Veresen Inc. T.VSN.DB.B

overreaction yes but not unexpected

[uograd]

Reality is markets always like to be divas when things like this happen and go to the extreme.

I picked up more.  Hard to beat this dividend and in due course this too shall pass and we will trade based on our current product which should be in the area of $9.00.

selloff in oil this morning is not exactly helping but c'est la vie.  markets go up, markets go down.

[Beckysboss]

  If you see the Cdn market rebound a bit this year with the price of oil as some are expecting than I bet you will see VSN in that $10-12 price range.  The dividend is secure and that will attract buyers,  when the alternative to the market is GIC's at 1% and you benefit from the dividend tax credit  folks will be back.  All Cdn stocks were hit this past year as U.S

[Sukhi19]

Becky, You are right. Even market's darling IPL is down 32 cents. Without the news also VSN would have gone down in consonance with the market. I also added a few at $7.55 in our TFSA accounts. I am willing to accept a 30-50% cut in dividend (If required).

[righand2]

IPL is own less than 1%, VSN is down 12%. Nice comparison.

[righand2]

I look at it this way. If VSN cut their dividend to be in line with their peers, they would pay out about 65 cents. So at your $9 target, that would be a yield of 7.2%, which wouldn't be too far off considering their growth profile going forward. So I tend to agree with your thoughts, and that is why I bought a few this morning. I had ZERO faith in Jordan Cove, so for me it was a non-event.