TSX:VSN.DB.B - Post by User
Post by
lotus1on Mar 22, 2017 9:39pm
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Post# 26017857
Top Pick
Top PickBNN Market Call March 22, 2017
Stephen Takacsy, Lester Asset Management Top Pick
VERESEN (VSN.TO 0.88%) – Core long-term holding
- One of the cheapest energy infrastructure stocks on the TSX
- Leading pure play mid-stream liquids natural gas (LNG) pipeline and processor
- Recently announced the sale of its power assets at a very attractive valuation of $1.2 billion (12x EBITDA) which will allow it to pay down debt and fund growth projects
- Also looking to increase capacity on Alliance pipeline co-owned 50/50 with Enbridge
- Free option of up to $6 per share on Jordan Cove LNG project
- Very attractive and sustainable dividend yield of 7.2 per cent, with potential to increase the dividend within a few years
Full BNN Clip
https://www.bnn.ca/video/stephen-takacsy-top-picks~1083785