Stockchase Opinions

Michele Robitaille Altagas Ltd ALA-T BUY Jun 22, 2015

She quite likes it. It lagged its peer group. Some exposure to the Alberta power market. They have a very stable base of earnings. There are a number of potential projects coming on. There are also smaller scale LNG opportunities. It is a good name and something to look at here. It is an attractive entry point. It has not rebounded as much as the peer group.

$39.020

Stock price when the opinion was issued

oil gas
It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

You might be interested:

PAST TOP PICK
(A Top Pick Jun 24/24, Up 17%)

(Note the short timeframe.)
Still likes it. One of his largest positions.

BUY

Really likes it as a mid-streamer and for its natural gas distribution. Nat gas distribution in the US is its growth engine. Extremely well managed. Dividend can grow annually. Good infrastructure asset. Solid growth.

WEAK BUY

Has been cheap relative to growth rate for several years. If the company executes well and interest rates fall, this can get to his target of $39. Just reported, outlook was as expected. New products coming online in 2026 & 2027. Nice dividend, probably growing at 6% for 2025, and 5% thereafter. Trades at 13.4x, reasonable growth rate ~7%.

Still likes it, though GEI may look better right now on price to growth.

WEAK BUY

We're all trying to figure out which stocks tariffs will either impact or leave unscathed. There's a thirst for natural gas, and we need to get it offshore as part of the bridge to totally clean energy. Q3 beat. Midstream continues very robust, pricing tailwinds. Trades ~15x for 8% growth. Nice dividend.

Lower-hanging fruit is gone, but it still works from here so you can buy it. GEI is a better choice now.

TOP PICK

Shares have nearly tripled from their bottom a few years ago. Their cross-border exposure benefit further from the strong USD and is often reflected in their strong Q3s and Q4s. He expects outperformance on currency alone as they advance their midstream projects on the west coast.

(Analysts’ price target is $38.78)
TOP PICK

Excellent opportunity for rising gas prices. Believes demand for transition fuel will continue to rise. A.I. demands for power generation will increase natural gas demand. A.I. data centers requiring more power than can be provided. Excellent dividend yield with new projects on the West Cost. Good for long term investors. 

TOP PICK

A place to hide, even if tariffs go on. Great growth in utilities and mid-stream. Increased dividend. Outlook for nat gas is very strong. Earnings come out around March 7. Growing about 11%, trades at 12x. A 10% tariff would impact sentiment across the board, but not its business as much. Yield is 3.6%.

(Analysts’ price target is $38.44)
HOLD

Problem with the chart is that it's arcing up, making a sharp angle up. Sharp angles up almost always correct, by a little bit or a lot. The trend's been in place long enough that it will probably correct just to the trendline, around $35 or so. As long as it didn't crack $35, he'd continue to own.

TOP PICK

Place to hide that's somewhat immune from tariffs. High growth in both utilities and midstream. Q4 announced the next wave of growth projects to the end of the decade. Increased propane sales, expansion of the North. Decent yield of 3.2%, grows 5% a year.

Stock's had a move, but still a discounted valuation at under 14x. 

(Analysts’ price target is $39.50)
TOP PICK

Half utility, half gas processing. Both segments doing well. Utility side rate base is growing 8%, which is higher than others. Working on large propane export projects off the West Coast. A lot of gas producers are looking for capacity outside the US; Asian markets, for example, have higher pricing. Yield is 3.16%.

(Analysts’ price target is $39.50)