Veresen Inc. T.VSN.DB.B

Markete liked today's 2017 update

[hawk35]

I think the point they liked the most was the payout ratio.  (Below in yellow)  It guidance means:
1. Selling the power business is not negative for the dividend
2. 2017 dividend is fully funded by the take or pay / fee for service business
3. Two projects coming online in late 2017 and the remainder coming onlne in 2018 will drop the payout ratio to below 80%.

No need for financing means they are well postioned for Jordon Cove or any other potential growth projects.

2017 Guidance

Veresen expects distributable cash in 2017 to be in the range of $1.00 to $1.14 per common share, assuming a sale of the power business at the end of the second quarter. Based on an annualized dividend of $1.00 per common share, the corresponding payout ratio would range from 88% to 100%. Importantly, Veresen expects the dividend will remain fully supported by distributable cash from its take-or-pay and fee-for-service businesses.

[pennydredful]

WAs    this   a  pump   for  the    $250M    secondary    today. ? 

[uograd]

was there a pp done last night at 12.50 per share?  i have not seen any press release to that effect but did i miss something. whatever the case, nice buying opportunity this morning

[pjn0987654321]

A friend tells me Scotia selling a block at $12.40, already closed.  Don't know how large.  Not a new offering by VSN so no halt or news release, and no dilution. 

[uograd]

i flipped out of this on monday so was not watching yeserday but i see the trading volume was around 22 milion so maybe that cross at 12.40 was done after the close. whatever it is a mystery but allowed me to trade back in this morning so whatever the case it works just fine for me.

[pennydredful]

What   does  this   seller   know    that    you   don't   ?

[Beckysboss]

Nothing !

[Beckysboss]

 Someone seems intent to manipulate the trading on this stock,  they sold a whack of stock  in a 5 min period today ,  moved the stock down to as low as $11.40 before it bounced back as buyers came in.  It had been trading around $12.51.  Either a fat finger or someone wants to scare people.  Maybe there is good news coming and they are running the stops, seen it

[Beckysboss]

 Should have mentioned this stock trade about 360k shares up to 3:35 , then they pushed it down and big volume came in , about 1.85 mill after that.  It sure looks like someone is trying to run the stops and scoop some cheap shares in the process.  Hopefully VSN isn't getting taken out,  those big crosses earlier this week are sometimes a sign of that along with the kind of

[righand2]

Wow, that sure was a stupid post. Just demonstrates how little you know about the market. The question is, do you want to own a stock that seems to have let the Jordan Cove news slip out during trading hours? Not me, but that is JMO.

[Beckysboss]

  You actually think Veresen let this slip?  Back at you , no wonder you have 350 ignores on SH. No doubt this was let out by some gov't admin person to his friends and family,  like it's never happened before.  Your the guy who sold at $9 , claiming it would never go to $10.  Real smart.