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Valener Inc VNRCF

"Valener Inc is an investment holding company engaged in the regulated energy business in the United States and Canada through Gaz Metro. Its core business operations involve natural gas distribution in Quebec and Vermont as well as electricity distribution in Vermont. The company through its subsidiaries holds the interest in wind farm business. It serves more than 200,000 customers in Quebec and over 310,000 customers in Vermont."


OTCPK:VNRCF - Post by User

Comment by Nbskon May 10, 2018 3:08pm
163 Views
Post# 28013724

RE:A must have for your portfolio

RE:A must have for your portfolioAgreed. On the conf call they reconfirm the dividend growth target of 4%, and that was the worry that drove the stock down from 22.5 to 20.5 in my opinion. The change in U.S. Taxation of LP hit them all pipes for 10% haircut because it involved the deductability of interests in their structure. A big deal! The CFO said for them it was not material enough to impact guidance. I’m expecting VNR to recover the lost ground because of the relief on this issue and it’s great growing dividend.
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