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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
DON'T BUY
Value it like a bond. What could a pension fund pay for it? There are more interesting things he could buy out there.
COMMENT
Well run. He tends to play coal by owning the producers. This is a perfectly good way to play the increased demand for coal.
PAST TOP PICK
(A Top Pick May 19/10. Up 72.47%.) Probably fairly valued at this level and moving sideways.
BUY
If you’ve had a gain, it could be prudent to take some off the table. Longer term fundamentals look solid and over time there will probably be dividend increases.
WEAK BUY
Variable dividend – more volatile than the typical dividend. The actual business is a good business. Pays a not bad yield, but it is a cyclical company.
BUY
Will have to expand at some time. Very nice dividend. Yesterday a new handling agreement with Teck Resources caused an upgrade by RBC to outperform.
COMMENT
Largest coal handling terminal in the west part of the western hemisphere. Asian demand for metallurgical coal is really growing, which has helped them. Really started to run up in late 2010. Converted from an income trust to a stapled (?) unit. No debt. Got too pricey for him so sold his position.
DON'T BUY
At these levels it does not interest him and because of that he doesn’t know the balance sheet.
BUY ON WEAKNESS
Had a great run but started to go sideways. Prohibitively expensive at 23X EBITDA. Very good yield at 7.7%. Outlook for coal is good but in the danger zone. (Chinese demand remains strong.) Any misstep and you could be in trouble. Would have to come down to at least $21.
HOLD
Equityclock.ca will look at seasonality. It broke support at $23 and you will find some support at $20. It may be a place to buy some more.
DON'T BUY
He Buys when it is out of favour and Sells when it gets back into favour. A terminal with fixed capacity and the growth prospects are expanding the capacity of the terminal. Participated in coal pricing and a fractious negotiation with Tech Resources (TCK.B-T) over coal pricing. Doesn’t see a lot of upside.
BUY ON WEAKNESS
As long as the coal side is active and has some potential growth, this is one that you want to have. Would like to see it back to $20.
PAST TOP PICK
(A Top Pick Jan 28/10. Up 198.62%.) Still likes.
HOLD
Great infrastructure asset. Largest coal handling facility in the western Hemisphere. No debt. Fully valued. Would be a Buy in the $20.50 to $21 range. 7% yield.
PARTIAL SELL
Infrastructure play, particularly if you have a good outlook for coal that goes through their terminal. Yield of about 7%. Not cheap. If you own consider taking some profits.
Showing 106 to 120 of 229 entries