.

pipelines
Veeral Khatri

Partner and Portfolio Manager, JC Clark

Price: $18.510
Owned: No

2017-05-15

COMMENT
Veresen Inc (VSN-T (Dead))

This is being acquired by Pembina (PPL-T), which has better growth. Combined, there are some synergies. He thinks Pembina could be $48-$50 in the year. He likes all the pipelines. You get yield with growth.

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Bruce Campbell (1)

President, Campbell and Lee InvMngmnt

Price: $18.720
Owned: Unknown

2017-05-08

COMMENT
Veresen Inc (VSN-T (Dead))

Infrastructure and pipelines.  The pipeline sector is not cheap.  Lots of money is going in because there is great dividends.  He holds this through ZWU-T.  It has a covered call overlay and high dividends.  He would not jump into VSN-T because it has flat lined after the takeover offer.

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Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Management Inc.

Price: $18.710
Owned: Unknown

2017-05-03

COMMENT
Veresen Inc (VSN-T (Dead))

The stock has attempted to crack $19 or $20 multiple times, and failed every time. In this environment, even if it succeeds in taking over Pembina (PPL-T), it is a mediocre chart that he personally would not buy.

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Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $18.450
Owned: No

2017-05-01

HOLD
Veresen Inc (VSN-T (Dead))

It was acquired.  He can’t argue with this company or with the shares you get in PPL-T.  It is a friendly deal.

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Norman Levine

Managing Director, Portfolio Management Corp

Price: $18.130
Owned: No

2017-04-26

TOP PICK
Veresen Inc (VSN-T (Dead))

This is in the natural gas liquids business. Have a number of projects on the go, but also the big talk is that the Jordan Cove and LNG project off Oregon could potentially be back on, and that could be a game changer for them. Dividend yield of 6.5%. (Analysts’ price target is $15.54.)

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Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investment Management Inc.

Price: $15.400
Owned: Yes

2017-04-21

BUY on WEAKNESS
Veresen Inc (VSN-T (Dead))

This was a Top Pick March 24/17. It has had a pretty big move in the last month or so, and is currently at a level where he doesn’t see much upside as there was. They are looking to increase the Alliance pipeline by 30%, which could be very accretive. Pays a good distribution that is getting safer. Try to add to this on a bit of a pullback.

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Greg Newman

Director & Portfolio Manager, Scotia Wealth Management

Price: $15.850
Owned: Yes

2017-03-24

TOP PICK
Veresen Inc (VSN-T (Dead))

They are looking at boosting their pipeline capacity by 30%.  They are going to alter their capital structure.  He sees 30% EPS growth.  It will be flat growth this year, however.  It is going to pay you about a 7% dividend to wait until 2019.  Decent balance sheet.  (Analysts’ target: $16.00).

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Greg Newman

Director & Portfolio Manager, Scotia Wealth Management

Price: $14.010
Owned: Yes

2017-03-22

TOP PICK
Veresen Inc (VSN-T (Dead))

He likes energy infrastructure pipelines and midstream. They are like toll booths and are worth a lot of money. This one is very much misunderstood. Everyone thought they were going to cut the dividend over the last few years. This is the old Port Chicago, which basically owned 50% of the Alliance pipeline with Enbridge, but the company has been radically transformed over the last 3-4 years, and is now a premier gas infrastructure play. One of the cheaper companies in the sector. Dividend yield of 7.4%. (Analysts’ price target is $16.)

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Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr, Lester Asset Management

Price: $13.690
Owned: Yes

2017-03-17

COMMENT
Veresen Inc (VSN-T (Dead))

He would prefer some of the alternatives, such as a Inter Pipeline (IPL-T), TransCanada (TRP-T) or Enbridge (ENB-T). This one looks expensive to him, and by a considerable amount. The one thing that attracts people is the generous yield, but that by itself is not sufficient to account for the difference in valuations.

pipelines
Michael Sprung

President, Sprung Investment Management

Price: $13.850
Owned: No

2017-02-28

TOP PICK
Veresen Inc (VSN-T (Dead))

His way of playing the energy infrastructure space. Very good assets. They have stream assets and pipeline assets. Their major asset is a 50% stake in Alliance Pipeline, which runs from the Northeast BC region down to Chicago. The Northeast BC region in the Montney and Duvernay regions is very prolific and very robust. This is cheap trading at 9.5X AFFO compared to its peers trading at 12.5X. Dividend yield of 7.38%. (Analysts’ price target is $14.88.)

pipelines
Veeral Khatri

Partner and Portfolio Manager, JC Clark

Price: $13.520
Owned: Yes

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