Valener Inc VNRCF

Utilities Utilities - Diversified

"Valener Inc is an investment holding company engaged in the regulated energy business in the United States and Canada through Gaz Metro. Its core business operations involve natural gas distribution in Quebec and Vermont as well as electricity distribution in Vermont. The company through its subsidiaries holds the interest in wind farm business. It serves more than 200,000 customers in Quebec and over 310,000 customers in Vermont."

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Valener Inc > This offer is way too Cheap

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Comment by SargeXon Mar 28, 2019 1:25pm

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Post# 29549311

RE:RE:RE:This offer is way too Cheap

Forgot to add that the $2.74 premium is equivalent to about 2.25 years so I can take me time replacing the divs.

Another thing to consider is that the $26 is $6.66 hiher than the $19.34 Jan 1st price so the caps gains just this year are over 6 years worth of dividends.

Ciao

SargeX wrote: Seemed like a really good premium to me so I sold my 1780 shares for the $26.

I'm a retiree and my wife and I live entirely off dividend income and CPP/OAS. I'll miss the divy but will find a new home for the cash - maybe I'll add to my ENB or EMA or something like that.

I doubt a higher offer will be made but good luck.

Ciao
Sarge