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Compiling comments that experts make about stocks while on public TV.

2017-03-16

Opinion for AltaGas Ltd (ALA.R-T)

Signal Price Bias Subject Owned
TOP PICK $29.740 UNKNOWN NORTH AMERICAN - LARGE Yes

The company has just issued these Subscription Receipts for stocks, for a US acquisition they plan to do that should close in the 2nd quarter of 2018. There are a few worries where they have a big chunk of debt and some worries on the utility side. In his view, the debt levels will go down. If the deal doesn’t go through, the subscription receipt holders get their money back. This is trading at about $1 less then the common shares. Dividend yield of 7.1%.

Zachary Curry
Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd. http://www.davisrea.com/contact/

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