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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Biomaven who wrote (179942)	8/8/2013 7:22:28 AM
From: Mike K	Read Replies (2) \| Respond to of 206202

Peter; I owned Veresen several years ago when it was known as Fort Chicago. It's ok. Not sure if the dividend is sustainable. In the same Canadian space, have a look at Altagas (ALA.TO) and Keyera (KEY.TO). Both are well run businesses. I own these in family accounts. Bought both about 2 years ago. Much lower yields, but better assets and better long term investments imo . altagas.ca keyera.com Cheers, Mike

To: Biomaven who wrote (179942)	8/8/2013 11:09:04 PM
From: 22jt	Read Replies (1) \| Respond to of 206202

VSN I got a whole bunch.. ....... CG on VSN : HIGH PROJECT DEVELOPMENT COSTS REDUCE CASH FLOW ESTIMATES Investment recommendation Veresen reported second quarter recurring cash flow of $0.23 per share, below our $0.27 estimate and the $0.29 consensus estimate. We note that the company generated $4.2 million, or just over $0.02 of marginbased lease revenue at Aux Sable in the second quarter that it did not recognize. The Hythe/Steeprock natural gas processing facilities, the Alberta Ethane Gathering System and Alliance Pipeline all delivered cash flow above that recorded in the second quarter of 2012. As expected, continued low ethane and propane-plus margins negatively impacted cash flow in the second quarter; however, if frac spreads remain at current levels or improve during the remainder of the year, we expect the company could recognize an incremental $0.10 of marginbased cash flow in the second half of the year. The company has narrowed its 2013 distributable cash flow guidance range, raising the lower end of the range by $0.03. The new guidance range stands at $1.00-1.15 per share versus $0.97-1.15 per share, previously. However, business development costs are expected to reach ~$31 million in 2013, which is materially above our forecast. We suspect that with the development opportunities management is currently evaluating in the Midstream and Power divisions, as well as the Jordan Cove LNG project, the high level of project development costs may continue for some time, reducing our cash flow per share estimates. We are lowering our 2013 and 2014 CFPS estimates by $0.10 for each year to $1.10 and $1.20, respectively, from $1.20 and $1.30 to reflect the impact of higher than expected project development costs. As a result of this reduction and the impact on our net asset value estimate, we are reducing our target price to C$13.50 from C$14.00. We continue to rate the stock a BUY. We believe the stock has seen some weakness due to bond yield increases and continued concern over the sustainability of the company’s $1.00 dividend. More.....11 pages research.canaccordgenuity.com also : IPL.UN research.canaccordgenuity.com