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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 20 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 SHUMBAon Apr 01, 2014 6:24pm
229 Views
Post# 22398000

REMEMBER, I SAID SUPPORT @ THIRTY FOUR..ALMOST THERE

REMEMBER, I SAID SUPPORT @ THIRTY FOUR..ALMOST THEREIn my earlier comment, I stated the market has overreacted to "what-ever" with Westshore Terminals.
This is a fine company, and very well managed.  Sure, I would like to see a dividend increase, but I prefer the "steady Eddy" approach....i.e. they ship more coal = increase in the payout.
Again, support at thirty four, and likely will go higher, as I predict a higher dividend based on volume of coal shipped and S/P of close to forty by year's end.
(I called BNN "market call" yesterday to ask Michael Smedley his thoughts and opinons about WTE, but said they could not offer anything for Westshore, so I did ask him about Crescent Point Energy.)
Go to T.CPG if you want to see what he had to say.
 
J.M.H.O.
Best...............SHUMBA

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