Last C$19.27 CAD
Change Today +0.04 / 0.21%
Volume 881.8K
VSN On Other Exchanges
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As of 4:00 PM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).

veresen inc (VSN) Snapshot

Open
C$19.20
Previous Close
C$19.23
Day High
C$19.32
Day Low
C$19.07
52 Week High
07/22/14 - C$19.32
52 Week Low
08/7/13 - C$11.37
Market Cap
4.2B
Average Volume 10 Days
776.3K
EPS TTM
C$0.37
Shares Outstanding
220.0M
EX-Date
07/29/14
P/E TM
52.1x
Dividend
C$1.00
Dividend Yield
5.19%
Current Stock Chart for VERESEN INC (VSN)

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veresen inc (VSN) Details

Veresen Inc. owns and operates energy infrastructure assets in North America. It operates in three segments: Pipeline, Midstream, and Power. The Pipeline segment owns a 50% interest in the Alliance Pipeline, an integrated pipeline system consisting of approximately 3,000 kilometer high pressure natural gas mainline pipeline located in Canada and the United States; a series of lateral pipelines located in Canada; the Tioga Lateral pipeline project located in North Dakota; and related infrastructure. This segment also owns a 100% interest in the Alberta Ethane Gathering System, a 1,330 kilometer pipeline that transports ethane within Alberta from various ethane extraction plants to petrochemical complexes located near Joffre and Fort Saskatchewan, Alberta. The Midstream segment operates the Hythe/Steeprock midstream gas gathering and processing complex in northwest Alberta and northeast British Columbia; and a natural gas liquids (NGL) extraction and fractionation facility that recovers ethane, propane, normal butane, iso-butane, and natural gasoline located at Channahon, Illinois. This segment also operates downstream distribution and gas facilities; NGL injection facilities in Alberta and British Columbia; and off-gas processing facility located in Fort Saskatchewan, Alberta. In addition, the Midstream segment owns Palermo conditioning plant that removes the hydrocarbon compounds; and the Prairie Rose pipeline, which gathers gas from the Palermo Conditioning Plant and other sources for delivery into the Alliance Pipeline system. The Power segment is engaged in the gas-fired, wind, and run-of-river power generation; district energy; and waste heat generation activities in Ontario, British Columbia, and the Western United States. The company was formerly known as Fort Chicago Energy Partners L.P. and changed its name to Veresen Inc. in January 2011. Veresen Inc. was founded in 1997 and is headquartered in Calgary, Canada.

Founded in 1997

veresen inc (VSN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$500.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: C$240.9K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: C$294.1K
Vice President of Jordan Cove Lng
Total Annual Compensation: C$289.5K
Compensation as of Fiscal Year 2013.

veresen inc (VSN) Key Developments

Veresen Inc. Declares Cash Dividend on Common Share for the Month of June 2014, Payable on July 23, 2014

Veresen Inc. announced that its Board of Directors has declared a cash dividend for June 2014 of $0.0833 per common share. The dividend will be paid on July 23, 2014 to shareholders of record at the close of business on June 30, 2014. This dividend is designated an 'eligible dividend' for Canadian income tax purposes.

Veresen Inc. Announces Offering of $200 Million 5 Year Medium Term Notes and Redemption of $200 Million 5.60% Senior Unsecured Notes Series 1 Due 2014

Veresen Inc. announced that it has agreed to issue $200 million aggregate principal amount of senior unsecured medium term notes, Series 4. The 2019 Notes will have a fixed interest rate of 3.06% per annum, payable semi-annually in arrears on June 13 and December 13 of each year, commencing on December 13, 2014, and will mature on June 13, 2019. The net proceeds from the offering, together with general corporate funds, will be used by Veresen to redeem all of its outstanding $200 million aggregate principal amount of 5.60% senior unsecured notes Series 1 due July 28, 2014. The offering is expected to close on or about June 13, 2014.

Veresen Inc. Appoints Theresa Jang as Senior Vice President, Finance and Chief Financial Officer

Veresen Inc. announced that Theresa Jang has been appointed Senior Vice President, Finance and Chief Financial Officer effective immediately. This appointment follows an extensive search process. Theresa Jang joined Veresen in 2006 as Controller and was appointed Vice President, Controller in 2009, a role she held until she was appointed Vice President, Finance and Risk Management in 2013. Theresa Jang was appointed Interim Chief Financial Officer in January 2014.

 

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Industry Average

Valuation VSN Industry Range
Price/Earnings 47.6x
Price/Sales 11.6x
Price/Book 4.1x
Price/Cash Flow 23.2x
TEV/Sales 7.8x
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