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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 Chemicals
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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Comment by borne2runon Feb 25, 2020 6:10pm
225 Views
Post# 30733112

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Good morning Red

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Good morning Redsynmag wrote, 
Obvisously they didn't have enough cash to cover the distribution the last two years, but I'd be interested in knowing if they had been able to do it had they not incurred those charges.

I answered this in a post on net debt calculations. 
The answer is no.  The net debt increased by more than the total amount of the legal settlements.
And that even ignores the increase in provisions (other than legal).

Why is Chemtrade attemting to sell plants in a weak commodity market?
Because they need to reduce debt.
Unfortunately, management acquired assets in hot commodity markets (double whammy).
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