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
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
COMMENT
Veresen Inc(VSN-T (Dead)) 

October 31, 2017

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.

pipelines

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.

pipelines
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$18.510
Owned Owned
Unknown

HOLD
Veresen Inc(VSN-T (Dead)) 

August 29, 2017

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.

pipelines

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.

pipelines
Colin Stewart

CEO & Portfolio manager, JC Clark Investments...

PricePrice
$17.330
Owned Owned
Unknown

HOLD
Veresen Inc(VSN-T (Dead)) 

August 23, 2017

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.

pipelines

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.

pipelines
Douglas Kee

Chief Investment Officer, Leon Frazer & Associ...

PricePrice
$17.480
Owned Owned
Unknown

COMMENT

(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.

pipelines

(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.

pipelines
David Burrows

President & Chief Investment Strategist, Barometer Capital Ma...

PricePrice
$18.220
Owned Owned
Yes

PAST TOP PICK

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

pipelines

(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...

PricePrice
$18.510
Owned Owned
No

COMMENT

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.

pipelines

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.

pipelines
Bruce Campbell (1)

President, Campbell and Lee Inv...

PricePrice
$18.720
Owned Owned
Unknown

COMMENT

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.

pipelines

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.

pipelines
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Manageme...

PricePrice
$18.710
Owned Owned
Unknown

COMMENT

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.

pipelines

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.

pipelines
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$18.450
Owned Owned
No

HOLD

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

pipelines

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

pipelines
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$18.130
Owned Owned
No

TOP PICK
Veresen Inc(VSN-T (Dead)) 

April 26, 2017

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.)

pipelines

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.)

pipelines
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investm...

PricePrice
$15.400
Owned Owned
Yes

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

April 21, 2017

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.

pipelines

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.

pipelines
Greg Newman

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$15.850
Owned Owned
Yes

TOP PICK
Veresen Inc(VSN-T (Dead)) 

March 24, 2017

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).

pipelines

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).

pipelines
Greg Newman

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$14.010
Owned Owned
Yes

TOP PICK
Veresen Inc(VSN-T (Dead)) 

March 22, 2017

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.)

pipelines

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.)

pipelines
Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr, Lester Asset Managem...

PricePrice
$13.690
Owned Owned
Yes

COMMENT
Veresen Inc(VSN-T (Dead)) 

March 17, 2017

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

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 Ma...

PricePrice
$13.850
Owned Owned
No

TOP PICK
Veresen Inc(VSN-T (Dead)) 

February 28, 2017

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

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...

PricePrice
$13.520
Owned Owned
Yes

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