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TSE:WTE

Westshore Terminals Inc. (WTE.TO)

38.76
-0.21 (0.54%)
as of Jun 19, 2026, 8:00:00 pm Market Open.
111 watching
0
PAST TOP PICK
(A Top Pick Oct 29/08. Up 30.96%.)
WAIT
40% of volumes are Tech. Contracts have not been settled. There is uncertainty. At 12 or 12.50 it is a pretty good buy, but at present it is fairly valued. Wait for contracts to be settled. May trim distributions on conversion to corporation.
TOP PICK
10% yield. Is a terminal for coal. Largest in Canada and one of the largest in the world. It’s important that coal has held up. No debt. 25% cash. Great story. It’s a tollbooth. Everything that goes through it makes money.
HOLD
Coal shipping terminals and main customer is Teck Resources (TCK.B-T). Contract allowed them to take some of the upside in coal prices, so benefited tremendously from the run-up. Contract now up for renewal and the fear is that Teck will try to get a lot of concessions. Attractive yield, which they can support over the next couple of years but there could be a reduction of 20%-25% when they have to convert in 2011.
DON'T BUY
(Market Call Minute) Lot of Teck (TCK.B-T) exposure. Have to figure out what the contract with Teck is going to be.
TOP PICK
Stores and ships coal overseas. Thinks there is a real ramp up coming for metallurgical coal from overseas. Shipping 12 million tons but can ship 29 million once the new expansion is done. No debt. 8.3% is very sustainable.
COMMENT
Had a nice run based on continuing strength of coal markets because of steel demands from China. As long as that continues you could see this start to run. A good way to play the China story. Distribution is quite safe. No debt. 8.25% yield.
SELL
Closely tied to the demand for coal. If you own, consider taking some profit, as he is not sure how sustainable the current demand is and if the economy is strong enough to maintain the prices.
BUY
Excellent infrastructure business trust. Handle all the coal coming out of Alberta and BC. Distribution is set quarterly and is tied to the price of coal and volume. At the end of the year they top it up. No debt. Would be a good acquisition for a pension fund.
BUY ON WEAKNESS
Most coal has to go through this company's terminals. $75 million in cash. Huge dividend. Slightly expensive at this point and he would prefer in the $8-$9 range. 8.8% distribution yield.
TOP PICK
This is where all the coal has to go through to get to the rest of the world. $75 million in cash and debt free. If metallurgical coal got down to $80 or $90 this is a great asset but the coal price came down at $130, which is great for this. Yielding 11%.
DON'T BUY
Has taken a thrashing because of coal prices. Need an economic turnaround to see improvement. May have some trouble with their 23.6% distribution.
BUY ON WEAKNESS
Coal distribution terminal in BC. A key piece of global infrastructure. No debt. Throughput is declining as a result of weak demand for metallurgical coal. Statistics of China indicate steel production is rising. Coal prices are being negotiated and use this as a point to Buy.
BUY
(Market Call Minute.) Expectations for lower coal prices and shipments are overdone.
BUY
Great infrastructure asset. No long-term debt. People are concerned a bit about the price of met coal but the price the stock has dropped is a very steep discount to that price. At this level he is a buyer. Thinks the 18% yield is already priced into the stock.
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