Veresen Inc

VSN-T

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This company is not ACTIVE.

Analysis and Opinions about VSN-T

Signal
Opinion
Expert
COMMENT
COMMENT
August 16, 2013

He is looking at this one because they have the possibility of participating in an LNG plant, one of the 1st ones to kick in. If they get the LNG plant, this is one he wants to own. This would be very good for earnings. His company is neutral on it with a target of $13.40.

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Veresen Inc (VSN-T)
August 16, 2013

He is looking at this one because they have the possibility of participating in an LNG plant, one of the 1st ones to kick in. If they get the LNG plant, this is one he wants to own. This would be very good for earnings. His company is neutral on it with a target of $13.40.

BUY
BUY
July 29, 2013

Feels that fears of a cut in dividends are probably overdone. Cash flow appears to be bottoming. Seem to be making pretty good progress on recontracting the Alliance pipeline. Doesn’t have that much sensitivity to a move in bond yields in the next few years.

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Veresen Inc (VSN-T)
July 29, 2013

Feels that fears of a cut in dividends are probably overdone. Cash flow appears to be bottoming. Seem to be making pretty good progress on recontracting the Alliance pipeline. Doesn’t have that much sensitivity to a move in bond yields in the next few years.

COMMENT
COMMENT
July 24, 2013

Holds a little. Not his favourite in energy infrastructure because the stock held in very well compared to the peer group which sold off. Gives you an above average yield. Payout ratio is hovering around 100%. Some concern with respect to their Alliance pipeline which accounts for about 60% of EBITDA. It is fully contracted, but shippers have the option of not remaining on the pipeline in 2015. Company is working hard to re-contract which he ultimately thinks will be successful. Also have some commodity price exposure in that they have a minority interest in Aux Sable a facination facility in the US. Feels the 8.1% dividend yield is sustainable.

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Veresen Inc (VSN-T)
July 24, 2013

Holds a little. Not his favourite in energy infrastructure because the stock held in very well compared to the peer group which sold off. Gives you an above average yield. Payout ratio is hovering around 100%. Some concern with respect to their Alliance pipeline which accounts for about 60% of EBITDA. It is fully contracted, but shippers have the option of not remaining on the pipeline in 2015. Company is working hard to re-contract which he ultimately thinks will be successful. Also have some commodity price exposure in that they have a minority interest in Aux Sable a facination facility in the US. Feels the 8.1% dividend yield is sustainable.

COMMENT
COMMENT
July 20, 2013

Can’t speak to the quality of the 8% dividend but this is one that he has owned for a long time. He is neutral on the stock.

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Veresen Inc (VSN-T)
July 20, 2013

Can’t speak to the quality of the 8% dividend but this is one that he has owned for a long time. He is neutral on the stock.

DON'T BUY
DON'T BUY
July 19, 2013

Has been attractive from a yield standpoint but depends a great deal on pipeline throughput and their processing plant near Chicago. Feels opportunities for this company are limited. Prefers others in the pipeline sector. Very attractive dividend yield of 8% but there are safer places to put your money.

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Veresen Inc (VSN-T)
July 19, 2013

Has been attractive from a yield standpoint but depends a great deal on pipeline throughput and their processing plant near Chicago. Feels opportunities for this company are limited. Prefers others in the pipeline sector. Very attractive dividend yield of 8% but there are safer places to put your money.

HOLD
HOLD
July 16, 2013

This company has a stake in Alliance Pipelines which has had quite a few people filling their pipe right now. Generally not the strongest name in the pipeline area but it is a decent name and he doesn’t see a risk.

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Veresen Inc (VSN-T)
July 16, 2013

This company has a stake in Alliance Pipelines which has had quite a few people filling their pipe right now. Generally not the strongest name in the pipeline area but it is a decent name and he doesn’t see a risk.

DON'T BUY
DON'T BUY
May 7, 2013

Attractive yield of 7.2% and it should be safe. Although she likes the pipeline space, there are better alternative investments in pipelines that have better earnings visibility and cash flow growth and have the ability to increase their dividends at a much faster pace.

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Attractive yield of 7.2% and it should be safe. Although she likes the pipeline space, there are better alternative investments in pipelines that have better earnings visibility and cash flow growth and have the ability to increase their dividends at a much faster pace.

SELL
SELL
May 2, 2013

(Market Call Minute) It is going to be in a trading range.

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(Market Call Minute) It is going to be in a trading range.

PAST TOP PICK
PAST TOP PICK
March 15, 2013

(A Top Pick Feb 29/12. Up 8%.) Preferred A series 4.4%.

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Veresen Inc (VSN-T)
March 15, 2013

(A Top Pick Feb 29/12. Up 8%.) Preferred A series 4.4%.

COMMENT
COMMENT
March 12, 2013

Long-term, this stock price could still be in the $12-$13 range in 5 years, but you’ll be clipping your 8% dividend yield. A good place to be. They are a mid-streamer owning part of the Alliance pipeline which is a more stable part of their business. Have some growth projects with an LNG facility in Oregon that the market is a little concerned with. $12.50 is probably a good entry point if you’re looking to just clip coupons.

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Veresen Inc (VSN-T)
March 12, 2013

Long-term, this stock price could still be in the $12-$13 range in 5 years, but you’ll be clipping your 8% dividend yield. A good place to be. They are a mid-streamer owning part of the Alliance pipeline which is a more stable part of their business. Have some growth projects with an LNG facility in Oregon that the market is a little concerned with. $12.50 is probably a good entry point if you’re looking to just clip coupons.

DON'T BUY
DON'T BUY
March 11, 2013

(Market Call Minute.) Exposed to gas volumes and fractionation spreads and both have been weak for them. Quarter was in line but not particularly robust.

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Veresen Inc (VSN-T)
March 11, 2013

(Market Call Minute.) Exposed to gas volumes and fractionation spreads and both have been weak for them. Quarter was in line but not particularly robust.

BUY
BUY
January 21, 2013

Thinks NGL pricing should grab a bid towards the end of this year when propane starts getting exported. 7.95% dividend is probably sustainable. $14 target price. Has been buying at around $12.

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Veresen Inc (VSN-T)
January 21, 2013

Thinks NGL pricing should grab a bid towards the end of this year when propane starts getting exported. 7.95% dividend is probably sustainable. $14 target price. Has been buying at around $12.

TOP PICK
TOP PICK
January 15, 2013

This has been beaten up. Yield of 8.3%. Cheap trading at an enterprise value to EBITDA of 8 times versus the group of 12.5 times. Cheapest energy infrastructure play out there. Doesn’t think there is a risk of a dividend cut. Thinks concerns are overstated. P/E ratio of 52%. You could have a return of 19%-20%.

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Veresen Inc (VSN-T)
January 15, 2013

This has been beaten up. Yield of 8.3%. Cheap trading at an enterprise value to EBITDA of 8 times versus the group of 12.5 times. Cheapest energy infrastructure play out there. Doesn’t think there is a risk of a dividend cut. Thinks concerns are overstated. P/E ratio of 52%. You could have a return of 19%-20%.

BUY
BUY
December 31, 2012

Usually you get two legs down and they may be completed. Support in the low $11s. Probably the down trend is over.

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Veresen Inc (VSN-T)
December 31, 2012

Usually you get two legs down and they may be completed. Support in the low $11s. Probably the down trend is over.

DON'T BUY
DON'T BUY
October 25, 2012

They are essentially paying out all of their earnings as dividends. They aren't retaining enough capital to growth the company and/or the dividend over time.

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Veresen Inc (VSN-T)
October 25, 2012

They are essentially paying out all of their earnings as dividends. They aren't retaining enough capital to growth the company and/or the dividend over time.

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