Westshore Terminals Investment Corp T.WTE

Alternate Symbol(s): WTSHF

Industrials

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

Westshore Terminals Investment Corp

Bullboard Posts

Comment by SHUMBAon Dec 10, 2015 8:40am

198 Views

Post# 24372222

RE:RE:HOW UGLY WILL THIS GET?

Red_Deer is absolutely correct...the insiders at work again, or the "chosen few". There is something else at play here. I detect a very bad odour. If volumes were 32 million metric tonnes and the dividend was 33 cents / quarter, now with a 2016 estimated volume of 24 million metric tonnes, how can they justify such a huge reduction in the dividend? I still hold some WTE, and if I have to; I will ride it into the ground rather than sell to these schmucks!! Best.............SHUMBA

Bullboard Posts

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