Post by
rehsifylf on Dec 16, 2015 3:44pm
72.5 cents US for $1 Canadian
Will hit 70 cents soon. Last year, they were distributing 55.6 cents Cdn. As of today that is now 60.7 cents Cdn. That's a 9% increase. Combined with the facts that the vast majority of the revenue and costs are in US$, their fuels costs will decline in 2016, and they should realize some operational efficiencies finally on some of the acquisitions - and it is really hard to see why this was trading at $6.26 US per share last December and $3.64 US today. I do understand why the price in US dollars has dropped (since the dividend in US$ has dropped and US interest rates are going up). But can't understand why is would drop in $Cdn dollars.
Comment by
sleapeasy on Dec 16, 2015 11:49pm
There is no dividend increase, that is a fx gain, just keeping par with .04 cents U.s and any Cdn rev will reflect currency echange loss(fx) You could have just changed all you money to Us dollars last year and made a 10% gain on the fx. If the cdn dollar were at par with U.S dollar the Cdn share price would be $3.68 and div would be .04 cents monthly
Comment by
rehsifylf on Dec 17, 2015 12:28am
Sleepers. You seem to miss the point of many posts. I'm going to assume you are trying to be obtuse here and not bother arguing the point.
Comment by
sleapeasy on Dec 17, 2015 4:34pm
No, Im not being obtuse, nor do I want to argue, just pointing out the fact that the dividend has not increased but the increase is due to the falling Canadian dollar compared to the Us dollar, thats all. Cheers