Last $14.00 USD
Change Today 0.00 / 0.00%
Volume 0.0
VNRCF On Other Exchanges
Symbol
Exchange
Toronto
OTC US
As of 8:10 PM 10/20/14 All times are local (Market data is delayed by at least 15 minutes).

valener inc (VNRCF) Snapshot

Open
$14.00
Previous Close
$14.00
Day High
$14.00
Day Low
$14.00
52 Week High
06/25/14 - $14.91
52 Week Low
10/9/14 - $13.99
Market Cap
532.5M
Average Volume 10 Days
141.6
EPS TTM
--
Shares Outstanding
38.0M
EX-Date
09/26/14
P/E TM
--
Dividend
$1.00
Dividend Yield
6.55%
Current Stock Chart for VALENER INC (VNRCF)

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valener inc (VNRCF) Details

Valener Inc., through its 29% interest in Gaz Métro Limited Partnership, distributes natural gas to industrial and residential markets in Canada. The company is also involved in the provision of underground natural gas storage services; electricity distribution activities in Vermont; supply of system gas; operation of two gas pipelines; and sale of energy-related goods and services. It also has a 24.5% indirect interest in the Seigneurie projects that comprise wind power projects, which are located on the private lands of Séminaire de Québec. Valener Inc. was incorporated in 2010 and is headquartered in Montréal, Canada.

Founded in 2010

valener inc (VNRCF) Top Compensated Officers

Chief Executive Officer of Gaz Métro Inc and ...
Total Annual Compensation: C$528.9K
Chief Financial Officer of Gaz Métro Inc and ...
Total Annual Compensation: C$312.0K
Compensation as of Fiscal Year 2013.

valener inc (VNRCF) Key Developments

Valener Provides Dividend Guidance for the Fiscal 2015

Valener announced that its will maintain at $1.00 per share the dividend paid to its shareholders during fiscal 2015.

Valener Declares Dividend on Common Share for the Quarter Ending September 30, 2014 and Preferred Share, for the Period of July 16, 2014 to October 15, 2014, Payable on October 15, 2014

Valener Inc. announced that its Board of Directors has declared a quarterly dividend of $0.25 per common share for the quarter ending September 30, 2014. The dividend is payable on October 15, 2014 to common shareholders of record at the close of business on September 30, 2014. The Board of Directors also declared a quarterly dividend of $0.271875 per Series A cumulative rate reset preferred share, for the period of July 16, 2014 to October 15, 2014, payable on October 15, 2014 to preferred shareholders of record at the close of business on October 8, 2014. Both dividends are designated as eligible dividends for Canadian tax purposes.

Valener Inc Announces Earnings Results for the Third Quarter and Nine Months Ended June 30, 2014

Valener Inc. announced earnings results for the third quarter and nine months ended June 30, 2014. For the third quarter of fiscal 2014, on a recurring basis, Valener recorded a net loss attributable to common shareholders of $1.7 million or $0.04 per common share compared to a net loss of $0.2 million or $0.01 per common share for the same period last year. As expected, this decrease essentially reflects a reversal of part of the increase in net income generated by Gaz Métro's natural gas distribution activities in Quebec during the first six-month period given the seasonal nature of its operations. For the third quarter of fiscal 2014, Valener recorded normalized operating cash flows of $11.6 million or $0.31 per common share. These cash flows were sufficient to cover the dividend payment made to common shareholders during the third quarter of fiscal 2014 even though the Seigneurie de Beaupré Wind Farms 2 and 3 General Partnership has not yet begun making distributions to its partners. For the first nine months of fiscal 2014, the company recorded recurring net income attributable to common shareholders of $43.2 million or $1.14 per common share, up $5.1 million or $0.13 per common share compared to the same period last year. This performance reflects higher natural gas and electricity deliveries by Gaz Métro in Quebec and Vermont as well as the synergies achieved from integrating the operations of Green Mountain Power (GMP) with those of Central Vermont Public Service (CVPS). Normalized operating cash flows was $28.0 million compared with $29.9 million for the same period a year ago.

 

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VNRCF

Industry Average

Valuation VNRCF Industry Range
Price/Earnings 14.6x
Price/Sales 10.6x
Price/Book 0.9x
Price/Cash Flow 13.2x
TEV/Sales 7.5x
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