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Westshore Terminals Investment Corp T.WTE

Alternate Symbol(s):  WTSHF

Westshore Terminals Investment Corporation is a Canada-based company, which owns all of the limited partnership units of Westshore Terminals Limited Partnership (Westshore). The Company invests in Westshore by way of distributions on Westshore's limited partnership units. Westshore operates a coal storage and unloading/loading facility at Roberts Bank, British Columbia. Westshore receives handling charges from its customers for throughput volume. Coal is delivered to the Terminal in unit trains operated by Canadian Pacific Railway, BNSF Railway, and Canadian National Railway. The product is unloaded and either directly loaded onto a ship or stockpiled for future ship loading. The loaded ships are then destined around the globe to approximately 16 different countries. Westar Management Ltd. (the Manager) provides management services to Westshore and administrative services to the Company. The manager also provides insurance and vehicle leasing services to the Company.


TSX:WTE - Post by User

Post by packerdriveron May 08, 2024 11:08pm
191 Views
Post# 36030333

BACK IN !

BACK IN !
Made money with Jimmy before...never fallen in love with WTE and sold for a good gain before.
You could not build a termainal like this again on Georgia Strait if you tried....it's as "priceless" as a railroad....this asset will be worth 30 bucks a share again....and making 6% on my money while I wait for it to get back there suits me just FINE. It might take a couple of years and that suits me just fine too.
For some reason the TSX seems littered with these "one trick ponies" focused businesses (easy to understand/analyse) that pay big dividends that are in the gutter right now....my only problem is figuring what to sell to raise the cash to buy them (RSI, CAS, SPB)... GLTAL and glad to be back in!
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