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 > $9.00 !!

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Comment by carp1104on Aug 16, 2022 1:11am

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Post# 34898428

RE:RE:$9.00 !!

Most people on this board would have been happy to have had Chemtrade's stock price @ $ 8.65 last week so to do the offering at this price should be seen as good. (just my opinion.) It will keep their debt level down and give them the money to expand and grow .
Although I do wonder if this is their way of saying that the sale of the North vancouver land is not going as well as hoped by some people.
I was never counting on a sale of the land so am not botherd if is does not get sold at this time.
They still hold a very valuable piece of land that will in time find a buyer.
What the market will see of the $8.65 unit price will play out over the next few weeks.

So it is just one of those suprises that happens every day on the stock market . This one will be seen as good by some (like me) and not so good by the short term holders.( Their loss if they choose to sell). You are still getting a great dividend while you wait.
As always not advice
carp1104
I cannot help but wonder about BMO giving a $9.00 price forcast ????
It did not make sense to me at the time ???

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