Opinions
Andrew Pink
Altagas Canada
ACI-T
HOLD
Jun 17, 2019
$22.740
Stock price when the opinion was issued
Utilities
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It is a spin off from ALA-T. It is a pure play Canadian asset utility play. It has average debt for a utility. Over time as long as they perform well you should be able to get modest dividend increases. The parent may still sell the remainder of their stake in this company.
Utilities
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It was a smart call to spin out the Canadian operations from ALA-T. ACI has done reasonably well. He likes utilities and this pays a 4% dividend. As rates stay low, this will benefit. ACI's valuation is higher than some peers, but he would hold it if he owned it.