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Veresen Inc. TSX VSN OTC FCGYF www.vereseninc.com Fiscal Yr: 31-Dec
Year 12/31/05 12/31/06 12/31/07 12/31/08 12/31/09 12/31/10 12/31/11 12/31/12 12/31/13 12/31/14 12/31/15 12/31/16 12/31/17 12/31/18 12/31/19 Value Description #Y Item
Accounting Rules C GAAP C GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP Accounting Rules
$456 <-12 mths -1.81%
Other Income $143.3 $163.3 $161.9 $195.0 $270 $270.0 $270.0 $270.0 65.34% <-Total Growth 4 Other Income
Operation Revenue $879.71 $563.11 $589.22 $701.43 $649.13 $694.44 $809.98 $264.2 $324.7 $302.2 $187.0 $53 $98.6 $72.3 $47.0 -90.59% <-Total Growth 10 Operation Revenue
Revenue* $879.71 $563.11 $589.22 $701.43 $649.13 $694.44 $809.98 $407.5 $488.0 $464.1 $382.0 $323 $368.6 $342.3 $317.0 -42.64% <-Total Growth 10 Revenue
Increase 12.68% -35.99% 4.64% 19.04% -7.46% 6.98% 16.64% -49.69% 19.75% -4.90% -17.69% -15.45% 14.12% -7.14% -7.39% -5.41% <-IRR #YR-> 10 Revenue -42.64%
5 year Running Average $666.44 $702.83 $676.52 $639.47 $688.84 $652.5 $609.8 $572.8 $510.3 $413 $405.1 $376.0 $346.6 -16.80% <-IRR #YR-> 5 Revenue -60.12%
Revenue per Share $6.78 $4.30 $4.47 $5.23 $4.65 $4.37 $4.84 $2.06 $2.42 $1.63 $1.28 $1.03 $1.18 $1.09 $1.01 -5.18% <-IRR #YR-> 9 5 yr Running Average #DIV/0!
Increase -4.59% -36.65% 4.11% 16.89% -11.03% -6.06% 10.71% -57.43% 17.57% -32.78% -21.53% -19.39% 14.12% -7.14% -7.39% -9.73% <-IRR #YR-> 5 5 yr Running Average -40.06%
5 year Running Average $5.56 $5.58 $5.09 $4.61 $4.71 $4.23 $3.67 $3.06 $2.45 $1.68 $1.51 $1.24 $1.12 -13.31% <-IRR #YR-> 10 Revenue per Share -76.04%
P/S (Price/Sales) Med 1.84 2.58 2.41 1.75 1.80 2.56 2.86 6.56 5.34 10.41 10.73 9.87 -26.62% <-IRR #YR-> 5 Revenue per Share -78.72%
P/S (Price/Sales) Close 1.77 2.65 2.42 1.38 2.14 2.72 3.16 5.74 5.89 11.28 6.93 12.73 13.01 14.01 15.30 -12.43% <-IRR #YR-> 9 5 yr Running Average #DIV/0!
*Revenue in M CDN$ (Operating Revenues and Equity Income P/S 10 yr  4.45 5 yr  6.93 192.22% Diff M/C -18.61% <-IRR #YR-> 5 5 yr Running Average -64.28%
$1.07 <-12 mths -4.46%
Distributible Cash $1.08 $1.16 $1.35 $1.20 $1.10 $1.23 $1.18 $1.09 $1.14 $1.12 $1.06 $1.15 $1.04 -0.86% <-Total Growth 10 AFFO
Increase 22.65% 7.11% 16.38% -11.11% -8.33% 11.82% -4.07% -7.63% 4.59% -1.75% -5.36% 8.49% -9.57% -0.09% <-IRR #YR-> 10 AFFO -0.86%
AFFO Yield 9.0% 10.2% 12.5% 16.6% 11.0% 10.4% 7.7% 9.2% 8.0% 6.1% 12.0% 8.8% 6.8% -0.51% <-IRR #YR-> 5 AFFO -2.54%
5 year Running Average $0.81 $0.91 $1.06 $1.14 $1.18 $1.21 $1.21 $1.16 $1.15 $1.15 $1.12 $1.11 $1.10 2.01% <-IRR #YR-> 10 5 yr Running Average 22.04%
Payout Ratio 87.26% 80.17% 69.70% 83.33% 90.91% 81.30% 84.74% 91.74% 87.72% 89.28% 94.34% 86.95% 96.15% -1.71% <-IRR #YR-> 5 5 yr Running Average -8.25%
5 year Running Average 94.77% 90.45% 83.09% 81.96% 81.72% 80.64% 81.53% 86.20% 87.10% 86.80% 89.44% 89.92% 90.74% 84.65% <-Median-> 10 Payout 5 yr Running Average
Price/AFFO Median 11.50 9.56 7.99 7.63 7.60 9.11 11.71 12.40 11.34 15.14 12.93 8.84 13.58 10.23 <-Median-> 10 P/AFFO Med
Price/AFFO High 13.39 10.94 8.66 9.53 9.14 10.58 13.01 14.33 12.52 17.51 17.80 11.83 14.82 12.18 <-Median-> 10 P/AFFO High
Price/AFFO Low 9.60 8.19 7.32 5.72 6.05 7.64 10.42 10.47 10.17 12.77 8.06 5.85 12.35 7.85 <-Median-> 10 P/AFFO Low
Price/AFFO Close 11.07 9.80 8.03 6.02 9.07 9.66 12.97 10.85 12.52 16.39 8.36 11.40 14.70 10.26 <-Median-> 10 P/AFFO Close
Trailing P/AFFO Close 13.58 10.50 9.34 5.35 8.32 10.80 12.44 10.03 13.09 16.11 7.91 12.37 13.30 10.41 <-Median-> 10 Trailing P/AFFO Close
Adjusted Funds From Operations DPR 10 Yrs 87.33% 5 Yrs   89.28% P/CF 5 Yrs   in order 12.40 14.33 10.17 11.40 18.57% Diff M/C 43.77% Diff M/C 10 DPR 75% to 95% best
Adjusted Net Income $0.22 $0.27 $0.14 $0.19 0.19 $0.41 $0.59 $0.69 #DIV/0! <-Total Growth 4 Adjusted EPS
Increase 22.73% -48.15% 35.71% 0.00% 115.79% 43.90% 16.95% -3.60% <-IRR #YR-> 4 Adjusted EPS #DIV/0!
Adjusted EPS Yield 1.86% 1.89% 0.76% 2.14% 1.45% 2.68% 3.86% 4.46% -3.60% <-IRR #YR-> 4 Adjusted EPS Yield #DIV/0!
5 year Running Average $0.20 $0.24 $0.30 $0.41 #NUM! <-IRR #YR-> 10 5 yr Running Average #DIV/0!
Payout Ratio 454.53% 370.36% 714.26% 526.29% 526.29% 243.89% 169.48% 144.92% #NUM! <-IRR #YR-> 5 5 yr Running Average #DIV/0!
5 year Running Average 495.03% 0.00% 0.00% 0.00% 495.03% <-Median-> 1 Payout 5 yr Running Average
Price/AEPS Median 61.43 47.89 121.11 72.13 53.53 34.45 0.02 0.00 61.43 <-Median-> 5 Price/AEPS Median
Price/AEPS High 71.00 52.85 140.07 99.32 71.63 37.59 0.00 0.00 71.63 <-Median-> 5 Price/AEPS High
Price/AEPS Low 51.86 42.93 102.14 44.95 35.42 31.32 0.00 0.00 44.95 <-Median-> 5 Price/AEPS Low
Price/AEPS Close 53.77 52.85 131.14 46.63 69.00 37.29 25.92 22.41 53.77 <-Median-> 5 Price/AEPS Close
Trailing P/AEPS Close 64.86 68.00 63.29 69.00 80.47 37.29 26.20 66.43 <-Median-> 4 Trailing P/AEPS Close
Adjusted Funds From Operations DPR 10 Yrs 526.29% 5 Yrs   526.29% P/CF 5 Yrs   in order 61.43 71.63 44.95 53.77 -39.29% Diff M/C -39.29% Diff M/C 10 DPR 75% to 95% best
$0.25 <-12 mths 4.17%
EPS Basic $0.59 $0.62 $0.66 $0.46 $0.28 $0.55 $0.33 $0.20 $0.27 $0.24 $0.21 -$0.06 -109.68% <-Total Growth 10 EPS Basic
EPS Diluted* $0.59 $0.62 $0.66 $0.46 $0.28 $0.55 $0.33 $0.20 $0.27 $0.24 $0.21 -$0.06 $0.42 $0.60 $0.87 -109.68% <-Total Growth 10 EPS Diluted
Increase -19.18% 5.08% 6.45% -30.30% -39.13% 96.43% -40.00% -39.39% 35.00% -11.11% -12.50% -128.57% -800.00% 42.86% 45.00% #NUM! <-IRR #YR-> 10 Earnings per Share
Earnings Yield 4.9% 5.5% 6.1% 6.4% 2.8% 4.6% 2.2% 1.7% 1.9% 1.3% 2.4% -0.5% 2.7% 3.9% 5.6% #NUM! <-IRR #YR-> 5 Earnings per Share
5 year Running Average $0.50 $0.59 $0.65 $0.61 $0.52 $0.51 $0.46 $0.36 $0.33 $0.32 $0.25 $0.17 $0.22 $0.28 $0.41 -11.54% <-IRR #YR-> 10 5 yr Running Average
10 year Running Average $0.46 $0.49 $0.51 $0.49 $0.51 $0.52 $0.51 $0.47 $0.42 $0.38 $0.31 $0.29 $0.30 $0.36 -17.72% <-IRR #YR-> 5 5 yr Running Average
* Diluted ESP per share  E/P 10 Yrs 2.26% 5Yrs 1.69%
Dividends paid Shares * div $225.72 $291.07 $309 Dividends paid Shares * div DRIP
DRIP $65.00 $182.00 $114 DRIP Cancelled
Net  $160.72 $109.07 $195 Net  $42,583.00
Dividends Paid re CF $156.00 $107.00 $180 Dividends Paid re CF
Payout Ratio to Net Income 297.71% 178.33% -900.00% Payout Ratio to Net Income
Payout Ratio to Comp. Inc 128.08% 22.11% -183.67% Payout Ratio to Comp. Inc
Estimates $1.00 $1.00 $0.75 Estimates
Estimates 0.00% 0.00% -25.00% Estimates
Yield Close Price 6.54% 6.54% 4.85% Yield Close Price
Payout Ratio EPS 238.10% 166.67% 86.21% Payout Ratio EPS
Special Dividends $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends
Dividend* $0.95 $0.93 $0.94 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 7.52% <-Total Growth 10 Dividends
Increase 13.04% -1.59% 1.18% 6.27% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% <-Median-> 10 Increase
Dividends 5 Yr Running $0.77 $0.82 $0.88 $0.93 $0.96 $0.97 $0.99 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 21.32% <-Total Growth 10 Dividends 5 Yr Running
Yield H/L Price 7.59% 8.38% 8.73% 10.93% 11.97% 8.92% 7.24% 7.40% 7.73% 5.90% 7.30% 9.83% 7.08% 8.23% <-Median-> 10 Yield H/L Price
Yield on High  Price 6.52% 7.33% 8.05% 8.74% 9.95% 7.69% 6.51% 6.40% 7.01% 5.10% 5.30% 7.35% 6.49% 7.18% <-Median-> 10 Yield on High  Price
Yield on Low Price 9.09% 9.79% 9.52% 14.58% 15.01% 10.64% 8.14% 8.76% 8.63% 6.99% 11.71% 14.86% 7.79% 10.08% <-Median-> 10 Yield on Low Price
Yield on Close Price 7.88% 8.18% 8.68% 13.85% 10.02% 8.42% 6.54% 8.45% 7.01% 5.45% 11.29% 7.63% 6.54% 6.54% 6.47% 8.43% <-Median-> 10 Yield on Close Price
Payout Ratio EPS 160.17% 150.00% 142.58% 217.38% 357.13% 181.81% 303.02% 499.98% 370.36% 416.65% 476.17% -1666.60% 238.09% 166.66% 114.94% 330.07% <-Median-> 10 DPR EPS
DPR EPS 5 Yr Running 154.44% 140.65% 135.86% 152.02% 184.52% 189.53% 216.70% 274.71% 306.74% 314.45% 399.98% 581.37% 462.94% 354.60% 245.09% 245.71% <-Median-> 8 DPR EPS 5 Yr Running
Payout Ratio CFPS 66.43% 53.34% 60.49% 51.07% 66.19% 66.92% 62.20% 109.95% 92.42% 132.81% 104.17% 113.22% 91.74% 76.92% 68.96% 79.67% <-Median-> 10 DPR CF
DPR CF 5 Yr Running 72.18% 65.54% 60.54% 56.41% 58.80% 58.95% 60.80% 66.84% 75.71% 85.52% 94.12% 108.99% 104.86% 100.28% 87.98% 63.82% <-Median-> 10 DPR CF 5 Yr Running
Payout Ratio CFPS WC 62.35% 59.57% 54.35% 58.66% 62.38% 65.13% 62.96% 94.78% 94.19% 136.70% 112.82% 117.02% 91.74% 76.92% 68.96% 79.66% <-Median-> 10 DPR CF WC
DPR CF WC 5 Yr Running 71.50% 64.10% 57.63% 57.93% 59.34% 59.87% 60.53% 66.79% 73.06% 83.73% 93.93% 108.95% 108.13% 102.83% 89.59% 63.66% <-Median-> 8 DPR CF WC 5 Yr Running
Median 5 Yrs 5 Yr Med 5 Yr Cl 7.40% 7.63% 5 Yr Med Payout 416.65% 109.95% 112.82% 0.73% <-IRR #YR-> 10 Dividends
* Dividends per share  5 Yr Med and Cur. -11.61% -14.26% Last Div Inc ---> $0.08 $0.08 0.0% 0.00% <-IRR #YR-> 5 Dividends
Historical Dividends Historical High Div 14.91% Low Div 5.24% Ave Div 10.08% Med Div 7.95% Close Div 7.94% Historical Dividends
High/Ave/Median Values Curr diff Exp. -56.14%     24.81% Exp. -35.09% Exp. -17.74% Exp. -17.64% High/Ave/Median 
Future Div Yield Div Yd 6.54% earning in 10.00 Years at IRR of 0.00% Div Inc. 0.00% Future Div Yd
Future Div Yield Div Yd 6.54% earning in 15.00 Years at IRR of 0.00% Div Inc. 0.00% Future Div Yd
I am earning GC Div Gr 0.00% 12/30/08 # yrs -> 8 2008 $7.12 Cap Gain 114.75% I am earning GC
I am earning Div org yield 14.04% 12/31/14 Trading Div G Yrly 0.00% Div start $1.00 -14.04% 14.04% I am earning Div
Cost covered if held 5 years 46.94% 46.43% 52.03% 50.65% 46.67% 39.12% 44.53% 46.36% 54.64% 59.84% 44.62% 36.18% 36.99% 38.67% 29.49% 46.51% <-Median-> 10 Paid Median Price
Cost covered if held 10 years 92.45% 99.00% 113.29% 106.16% 102.11% 111.13% 105.08% 95.11% 79.28% 89.60% 92.72% 109.29% 119.68% 100.55% <-Median-> 10 Paid Median Price
Cost covered if held 15 years 173.09% 172.53% 186.55% 166.95% 158.44% 170.23% 159.52% 143.56% 172.53% <-Median-> 5 Paid Median Price
Cost covered if held 20 years 253.74% 246.05% 259.80% #NUM! <-Median-> 0 Paid Median Price
Yield if held 5 yrs 11.49% 10.48% 11.12% 10.89% 9.69% 8.03% 9.01% 9.27% 10.93% 11.97% 8.92% 7.24% 7.40% 7.73% 5.90% 9.48% <-Median-> 10 Paid Median Price
Yield if held 10 yrs 15.18% 14.71% 14.65% 12.16% 11.27% 11.82% 10.89% 9.69% 8.03% 9.01% 9.27% 10.93% 11.97% 11.54% <-Median-> 10 Paid Median Price
Yield if held 15 yrs 16.13% 14.71% 14.65% 12.16% 11.27% 11.82% 10.89% 9.69% 14.65% <-Median-> 5 Paid Median Price
Yield if held 20 yrs 16.13% 14.71% 14.65% #NUM! <-Median-> 0 Paid Median Price
Graham No. using DC $12.46 $12.77 $13.20 $12.70 $11.13 $12.09 $11.68 $12.02 $10.39 $13.92 $14.27 $13.76 $13.09 $0.00 $0.00 7.79% <-Total Growth 10 Graham Price
Price/GP Ratio Med 1.00 0.87 0.82 0.72 0.75 0.93 1.18 1.12 1.24 1.22 0.96 0.74 1.08 1.02 <-Median-> 10 Price/GP Ratio
Price/GP Ratio High 1.16 0.99 0.89 0.90 0.90 1.08 1.31 1.30 1.37 1.41 1.32 0.99 1.18 1.24 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 0.83 0.74 0.75 0.54 0.60 0.78 1.05 0.95 1.12 1.03 0.60 0.49 0.98 0.86 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Close 0.96 0.89 0.82 0.57 0.90 0.98 1.31 0.98 1.37 1.32 0.62 0.95 1.17 0.98 <-Median-> 10 Price/GP Ratio
Prem/Disc Close -3.75% -10.95% -17.88% -43.13% -10.37% -1.77% 31.03% -1.55% 37.36% 31.91% -37.89% -4.75% 16.82% #DIV/0! #DIV/0! -1.66% <-Median-> 10 Graham Price
Graham No. $9.19 $9.33 $9.23 $7.86 $5.62 $8.09 $6.17 $5.15 $5.06 $6.44 $6.35 $5.88 $8.32 $9.94 $11.97 -37.00% <-Total Growth 10 Graham Price
Price/GP Ratio Med 1.35 1.19 1.17 1.16 1.49 1.39 2.24 2.63 2.56 2.63 2.16 1.73 1.70 1.94 <-Median-> 10 Price/GP Ratio
Price/GP Ratio High 1.58 1.36 1.27 1.46 1.79 1.61 2.49 3.03 2.82 3.04 2.97 2.31 1.85 2.40 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Low 1.13 1.02 1.07 0.87 1.19 1.16 1.99 2.22 2.29 2.22 1.35 1.14 1.54 1.44 <-Median-> 10 Price/GP Ratio
Price/GP Ratio Close 1.30 1.22 1.17 0.92 1.78 1.47 2.48 2.30 2.82 2.85 1.40 2.23 1.84 1.54 1.29 2.03 <-Median-> 10 Price/GP Ratio
Prem/Disc Close 30.40% 21.80% 17.45% -8.15% 77.66% 46.90% 147.78% 129.84% 182.26% 184.95% 39.54% 122.91% 83.83% 53.80% 29.15% 103.37% <-Median-> 10 Graham Price
Price Close $11.99 $11.37 $10.84 $7.22 $9.98 $11.88 $15.30 $11.83 $14.27 $18.36 $8.86 $13.11 $15.29 $15.29 $15.46 15.30% <-Total Growth 10 Stock Price
Increase 5.18% -5.17% -4.66% -33.39% 38.23% 19.04% 28.79% -22.68% 20.63% 28.66% -51.74% 47.97% 16.63% 0.00% 1.11% 1.43% <-IRR #YR-> 10 Stock Price 15.30%
P/E 20.32 18.34 16.42 15.70 35.64 21.60 46.36 59.15 52.85 76.50 42.19 -218.50 36.40 25.48 17.77 -3.04% <-IRR #YR-> 5 Stock Price -14.31%
Trailing P/E 16.42 19.27 17.48 10.94 21.70 42.43 27.82 35.85 71.35 68.00 36.92 62.43 -254.83 36.40 25.77 9.69% <-IRR #YR-> 10 Price & Dividend
Median 10, 5 Yrs D.  per yr 8.26% 6.93% % Tot Ret 85.20% 178.27% Price Inc 20.63% P/E:  38.92 52.85 3.89% <-IRR #YR-> 5 Price & Dividend
Price Median H/L $12.45 $11.10 $10.79 $9.15 $8.36 $11.21 $13.82 $13.52 $12.93 $16.96 $13.71 $10.17 $14.13 1.11% -8.34% <-Total Growth 10 Stock Price
Increase 20.64% -10.88% -2.79% -15.16% -8.69% 34.11% 23.34% -2.21% -4.33% 31.13% -19.17% -25.79% 38.89% 6.54% -0.87% <-IRR #YR-> 10 Stock Price -8.34%
P/E 21.10 17.90 16.34 19.89 29.84 20.37 41.88 67.58 47.89 70.65 65.26 -169.50 33.63 7.65% -5.95% <-IRR #YR-> 5 Stock Price -26.41%
Trailing P/E 17.05 18.81 17.40 13.86 18.16 40.02 25.13 40.95 64.65 62.80 57.10 48.43 -235.42 8.37% <-IRR #YR-> 10 Price & Dividend
P/E on Running 5 yr Average 24.90 18.93 16.64 14.95 16.01 21.80 30.31 37.13 39.66 53.32 54.82 59.13 65.39 2.18% <-IRR #YR-> 5 Price & Dividend
P/E on Running 10 yr Average 24.33 21.88 18.12 16.98 22.10 26.53 26.71 27.57 40.37 35.88 32.39 48.71 20.83 P/E Ratio Historical Median
Median 10, 5 Yrs D.  per yr 9.24% 8.13% % Tot Ret 110.35% 373.07% Price Inc -4.33% P/E:  35.86 65.26 Count 20 Years of data
High Months Jun Dec Oct Dec Jan Dec Jul Apr Oct Apr
Price High $14.50 $12.69 $11.69 $11.44 $10.05 $13.01 $15.35 $15.62 $14.27 $19.61 $18.87 $13.61 $15.41 7.25% <-Total Growth 10 Stock Price
Increase 25.54% -12.48% -7.88% -2.14% -12.15% 29.45% 17.99% 1.76% -8.64% 37.42% -3.77% -27.87% 13.23% 0.70% <-IRR #YR-> 10 Stock Price 7.25%
P/E 24.58 20.47 17.71 24.87 35.89 23.65 46.52 78.10 52.85 81.71 89.86 -226.83 36.69 -2.38% <-IRR #YR-> 5 Stock Price -11.34%
Trailing P/E 19.86 21.51 18.85 17.33 21.85 46.46 27.91 47.33 71.35 72.63 78.63 64.81 -256.83 24.72 P/E Ratio Historical Median
Median 10, 5 Yrs Price Inc -3.77% P/E:  41.20 78.10 52.33 P/E Ratio Historical High
Low Months Dec Mar May Jan Dec Aug Jan Dec Jan Jan
Price Low $10.40 $9.50 $9.88 $6.86 $6.66 $9.40 $12.29 $11.41 $11.59 $14.30 $8.54 $6.73 $12.84 -29.16% <-Total Growth 10 Stock Price
Increase 14.41% -8.65% 4.00% -30.57% -2.92% 41.14% 30.74% -7.16% 1.58% 23.38% -40.28% -21.19% 90.79% -3.39% <-IRR #YR-> 10 Stock Price -29.16%
P/E Ratio 17.63 15.32 14.97 14.91 23.79 17.09 37.24 57.05 42.93 59.58 40.67 -112.17 30.57 -11.35% <-IRR #YR-> 5 Stock Price -45.24%
Trailing P/E Ratio 14.25 16.10 15.94 10.39 14.48 33.57 22.35 34.58 57.95 52.96 35.58 32.05 -214.00 17.36 P/E Ratio Historical Median
Median 10, 5 Yrs Price Inc -7.16% P/E:  30.51 42.93 14.30 P/E Ratio Historical Low
-$12.29 $0.00 $0.00 $0.00 $0.00 $6.73
Long Term Debt $924 $1,207 Debt
Change 30.63% Change
Debt/Market Cap Ratio 0.35 0.29 0.32 <-Median-> 2 Debt/Market Cap Ratio
Goodwill & Intangibles $455.00 $430.70 $392.70 $151 $46 Intangibles Goodwill
Change -5.34% -8.82% -61.55% -69.54% Change
Intangible/Market Cap Ratio 0.19 0.15 0.08 0.06 0.01 0.08 <-Median-> 5 Intangible/Market Cap Ratio
Market Cap $1,555 $1,490 $1,427 $968 $1,392 $1,887 $2,561 $2,340 $2,875 $5,233 $2,649 $4,112 $4,795 $4,795 $4,849 175.99% <-Total Growth 10 Market Cap
Diluted # of Shares in Million 144.35 162.63 198.43 205.96 225.72 291.08 308.78 #DIV/0! <-Total Growth 6 Diluted
Change 12.66% 22.01% 3.80% 9.60% 28.95% 6.08% 11.13% <-Median-> 6 Change
Basic # of Shares in Millions 212.64 130.45 131.33 133.03 135.84 144.35 162.63 192.52 199.56 225.72 291.08 308.78 136.70% <-Total Growth 10 Basic
Change 103.41% -38.65% 0.67% 1.29% 2.11% 6.26% 12.66% 18.38% 3.65% 13.11% 28.95% 6.08% 6.17% <-Median-> 10 Change
Difference -39.0% 0.4% 0.3% 0.8% 2.7% 10.1% 2.9% 2.7% 1.0% 26.3% 2.7% 1.6% 2.70% <-Median-> 10 Difference
$211 <-12 mths 0.96%
# of Share in Millions 129.67 131.03 131.69 134.11 139.50 158.86 167.37 197.80 201.48 285.03 298.98 313.63 313.63 313.63 313.63 9.12% <-IRR #YR-> 10 Shares
Change 18.11% 1.05% 0.50% 1.84% 4.02% 13.88% 5.36% 18.18% 1.86% 41.47% 4.89% 4.90% 0.00% 0.00% 0.00% 13.38% <-IRR #YR-> 5 Shares
CF fr Op $M $184.4 $228.5 $204.9 $262.6 $210.7 $237.4 $269.1 $179.9 $218.0 $214.6 $287.0 $277 $342 $408 $455 21.25% <-Total Growth 10 Cash Flow
Increase 7.21% 23.86% -10.33% 28.20% -19.75% 12.64% 13.35% -33.14% 21.18% -1.56% 33.74% -3.48% 23.41% 19.27% 11.54% S Iss.  DRIP Conv. Deb.
5 year Running Average $111.5 $145.4 $177.8 $210.5 $218.2 $228.8 $236.9 $231.9 $223.0 $223.8 $233.7 $235.3 $267.7 $305.6 $353.7 61.85% <-Total Growth 10 CF 5 Yr Running
CFPS $1.42 $1.74 $1.56 $1.96 $1.51 $1.49 $1.61 $0.91 $1.08 $0.75 $0.96 $0.88 $1.09 $1.30 $1.45 -49.35% <-Total Growth 10 Cash Flow per Share
Increase -9.23% 22.58% -10.78% 25.88% -22.85% -1.09% 7.59% -43.43% 18.97% -30.42% 27.50% -7.99% 23.41% 19.27% 11.54% 1.95% <-IRR #YR-> 10 Cash Flow
5 year Running Average $1.07 $1.26 $1.45 $1.65 $1.64 $1.65 $1.63 $1.50 $1.32 $1.17 $1.06 $0.92 $0.95 $1.00 $1.14 0.58% <-IRR #YR-> 5 Cash Flow
P/CF on Med Price 11.64 8.82 7.42 5.55 5.10 6.78 8.50 9.03 9.79 14.50 12.90 11.08 14.81 0.01 0.00 -6.58% <-IRR #YR-> 10 Cash Flow per Share
P/CF on Closing Price 11.21 9.04 7.45 4.38 6.09 7.19 9.41 7.91 10.80 15.70 8.34 14.29 16.03 15.33 13.60 -11.29% <-IRR #YR-> 5 Cash Flow per Share
82.86% Diff M/C -3.10% <-IRR #YR-> 10 CFPS 5 yr Running
Excl.Working Capital CF $12.1 -$23.9 $23.2 -$34.0 $12.9 $6.5 -$3.3 $28.8 -$4.1 -$6.1 -$22.0 -$9 $0 $0 $0 -10.81% <-IRR #YR-> 5 CFPS 5 yr Running
CF fr Op $M WC $196.5 $204.6 $228.0 $228.6 $223.6 $243.9 $265.8 $208.7 $213.9 $208.5 $265.0 $268 $342 $408 $455 31.01% <-Total Growth 10 Cash Flow less WC
Increase 17.93% 4.09% 11.46% 0.27% -2.19% 9.06% 8.99% -21.49% 2.49% -2.52% 27.10% 1.13% 27.56% 19.27% 11.54% 2.74% <-IRR #YR-> 10 Cash Flow less WC
5 year Running Average $114.7 $147.9 $185.7 $204.9 $216.3 $225.7 $238.0 $234.1 $231.2 $228.2 $232.4 $232.8 $259.5 $298.2 $347.5 0.16% <-IRR #YR-> 5 Cash Flow less WC
CFPS Excl. WC $1.52 $1.56 $1.73 $1.70 $1.60 $1.54 $1.59 $1.06 $1.06 $0.73 $0.89 $0.85 $1.09 $1.30 $1.45 4.64% <-IRR #YR-> 10 CF less WC 5 Yr Run
Increase -0.15% 3.01% 10.91% -1.54% -5.97% -4.23% 3.45% -33.57% 0.62% -31.10% 21.17% -3.59% 27.56% 19.27% 11.54% -0.44% <-IRR #YR-> 5 CF less WC 5 Yr Run
5 year Running Average $1.08 $1.29 $1.53 $1.61 $1.62 $1.63 $1.63 $1.50 $1.37 $1.19 $1.06 $0.92 $0.92 $0.97 $1.12 -5.85% <-IRR #YR-> 10 CFPS - Less WC
P/CF on Med Price 8.21 7.11 6.23 5.37 5.21 7.30 8.70 12.81 12.18 23.18 15.46 11.90 12.96 0.01 0.00 -11.66% <-IRR #YR-> 5 CFPS - Less WC
P/CF on Closing Price 7.91 7.28 6.26 4.24 6.23 7.74 9.63 11.21 13.44 25.10 10.00 15.34 14.03 11.76 10.66 -3.31% <-IRR #YR-> 10 CFPS 5 yr Running
*Operational Cash Flow per share CF/-WC P/CF Med 10 yr 8.77 5 yr  11.08 P/CF Med 10 yr 10.30 5 yr  12.81 36.17% Diff M/C -10.88% <-IRR #YR-> 5 CFPS 5 yr Running
Google Finance excluded  changes non cash WC
-131.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 313.63 Shares
-167.37 0.00 0.00 0.00 0.00 313.63 Shares
-$228.5 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $277.0 Cash Flow
-$269.1 $0.0 $0.0 $0.0 $0.0 $277.0 Cash Flow
-$1.56 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.85 CFPS - Less WC
-$1.59 $0.00 $0.00 $0.00 $0.00 $0.85 CFPS - Less WC
-$1.29 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.92 CFPS 5 yr Running
-$1.63 $0.00 $0.00 $0.00 $0.00 $0.92 CFPS 5 yr Running
$4.1 $6.1 $22.0 $9.0
       
$4.1 $6.1 $22.0 $9.0
Google $6.1 $22.0 $9.0
Differnce $0.0 $0.0 $0.0
OPM 20.97% 40.57% 34.77% 37.44% 32.47% 34.18% 33.22% 44.15% 44.67% 46.24% 75.13% 85.76% 111.37% <-Total Growth 10 OPM
Increase -4.86% 93.50% -14.31% 7.69% -13.29% 5.29% -2.82% 32.89% 1.19% 3.51% 62.48% 14.15% Should increase  or be stable.
Diff from Ave -48.6% -0.5% -14.8% -8.2% -20.4% -16.2% -18.6% 8.2% 9.5% 13.4% 84.2% 110.2% 0.00 <-Median-> 10 OPM
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 40.79% 5 Yrs 46.24% should be  zero, it is a   check on calculations
Current Assets $137.75 $99.48 $121.69 $162.53 $143.64 $200.92 $643.72 $145.90 $150.7 $209.1 $153 $965 Liq ratio of 1.5 and up, best Assets
Current Liabilities $180.03 $145.41 $198.26 $244.26 $295.99 $236.74 $627.51 $88.00 $280.5 $96.1 $105 $583 0.94 <-Median-> 10 Liabilities
Liquidity 0.77 0.68 0.61 0.67 0.49 0.85 1.03 1.66 0.54 2.18 1.46 1.66 1.66 <-Median-> 5 Ratio
Liq. with CF aft div 1.11 1.42 1.02 1.19 0.73 1.18 1.19 1.45 0.60 1.44 1.34 1.59 1.44 <-Median-> 5 Ratio
Liq. CF re  Inv+Div  1.03 1.14 0.37 0.78 0.64 0.77 0.76 0.11 0.42 0.07 1.34 1.05 0.42 <-Median-> 5 Ratio
Curr Long Term Debt 124.05 $212.4 $11.5 $11.5 $11.5
Liquidity Less CLTD 1.78 2.21 2.47 1.64 1.69 1.95 <-Median-> 4 Ratio
Liq. with CF aft div 2.48 2.46 1.64 1.51 1.62 1.63 <-Median-> 4 Ratio
Assets $2,795.03 $2,717.6 $2,871.4 $3,127.7 $2,864.9 $3,118.6 $3,737.1 $3,144.0 $2,973.4 $4,737.5 $4,571 $4,572 A/L ratio of 1.5 and up, best Assets
Liabilities $1,969.20 $1,899.1 $2,115.9 $2,327.1 $2,166.2 $2,264.7 $2,862.0 $1,784.2 $1,784.2 $2,204.8 $1,484 $1,740 1.52 <-Median-> 10 Liabilities
Debt Ratio 1.42 1.43 1.36 1.34 1.32 1.38 1.31 1.76 1.67 2.15 3.08 2.63 2.15 <-Median-> 5 Ratio
Assets less Liabilities $825.8 $818.5 $755.5 $800.6 $698.7 $853.9 $875.1 $1,359.8 $1,189.2 $2,532.7 $3,087 $2,832 Assets less Liabilities
Total Book Value $825.8 $818.5 $755.5 $800.6 $698.7 $853.9 $875.1 $1,359.8 $1,189.2 $2,532.7 $3,087 $2,832 $2,832.0 $2,832.0 $2,832.0 246.00% <-Total Growth 10 Book Value  
Non-Controlling $14.3 $15.5 $0.1 $0.1 $0.0 $0 $0 $0.0 $0.0 $0.0 Non-Controlling
Preferred Shares $0.0 $195.2 $341.4 $341.4 $536 $536 $536.0 $536.0 $536.0 Preferred Shares
Book Value $825.8 $818.5 $755.5 $800.6 $698.7 $839.6 $859.5 $1,164.5 $847.7 $2,191.3 $2,551 $2,296 $2,296.0 $2,296.0 $2,296.0 180.51% <-Total Growth 10 Book Value
Book Value per Share $6.37 $6.25 $5.74 $5.97 $5.01 $5.29 $5.14 $5.89 $4.21 $7.69 $8.53 $7.32 $7.32 $7.32 $7.32 17.20% <-Total Growth 10 Book Value per Share
Change 8.07% -1.92% -8.16% 4.06% -16.10% 5.52% -2.84% 14.64% -28.53% 82.72% 10.98% -14.20% 0.00% 0.00% 0.00% 27.57% P/B Ratio Current/Historical Median
P/B Ratio (Median) 1.95 1.78 1.88 1.53 1.67 2.12 2.69 2.30 3.07 2.21 1.61 1.39 1.64 P/B Ratio Historical Median
P/B Ratio (Close) 1.88 1.82 1.89 1.21 1.99 2.25 2.98 2.01 3.39 2.39 1.04 1.79 2.09 2.09 2.11 1.60% <-IRR #YR-> 10 Book Value per Share
Change -2.68% -3.32% 3.81% -35.99% 64.74% 12.81% 32.55% -32.55% 68.78% -29.59% -56.52% 72.46% 7.35% <-IRR #YR-> 5 Book Value per Share
Leverage (A/BK) 3.38 3.32 3.80 3.91 4.10 3.65 4.27 2.31 2.50 1.87 1.48 1.61 3.08 <-Median-> 5 A/BV
Debt/Equity Ratio 2.38 2.32 2.80 2.91 3.10 2.65 3.27 1.31 1.50 0.87 0.48 0.61 2.08 <-Median-> 5 Debt/Eq Ratio
Sharerholders Equity (Assets less liabilities) P/BV 10 yr Med 2.00 5 yr Med 2.21 4.43% Diff M/C 2.41 Historical 20 A/BV
$322 <-12 mths 164.53%
Comprehensive Income $73.20 $72.60 $41.1 $94.3 $138.1 $508 -$72 -198.36% <-Total Growth 6 Comprehensive Income
NCI $0.20 $1.10 $0.1 $0.0 $0.0 $0 $0 NCI
Preferred $7.7 $10.3 $16.3 $24 $26 237.66% <-Total Growth 4 Preferred
Shareholders $101.63 $54.96 $156.29 -$9.74 $73.00 $71.50 $33.3 $84.0 $121.8 $484 -$98 -196.43% <-Total Growth 10 Comprehensive Income
Increase -45.93% 184.38% -106.23% 849.24% -2.06% -53.42% 152.25% 45.00% 297.37% -120.25% 45.00% <-Median-> 5 Comprehensive Income
5 Yr Running Average $75 $69 $65 $50 $77 $159 $125 #NUM! <-IRR #YR-> 10 Comprehensive Income -196.43%
ROE 12.4% 7.3% 19.5% -1.4% 8.7% 8.3% 2.9% 9.9% 5.6% 19.0% -4.3% #NUM! <-IRR #YR-> 5 Comprehensive Income -237.07%
5Yr Median 8.7% 8.3% 8.3% 8.3% 8.3% 8.3% 5.6% 8.84% <-IRR #YR-> 6 5 Yr Running Average #DIV/0!
% Difference from NI 25.5% -36.2% 154.1% -125.9% -8.5% 32.7% -14.4% 57.9% 132.4% 706.7% 390.0% 12.56% <-IRR #YR-> 5 5 Yr Running Average 80.67%
Diff 5, 10 yr 45.3% 132.4% 5.6% <-Median-> 5 Return on Equity
Current Liability Coverage Ratio 1.09 1.41 1.15 0.94 0.76 1.03 0.42 2.37 0.76 2.17 2.52 0.46   CFO / Current Liabilities
5 year Median 1.03 1.03 1.09 1.09 1.09 1.03 0.94 0.94 0.76 1.03 2.17 2.17 98.3% <-Median-> 10 Current Liability Cov Ratio
Asset Efficiency Ratio 7.03% 7.53% 7.94% 7.31% 7.81% 7.82% 7.11% 6.64% 7.19% 4.40% 5.80% 5.86% CFO / Total Assets
5 year Median 5.75% 5.75% 7.03% 7.31% 7.53% 7.81% 7.81% 7.31% 7.19% 7.11% 6.64% 5.86% 7.2% <-Median-> 10 Return on Assets 
Return on Assets ROA 2.5% 3.0% 3.0% 2.0% 1.3% 2.6% 1.4% 1.2% 1.8% 1.1% 1.3% -0.4% Net  Income/Assets Return on Assets
5Yr Median 2.5% 2.7% 2.7% 2.7% 2.5% 2.6% 2.0% 1.4% 1.4% 1.4% 1.3% 1.2% 1.4% <-Median-> 10 Asset Efficiency Ratio
Return on Equity ROE 8.6% 9.9% 11.4% 7.7% 5.4% 9.5% 6.3% 3.3% 6.3% 2.4% 2.4% -0.9% Net Inc/ Shareholders' equity Return on Equity
5Yr Median 8.2% 8.6% 9.9% 9.9% 8.6% 9.5% 7.7% 6.3% 6.3% 6.3% 3.3% 2.4% 5.8% <-Median-> 10 Return on Equity
$71 <-12 mths 34.92%
Net Income $79.9 $55.04 $46.7 $63.5 $68.7 $84.0 $6 -92.49% <-Total Growth 6 Net Income
NCI $0.2 $1.1 $0.1 $0.0 $0.0 $0.0 $0 NCI
Preferred $7.7 $10.3 $16.3 $24.0 $26 237.66% <-Total Growth 4 Preferred
Shareholders $71.20 $80.95 $86.16 $61.50 $37.58 $79.7 $53.9 $38.9 $53.2 $52.4 $60.0 -$20 $143 $203 $301 -124.71% <-Total Growth 10 Shareholders
Increase -8.27% 13.70% 6.43% -28.62% -38.90% 112.22% -32.41% -27.82% 36.76% -1.50% 14.50% -133.33% 815.00% 41.96% 48.28% EPS/CF Ratio should not be higher than 1.00
5 Yr Running Average $51.0 $64.3 $76.4 $75.5 $67.5 $69.2 $63.8 $54.3 $52.7 $55.6 $51.7 $37 $58 $88 $137 #NUM! <-IRR #YR-> 10 Net Income
Operating Cash Flow $184.45 $228.46 $204.85 $262.61 $210.74 $237.38 $269.08 $179.9 -$120.6 -$120.6 -$120.6 -$121 #NUM! <-IRR #YR-> 5 Net Income
Investment Cash Flow -$14.70 -$36.12 -$343.01 -$128.85 -$39.82 -$124.63 -$357.41 -$1,080.7 -$120.6 -$1,794.2 $366.0 -$305 -5.41% <-IRR #YR-> 10 5 Yr Running Ave.
Total Accruals -$98.55 -$111.39 $224.31 -$72.26 -$133.35 -$33.02 $142.22 $939.7 $294.4 $1,967.2 -$185.4 $406 -10.36% <-IRR #YR-> 5 5 Yr Running Ave.
Total Assets $2,795.0 $2,717.6 $2,871.4 $3,127.7 $2,864.9 $3,118.6 $3,737.1 $3,144.0 $2,973.4 $4,737.5 $4,571.0 $4,572 Balance Sheet Assets
Accruals Ratio -3.53% -4.10% 7.81% -2.31% -4.65% -1.06% 3.81% 29.89% 9.90% 41.52% -4.06% 8.87% 9.90% <-Median-> 5 Ratio
EPS/CF Ratio 0.39 0.40 0.38 0.27 0.17 0.36 0.21 0.19 0.25 0.33 0.24 -0.07 0.25 <-Median-> 10 EPS/CF Ratio
Chge in Close 5.18% -5.17% -4.66% -33.39% 38.23% 19.04% 28.79% -22.68% 20.63% 28.66% -51.74% 47.97% 16.63% 0.00% 1.11% Count 20 Years of data
up/down/neutral Down Down Down Down down down Count 13 65.00%
Any Predictions? Yes Yes % right Count 2 15.38%
Financial Cash Flow -$183.71 -$169.56 $145.71 -$135.73 -$161.24 -$103.21 $89.05 $894.7 -$87.3 $1,606.3 -$658.0 $107 C F Statement  Financial Cash Flow
Total Accruals $85.15 $58.17 $78.60 $63.47 $27.89 $70.19 $53.17 $45.0 $381.7 $360.9 $472.6 $299 Accruals
Accruals Ratio 3.05% 2.14% 2.74% 2.03% 0.97% 2.25% 1.42% 1.43% 12.84% 7.62% 10.34% 6.53% 7.62% <-Median-> 5 Ratio
Cash $66.27 $67.29 $16.1 $26.6 $51.4 $58.0 $108 Cash
Cash per Share $0.42 $0.40 $0.08 $0.13 $0.18 $0.19 $0.34 $0.18 <-Median-> 5 Cash per Share
Percentage of Stock Price 3.51% 2.63% 0.69% 0.93% 0.98% 2.19% 2.63% 0.98% <-Median-> 5 % of Stock Price
122.84% $186.25 $228.79
Globe Investor 7 Feb 2017:
Veresen Inc. This stock appears on the positive breakouts list, writes Jennifer Dowty. The company offers shareholders a yield of over 7 per cent with upcoming projects anticipated to accelerate the company’s growth profile. 
Calgary-based Veresen owns and operates energy infrastructure assets across the country including a pipeline transportation business, a midstream business, a power business, and holds an interest in a natural gas liquids extraction 
facility. Analysts’ target prices range from a low of $12, implying the stock is currently overvalued, to a high of $17, anticipating a potential price return of 22 per cent. 
Notes:
April 15, 2017.  Last estimates were for 2016, 2017 and 2018 of $368, $376 and $332 for Revenue, $1.03 and $1.03 for DC for 2016 and 2017, $0.18, $0.31 and $0.51 for EPS, 
$0.91m $0.91 and $0.50 for Dividends, $1.16 for CFPS for 2016 and $115 for Net Income for 2016.
April 23, 2016.  Last estimates were for 2015 and 2016 of $458.5M and $507.0M for Revenue, $1.05 and $1.07 for AFFO, $0.31 and $0.43 for EPS, $1.16 and 1.17 for CFPS 
and $71.4M and $115.0M for Net Income.
May 9, 2015.  Last estimates were for 2014, 2015 and 2016 of $428.3M, $458.5M and $507M for Revenue, $1.05 and $1.09 for DI for 2014 and 2015, $0.24 and $0.31 and $0.43 for EPS, 
$1.09, $1.16 and $1.17 for CFPS and $58.5M, $71.4M and $115M for Net Income.
April 26, 2014.  Last estimates were for 2013 and 2014 of $414M and $432M for Revenue; $1.09 and 1.09 for AFFO; $0.31 and $0.34 for EPS.
March 12, 2013.  Last Estimates were for 2012 and 2013 of $458M andf $488M for Revenue, $1.13 and $1.20 ($1.21 for 2014) for AFFO, $.38 and $.46 ($.52).
The change in accounting rules seems to have greatly affected Operating Revenue and Operating Cash Flow.
Jun 02, 2012.  Last Estimates were for 2011 and 2012 with $755M and $8.4M for Revenue, $0.56 and $0.65 for EPS, $1.21 and $1.32 for Distributable Cash and $1.39 and $1.40 for CF.
1st quarter of 2012 rised money by selling Preferred shares and ordinary shares.  Shares o/s went up almost 15%.  As fgar as I can see they used the money to buy assets.
Jun 11, 2011.  The last estimates I got for 2010 and 2011 were $1.05 and $1.07 for distributions, $.05 and $.62 for earnings and $1.30 and $1.30 for cash flow.
Concerns are payout ratios are too high.  Earnings will not be covering dividends even by 2014.  They seem to be borrowing to cover dividends.  They would be better off to cut dividends.
This company is considered very stable.  Dividends will not increase anytime soon.  It certainly is fully valued. BV has large deficit.
Old name - Fort Chicago Energy Partners LP symbol FCE.UN - New Name Veresen Inc VSN symbol. Exchange was on a one for one basis.
Mar 2010.  The year ending in Dec 2009 was not a good year for this company.  Loss was due to writedown of the firm´s California cogeneration facilities and goodwill writeoffs
On Nov 4, 2009 this company annouced it will be changing from a limited partnership to a taxable Canadian corporation before new tax of Jan 2011.
April 2009 AR2008. This is a stock on the IR list.  I bought some in Dec 2008 when the Yield was 14% and I bought some more in March 2009 when TD said on March 6 it was a buy.    
The stock does have its problems.  Book value is decreasing.
Fort Chicago says that the distributions are generally not taxable, but subtracted from your ACB.  However, they also show what is displayed below.  So I will not really know the tax 
situation until I get tax forms for 2009, which is the first year I have held these units.
It is hard to figure out revenue prior to 2003 as prior to 2003, they used Income not revenue in reports.
Veresen and Enbridge each own 42.7% of Aux Sable, with the remaining 14.6% being owned by Williams Partners.
Sector:
Infrastructure,Utility
What should this stock accomplish?
Would I buy this company and Why.
It current pays a good dividend and I will hold on to it for now.  I do prefer stocks that increase their dividends.
Dividends
Dividends are paid month near the end of each month.  Dividends are declared for shareholders of record in one month and payable in the following month.
For example, on April 21, 2014 the company declared a dividend for sharesholders of record of April 30, 2014 and payble on May 23, 2014.
Why am I following this stock. 
I am following this because I own the stock.
Why I bought this stock.
I bought this stock in 2008 as Fort Chicago Energy Partnership.  At that time it was a publicly traded limited partnership with increasing and high dividends.
In 2010 the company changed to a corporation.
How they make their money.
Veresen is a leading diversified energy infrastructure company that owns and operates energy infrastructure assets across North America. They are engaged in three principal business lines 
of Pipelines, Midstream and Power (gas-fired and renewable facilities).
For most ratios, lower is better when looking for a good stock price.  However, there are exceptions such as for yield and asset/liability ratios and here you want a higher ratios to indicate a good stock price.  
Also, for the Operational Profit Margin, a higher percentage is better.  With the OPM, you should only compare companies in similar industries.
Shares; '%, Value $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M
Date Jun 2012 Mar 13 2013 Apr 11 2014 May 09 2015 Apr 23 2016 Apr 15 2017
Althoff, Donald 0.000 0.00% 0.001 0.00% 0.021 0.01% 0.058 0.02% 0.082 0.03% CEO Nov 8 2012
CEO - Shares - Amount $0.000 $0.019 $0.188 $0.757 $1.259
Options - percentage 0.002 0.00% 0.015 0.01% 0.095 0.03% 0.171 0.05% 0.220 0.07%
Options - amount $0.033 $0.281 $0.842 $2.248 $3.357
Weech, Richard Glenn 0.001 0.00%
CEO - Shares - Amount $0.014
Options - percentage 0.004 0.00%
Options - amount $0.059
Jang, Theresa 0.020 0.01% 0.027 0.01% 0.032 0.01% 0.046 0.01%
CFO - Shares - Amount $0.371 $0.242 $0.425 $0.707
Options - percentage 0.000 0.00% 0.018 0.01% 0.050 0.02% 0.094 0.03%
Options - amount $0.000 $0.161 $0.662 $1.437
King, Kevan Scott 0.027 0.01%
Officer - Shares - Amount $0.414
Options - percentage 0.064 0.02%
Options - amount $0.977
Marble, Jesse David 0.020 0.01% ceased to be insider 2016
Officer - Shares - Amount $0.266
Options - percentage 0.025 0.01%
Options - amount $0.325
Birbeck, Norman Douglas 0.004 0.00% 0.006 0.00% 0.009 0.00%
Officer - Shares - Amount $0.059 $0.113 $0.081
Options - percentage 0.000 0.00% 0.000 0.00% 0.005 0.00%
Options - amount $0.000 $0.000 $0.041
Charron, John Paul 0.014 0.01% 0.014 0.00% 0.025 0.01% 0.035 0.01% 0.035 0.01%
Director - Shares - Amount $0.200 $0.257 $0.222 $0.459 $0.535
Options - percentage 0.000 0.00% 0.011 0.00% 0.015 0.01% 0.029 0.01% 0.046 0.01%
Options - amount $0.000 $0.194 $0.137 $0.382 $0.709
Mulherin, Stephen W.C. 0.050 0.02% 0.050 0.02% 0.050 0.02% 0.050 0.02%
Chairman - Shares - Amt $0.918 $0.443 $0.656 $0.765
Options - percentage 0.021 0.01% 0.033 0.01% 0.053 0.02% 0.080 0.03%
Options - amount $0.385 $0.294 $0.699 $1.217
Increase in O/S Shares 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% Yes, 0
due to SO  $0.000 $0.000 $0.000 $0.000 $0.000
Book Value $0.000 $0.000 $0.000 $0.000 $0.000
Insider Buying -$0.838 -$0.922 -$0.088
Insider Selling $0.000 $0.000 $0.000
Net Insider Selling $0.853 $0.000 $0.000 $0.000
% of Market Cap 0.02% 0.00% 0.00% 0.00%
Directors 9 22% 8 8 9 9
Women 2 2 25% 2 25% 2 22% 2 22%
Minorities 0 0% 0 0% 0 0% 0 0% 0 0%
Institutions/Holdings 193
Total Shares Held 89.000 28.38%
Increase/Decrease 2.000 2.30%
Starting No. of Shares 87.000 Morningstar
Institutions/Holdings 61 29.43% 67 33.67% 0 0.00% 8 13.24% 7 16.12% 9 20.77%
Total Shares Held 57.280 28.43% 66.513 23.34% 0.000 0.00% 1.060 0.35% 1.290 0.41% 1.662 0.53%
Increase/Decrease 11.294 24.6% 1.738 2.7% 0.000 #DIV/0! 0.060 5.97% 0.045 3.62% -0.229 -12.12%
Starting No. of Shares 45.986 64.775 0.000 1.000 1.245 1.891 reuters
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