TSX:CHE.DB.E - Post by User
Post by
uogradon Nov 07, 2022 6:34pm
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Post# 35080415
open at 9 tomorrow distribution will be increased
open at 9 tomorrow distribution will be increasedSo several things here. Quarter was a blowout of epic proportion with a payout ratio now of 20 per cent
the key though is that by confirming the significant increase in ebitda they are showing that the worry over the rail strike was overblown as it was settled in a day. they may have a few one times costs but the impact in both q4 and then beyond will be negligible,
They have not mentioned where they are in sales process of vancouer port land so they will save that for the investor day on the 18th when they increase their distribution not back to .10 but probably to .06 or .07
all systems are green and firing on all cylinders.