skeptics..FYIJason Mann..."This stock has been pretty weak. It is in the middle of the pack on price momentum, and valuation is not cheap either. The balance sheet is okay and you have a great yield. However, you are paying a pretty good price of 20X EV to EBITDA for a company that doesn’t have price momentum.''
Brian Madden...'His concern was on valuation and interest rate sensitivity. This does midstream natural gas processing in Western Canada. Involved in a very large transaction to buy WGL Holdings in the US for about $6 billion. The market doesn’t like the transaction and the stock traded down quite sharply when they announced the deal. This company paid way, way more in dividends than their earnings. Also, the stock is quite expensive.'
---with the above being said...probably why the SP is down.
carlos