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Veresen Inc. Message Board

  • govpur govpur Jul 18, 2013 9:52 AM Flag


    I am a new investor in VSN, by buying OTC FCGYF but thinking this is best place to get a conversation started. Been doing due diligence on this company and think it is well positioned and has a great dividend. Furthermore, I believe their LNG application will be approved and they will be immediately acquired by CVX or XOM who are really behind on LNG. Not sure how the power side of the business would affect a buyout but these assets can be spun off. Looking for some insight on VSN and appealing to this board. Good luck to Longs

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    • You still into FCGYF? I am on board now. Still quite but some decent gains the past two weeks. It is amazing that a tiny company like Veresen can own Jordan. I think they will have to a backer or buyer like Williams WMB further along. Approval for Jordan should come before Dec 2013

      • 1 Reply to e7navy1999
      • Had to sell about a month ago at a considerable loss, unfortunately. Thinking of getting back in at some point, just want to research the NGL pipeline a little more. Is there a need for it? I mean, there is better cost NGL's coming from Marcellus that may render the pipe worthless. What are your thoughts on this. When frac spreads collapsed, FCGYF went down hard with them. They have recovered somewhat but I got shook out. Next time, I want to be wiser.

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