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

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Post by RealMVPon Dec 11, 2016 11:15am

222 Views

Post# 25582138

Way undervalued

Crazy how with nat gas prices at 2 year highs WTE is still under $30. Its main customers are exporting thermal coal like no tomorrow. Chinese monthly coal imports hit fresh 18 month highs on Wednesday (https://www.reuters.com/article/china-economy-trade-coal-idUSL4N1E31ZX).

Actually, if you correlate natural gas spot prices to WTE, the correlation is super strong. WTE is due for a dividend announcement this week based on historical announcements and I would not be shocked in a div hike due to how strong the coal market has rebounded. Fundamentals are robust and WTE should be bought with both hands under $30. Will continue its path to retest all time highs in due course.

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