TSX:VSN.DB.B - Post by User
Comment by
pjn0987654321on Feb 10, 2016 3:04pm
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Post# 24544785
RE:RE:6.81 now
RE:RE:6.81 now"be like a toll booth and get paid regardless."
That's what I thought. From the guidance in Dec -
"Our business is supported almost entirely with long-term take-or-pay or fee-for-service contracts with no direct commodity exposure," said Don Althoff, President and CEO of Veresen. "Through the successful re-contracting of the Alliance Pipeline and the addition of other fee-based infrastructure over the last year, we expect to support our current dividend payout in 2016 without relying on any contribution from NGL margins."
It sounds like there are long term contracts in place and they are not relying on their NGL margins.