Viewing Company Altagas Ltd | StockChase
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Compiling comments that experts make about stocks while on public TV.

Altagas Ltd Stock Symbol: ALA-T

Last Price Recorded: $28.2100 on 2017-09-20

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Date Signal Expert Opinion Price
2017-09-20 TOP PICK Zachary Curry

Subscription Receipts. They did a big deal with the WGL in Washington, and there is a bit of pressure there, but positive and the fact that you get your $31 back if the deal doesn’t work, and a 7% monthly income to wait. Dividend yield of 7.3%. (Analysts’ price target is $33.)


Price:
$28.210
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on CANADIAN MARKET
Owned:
Yes
2017-09-13 TOP PICK Paul Gardner, CFA

Incredibly cheap, and mispriced. The market doesn’t like that they made a transformational acquisition of WGL, the US utility. It is going to have to go through a year’s worth of regulatory reviews, but it will double their earnings, and effectively their yields and dividends will increase in about a year’s time. They beat numbers last quarter. Dividend yield of 7.6%. (Analysts’ price target is $33.)


Price:
$27.590
Subject:
REITs, BONDS AND DIVIDEND STOCKS
Bias:
UNKNOWN
Owned:
Yes
2017-09-07 BUY on WEAKNESS Michael Simpson, CFA

They acquired Washington Gas and Electric.  The acquisition, when it closes in mid 2018, is weighing on the stock.  There are subscription receipts that are selling higher than the stock.  If it does not go through you get your money back.  You clip a dividend along the way.  There is a 20% chance the deal does not go through.  It is cheap compared to other companies.  He has been buying on dips.  There may be a concern that they have to raise more equity.  It is a well run company and have a history of bringing projects on time and under budget.


Price:
$27.650
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
CAUTIOUS
Owned:
Yes
2017-08-30 DON'T BUY Brian Madden

Sold his holdings about a year ago because of valuation concerns, when the stock had gotten very expensive. It was trading north of 15-16 times EV to EBITDA. He would continue to avoid this, even with the setback in the stock price.


Price:
$27.400
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-08-25 DON'T BUY Robert McWhirter

He said goodbye to it.  It is too early to buy back.  The most recent earnings went down and are expected to go down again when they report.  Cash flow is negative.


Price:
$27.620
Subject:
CANADIAN & TECHNOLOGY
Bias:
BULLISH
Owned:
No
2017-08-23 PAST TOP PICK Douglas Kee

(Top Pick June 9/16, Down 1.70%)  He is picking it again tonight.  They did an acquisition in the US, but some say it is too big, too utility and won’t go through.  They had to do a big installment receipt.  The deal does not close for 12 months, but you raise your equity right away.  In the end he thinks the deal will get done and he now thinks there is potential for growth in the US.


Price:
$27.710
Subject:
CANADIAN DIVIDEND
Bias:
SELECTIVE
Owned:
Yes
2017-08-23 TOP PICK Douglas Kee

It is yielding 7.5% and the acquisition in the US should go through. They have a further billion and a half of growth projects and another billion and a half it the deal does go through. The yield is likely to go down if the deal goes through, but that is a good thing because the stock price will have gone up. (Analysts’ target: $34.50).


Price:
$27.710
Subject:
CANADIAN DIVIDEND
Bias:
SELECTIVE
Owned:
Yes
2017-08-16 COMMENT Christine Poole

Owns this in a few accounts. It is a midstream company. The yield is very attractive. In this past week, she has noticed all of these energy infrastructure names, including the pipelines, have been pulling back. This represents an attractive entry point for people who want income. Dividend yield of 7.6%.


Price:
$27.660
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-08-14 COMMENT Larry Berman CFA, CMT, CTA

There is some regulatory uncertainty as to whether their acquisition in the US will go through.  The drop in stock price has boosted the yield.  He thinks you are pretty close to the bottom so there is a value element to it.


Price:
$27.980
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-08-11 COMMENT David Cockfield

Their big problem was the Washington acquisition. The Washington utility is well established with their facilities on the east coast. Altagas facilities are all on the West Coast, and is quite a different kind of utility. Just too big a change for him. Dividend yield of 7.5%.


Price:
$27.870
Subject:
CANADIAN & ETF's
Bias:
CAUTIOUS
Owned:
No
2017-08-10 HOLD Robert Lauzon

The acquisition 6 months ago was won in the US against potentially many US competitors, and this is a concern because  why did they win this business.  They are going into areas where perhaps Trump wakes up with Tweets against Canadian takeovers of US companies.  You will not get certainty of the success of approvals on this for another year.  You could go to another company where you can get certainty going forward.  This one will be under pressure until the deal is done.  The sub-receipts are the way to play it because there is a guaranteed payment if the deal does not go up, but you get it converted to stock if it does.


Price:
$28.030
Subject:
NORTH AMERICAN
Bias:
CAUTIOUS
Owned:
Unknown
2017-08-08 COMMENT Lyle Stein

Had a good quarter, and the approval of their WGL acquisition is now just waiting for the regulatory side of things. One issue is commodity prices in Canada. Canadian gas production has been a headwind. Also, they made a foray into the US, to provide some natural gas infrastructure into the California grid. With the WGL acquisition they are looking to divest some of that and putting proceeds into the Washington DC area. Thinks this is just in “show me” mode. Dividend yield of 7.25%.


Price:
$28.670
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2017-08-02 COMMENT Andy Nasr

Has a lot of conviction in this company. When their acquisition in the US goes through, you will probably see the company get re-rated. The large US acquisition is somewhat transformational in that it creates a company with much more predictable cash flows, and reduces their sensitivity to commodity prices. Right now, it is a little bit of a mix between energy infrastructure and regulated utilities. The acquisition of WGL tilts it more towards stable cash flow regulated utility power generation. When the acquisition is completed, you have very visible cash flow and dividend growth. The “subscription receipts” will eventually convert into regular shares. The “subscription receipts” trades at a discount to the equities, so if you are going to buy this, you should buy it through the subscription receipts.


Price:
$29.190
Subject:
REITS, GLOBAL & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2017-08-01 BUY Bruce Murray

As an established mid-streamer, building an LPG extraction/export facility and in the process of purchasing WGL, is this a good integrated play on natural gas? All infrastructure companies are decent long-term holds, and are all relatively expensive, but have pretty good outlooks and are struggling to get Canadian projects approved. Thinks this is good and he would buy the stock.


Price:
$28.980
Subject:
NORTH AMERICAN
Bias:
BULLISH on US MARKET
Owned:
No
2017-07-28 COMMENT Greg Newman

Switch this out for Enbridge (ENB-T)? This just did a US acquisition that is accretive, which is probably going to hurt as the Cdn$ goes higher. This is more commodity focused and the recovery is taking longer to take hold. This company could be a good, but he is pretty excited about Enbridge, which trades at a lower valuation and has very visible EPS growth of about 11%. It could be a good idea in a neutral tax situation.


Price:
$28.710
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
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5 Comments

Mark Sewell

January 31st 2014 at 6:28pm

Excellent company, just sold it today.
Too hot and needs a pull back to the lower band of the daily channel ($36-37)
it is on my radar.

Mark Sewell

January 31st 2014 at 6:29pm

Excellent company, just sold it today.
Too hot and needs a pull back to the lower band of the daily channel ($36-37)
it is on my radar.

Mark Sewell

January 31st 2014 at 6:33pm

Excellent company, just sold it today.
Too hot and needs a pull back to the lower band of the daily channel ($36-37)
it is on my radar.

jordy

March 4th 2014 at 10:06am

TD forecasting free cash flow of $4.03 for 2015. Nice chart. What's not to like?

jordy

March 4th 2014 at 10:06am

TD forecasting free cash flow of $4.03 for 2015. Nice chart. What's not to like?


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