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Ceres Global Ag Corp T.CRP

Alternate Symbol(s):  CERGF

Ceres Global Ag Corp. and its subsidiaries serve agricultural, energy and industrial supply chains through efficient sourcing, storing, transporting and marketing of high-quality agricultural commodities, value-added products and raw materials. Its segments include Grain, Supply Chain Services, and Seed Retail and Processing. The Grain segment is engaged in grain procurement and merchandising of specialty grains and oilseeds, such as oats, barley, rye, hard red spring wheat, durum wheat, canola, and pulses. The Supply Chain Services segment utilizes the Company’s facilities to provide logistics services, storage, and transloading for commodities and industrial products. The Seed Retail and Processing segment is engaged in soybean crush, and seed distribution in western Canada. It operates 11 locations across Saskatchewan, Manitoba, and Minnesota. These facilities have an aggregate grain and oilseed storage capacity of approximately 29 million bushels.


TSX:CRP - Post by User

Bullboard Posts
Comment by fasteddy0043on Jun 27, 2017 9:33pm
42 Views
Post# 26411822

RE:share price falls due to write-offs offsetting earnings

RE:share price falls due to write-offs offsetting earningsI look at management as being V.N. Captial,and they already own to much of the company. Continuing the buyback,sure,as long as the purchase price is below the Rights offering of $5.85.. Not interested in any dividend,funds was raised to ship grains and oil. Much more will have to be invested to ship oil which I don't think will happen with today's oil price. However Steel Reef was talking to Ceres over a year ago about shipping gas products ,something may happen there or hopefully somewere. Steel Reef handles gas for CRESCENT Point and Vermillion energy and they're close to Northgate..Having only one customer in that area, Parkland Fuel, don't give Ceres much pricing power. Parkland Fuel does pay a decent dividend. Chesswood (chw) pays a great dividend.
Bullboard Posts