12 stories mentioning CHE-UN.TO
Every FINWIRES story that references CHE-UN.TO, newest first.
Chemtrade Logistics Income Fund (CHE-UN.TO) declared a cash distribution of $0.06 per unit for the month of May, unchanged from the prior month, it said on Wednesday.It is payable on June 30 to unitholders of record at the close of business on May 29.Price: $16.32, Change: $-0.09, Percent Change: -0.55%
Chemtrade Logistics Income Fund (CHE-UN.TO) was upgraded to Outperform from Market Perform at Raymond James on Tuesday.Analyst Steve Hansen raised his price target on shares of the Canadian chemical supplier and services company to $21 from $15.Hansen said the upgrade reflects "increased confidence in the long-term viability of the company's North Vancouver chlor-alkali facility.""While the recent rezoning setback was clearly unexpected, discussions with local stakeholders point to several credible pathways to a resolution - including political, regulatory, and operational alternatives," the analyst said in a note to clients."To this end, we view the risk of a forced shutdown as low," Hansen said. "That said, visibility on timing of any resolution remains limited."
BMO upgraded its rating on the units of Chemtrade Logistics Income Fund (CHE-UN.TO) back to outperform after last week's downgrade, on recent share price declines.Analyst Joel Jackson, who maintained the $18.50 price target, believes the units now price in a "reasonable" bear case outcome at North Vancouver despite scope for the district council and the Fund to reach a compromise over the coming months. Chemtrade reported earlier this month that the council had rejected its rezoning application, which would have allowed significant safety upgrades and continued liquid chlorine production at its North Vancouver facility beyond 2030.Jackson also slightly raised estimates on the upside from stronger caustic and sulphur/acid pricing since the Iran war began."Valuation remains attractive, and index inclusion remains possible," Jackson adds.Price: $16.05, Change: $+0.40, Percent Change: +2.56%
Chemtrade Logistics Income Fund (CHE-UN.TO) on Tuesday said it declared a cash distribution of $0.06 per unit for the month of April 2026, unchanged from the prior month.It is payable on May 29, 2026 to unit-holders of record at the close of business on April 30, 2026.Price: $15.49, Change: $+0.36, Percent Change: +2.38%
BMO Capital Markets on Wednesday lowered its rating on the units of Chemtrade Logistics Income Fund (CHE-UN.TO) to market perform, while maintaining its C$18.50 price target.BMO said the downgrade reflects the rejection of Chemtrade's planned rezoning for its North Vancouver chlor-alkali plant.According to BMO, more predictable earnings, index inclusion, rezoning approval, and valuation catch-up to U.S. commodity-chemical peers were key catalysts for continued outperformance by Chemtrade.But with uncertainty linked to the North Vancouver facility beyond 2030, BMO said it now awaits more clarity.Price: $14.70, Change: $+0.20, Percent Change: +1.38%
Chemtrade Logistics Income Fund (CHE-UN.TO), which lost 18% on Tuesday, announced the early termination of its existing normal course issuer bid which began on Aug. 19, 2025, and had an expiry date of Aug. 18, 2026, and the start of a new NCIB.The company on Wednesday said that the Toronto Stock Exchange (TSX) accepted its notice of intention to start the NCIB.As of Apr. 10, 2026, under the terminated bid, the fund had bought back for cancellation, near 5.3-million units out of the more than 11.2-million units at a volume weighted average price of $14.55 per unit, for total cash consideration of about $76 million.Due to the early termination and start of the new bid, the 5.3-million units purchased under the terminated NCIB will be deducted from the maximum number of units that may be purchased under the NCIB as per the requirements of the TSX. Under the NCIB, Chemtrade is authorized to buy back up to 11.1-million units, about 10% of the company's public float as of Apr. 10, less the 5.3-million units purchased under the terminated NCIB, for net new purchases of up to 5.8-million units.The NCIB begins on Apr. 17, and will cancel on April 16, 2027, or such earlier date that Chemtrade completes purchases. Chemtrade also entered into an automatic purchase plan with its designated broker to allow for purchases of units during certain pre-determined blackout periods, subject to certain parameters as to price and number of units.Shares of the company closed down $3.26 to $14.50 on Tuesday on the TSX.
The Toronto Stock Exchange is up 152 points at midday, climbing back over the 34,000 mark, with tech stocks (+3.3%) the best performer, followed by financials (+0.7%).Energy, pulled down by lower oil prices, is the biggest decliner, down 2.3%.In domestic news, Prime Minister Mark Carney, who now has a Liberal majority after winning three byelections on Monday, announced this morning that Canada will suspend a federal fuel tax on diesel and gasoline until Labour Day.In company news, Chemtrade Logistics (CHE-UN.TO) units have plunged 17.4% to $14.67 after it reported that a rezoning application for its facility in North Vancouver, B.C., was rejected. The facility is the largest producer of liquid chlorine to treat drinking water in Canada, producing over 40% of the country's supply.The market just wrapped up a relatively solid quarter, marked by economic and geopolitical uncertainty, ending with Canadian stocks in the green, Morningstar wrote recently.The Morningstar Canada Index is up over 5% in the year to date and nearly 50% over the past 12 months, led by the energy and basic materials sectors. Amid the market turbulence, it said four stocks in the telecom, consumer cyclical, and industrials sectors look the most undervalued.These are Thomson Reuters (TRI.TO), Gildan Activewear (GIL.TO), Rogers Communications (RCI-B.TO) and Telus (T.TO). Morningstar analysts think these stocks have a "narrow economic moat", meaning they should maintain a competitive edge for the next 10 years.
Chemtrade Logistics Income Fund (CHE-UN.TO) was downgraded to Market Perform from Strong Buy at Raymond James, Tuesday.Analyst Steve Hansen lowered his price target on shares of the Canadian industrial chemicals and services company to $15 from $21."Last night we attended a District of North Vancouver (DNV) council meeting where we expected to observe the second and third readings of Rezoning Bylaw 8778, key steps toward advancing the rezoning and lease extension (to Dec-31-44) of Chemtrade's Electrochem (EC) facility," Hansen said in a note to clients."...Advancing this bylaw has long been viewed as the critical gating item to securing a long-term lease and mitigating operational constraints beginning Jun-30-30 that would otherwise force the plant shutdown," the analyst said."Instead, we observed a council that ignored the risk assessments solicited, dismissed senior government support (Federal/Provincial), sided with NIMBYISM, and ultimately suspended further readings of the bylaw (vote: 4-3) - thus squashing any near-term visibility on an extension," Hansen said."While an alternative path may still emerge, including higher-level government involvement/pressure, we struggle to assign a timeline/probability to such an outcome."(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Chemtrade Logistics Income Fund (CHE-UN.TO) said Tuesday that it is exploring legal action and other alternatives after the District of North Vancouver Council rejected the company's rezoning application for the North Vancouver chlor-alkali facility.The company said the rezoning would have allowed safety upgrades and continued liquid chlorine production at the facility beyond 2030.Chemtrade said the closure of the facility, which produces over 40% of Canada's liquid chlorine supply, would have a significant impact on the country."Without chlorine production from our facility, Canada could become reliant on foreign trading partners to secure additional production of chlorine, a product critical to the health and safety of millions," President and Chief Executive Officer Scott Rook said.The company said it intends to engage with the council and other officials to proceed with the planned safety upgrades and secure long-term operations.