Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures T.CHE.DB.E

Alternate Symbol(s): CGIFF | T.CHE.UN | T.CHE.DB.G | T.CHE.DB.H

Chemicals Basic Materials

Chemtrade Logistics Income Fund is a Canada-based company that operates a diversified business providing industrial chemicals and services to customers in North America and around the world. The Company's segments include Sulphur and Water Chemicals (SWC), and Electrochemicals (EC). SWC segment markets, removes and/or produces merchant, Regen and sulphuric acid, sodium hydrosulphite, elemental sulphur, liquid sulphur dioxide, hydrogen sulphide, sodium bisulphite, and sulphides, and provides other processing services. This segment also manufactures and markets a variety of inorganic coagulants used in water treatment, including aluminum sulphate, and a number of specialty chemicals, including sodium nitrite. EC segment manufactures and markets sodium chlorate and chlor-alkali products including caustic soda, chlorine and HCl, largely for the pulp and paper, oil and gas and water treatment industries. These products are marketed primarily to North American and South American customers.

TSX:CHE.DB.E - Post by User

Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures

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Post by aboutoilon Aug 14, 2019 10:00am

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Post# 30026652

$12 target and buy recommendations by TD and Scotia

TD:
We reiterate our BUY recommendation, as we continue to believe that Chemtrade's current dividend remains sustainable and is unlikely to get cut. We expect gradually improving results over time and believe that patient investors will be rewarded.

Our BUY rating and $12.00 target price are unchanged.

Scotia:
OUR TAKE: Positive. Chemtrade posted Q2/19 Adj. EBITDA of $91M, slightly above both our $90M estimate andconsensus of $89M. This compares to $84M last quarter and $74M in Q2/18
We reiterate our Sector Outperform rating and $12.00 price target.

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