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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

Comment by SHUMBAon Oct 28, 2015 9:23am
116 Views
Post# 24233573

RE:RE:RE:RE:RE:ANY CHANCE THAT WARREN WILL BUY OUT WESTSHORE??

RE:RE:RE:RE:RE:ANY CHANCE THAT WARREN WILL BUY OUT WESTSHORE??Yes I recall Sunripe foods very well, as I once held SRP and did make a little profit on it. But (no pun intended) you are comparing apples to oranges as Sunripe was a relatively small fish vs. Westshore is a whale!! But one never knows. I think it would take some U.S. consortium to swallow something as large as WTE. Meanwhile I will just hang onto my WTE as I have held it since approx. 2008, one of the first equities that I bought and have enjoyed the steady dividend every since. WTE has a very good balance sheet and appears to be able to sustain the payout of 33 cents every quarter...so what is not to like?? Going forward, economies will pick up and coal shipments will increase as WTE has expanded and improved it's infrastructure. While you're at it please have a look at ECI-T, Enercare and tell me what you think. ECI has been another long term hold for me, six cents per month divvy (approx. 6% yield). Best........SHUMBA
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