Viewing Company Altagas Ltd | StockChase
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Altagas Ltd Stock Symbol: ALA-T

Last Price Recorded: $27.5300 on 2017-08-17

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Date Signal Expert Opinion Price
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
2017-07-25 COMMENT John O'Connell, CFA

Will the deal in the US go through? He owns the receipts, which is the right way to play this. If the deal doesn’t go through you are buying the receipts at $29 which pays a 7% dividend. If the deal doesn’t go through, you get $31 back. He thinks the deal will go through. Things are quiet because it is going through the regulatory hearings.


Price:
$29.160
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-07-24 COMMENT Keith Richards

The kind of “go to” gas company, but you do have that whole “what are gas prices doing?” thing. This has been basing with the highs being more or less flat and fading. It needs to break its top level at around the mid-$30 level.


Price:
$29.190
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
Unknown
2017-07-21 COMMENT Michael Sprung

A company that is balanced between regulatory and other activities. The dividend is fairly secure at this time. Originally, they were more western based. Within the sector there are probably other quasi-utility type situations that he would look at first.


Price:
$29.270
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
No
2017-07-20 BUY Mohsin Bashir

He has been adding to this one at these levels. He likes it because it gets painted with the same brush as other oil companies, but it is much more diversified. There is a high degree of certainty for their revenues and cash flows. There is high visibility. They are starting to amass assets in the alternative energy space.


Price:
$29.640
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Yes
2017-07-20 COMMENT Hap (Robert) Sneddon FCSI

This runs between a quasi-utility and sort of a quasi-gas company. The chart shows a really big basing pattern from 2015. They just acquired something, which makes the company a little better, but the trend has gotten a lot tighter in the last little while, which is quite positive. Gas has seasonality, which starts kicking in right now. Anything below $30 on the stock is a really good deal. Dividend yield of 7%.


Price:
$29.640
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH
Owned:
Yes
2017-07-17 DON'T BUY Don Vialoux

The technical picture does not look good.  It is in a downward trend and not showing signs of support.  It is underperforming the market.


Price:
$29.500
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
UNKNOWN
Owned:
Unknown
2017-07-12 DON'T BUY Brian Madden

He used to own this, but sold it about a year ago. His concern was on valuation and interest rate sensitivity. This does midstream natural gas processing in Western Canada. Involved in a very large transaction to buy WGL Holdings in the US for about $6 billion. The market doesn’t like the transaction and the stock traded down quite sharply when they announced the deal. This company paid way, way more in dividends than their earnings. Also, the stock is quite expensive.


Price:
$29.620
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
Showing 1 to 15 of 335 entries
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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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