Altagas Ltd (ALA.TO)

He would buy this when it is down. An energy infrastructure company, but doesn’t get credit that a lot of its operating profit is not particularly commodity sensitive. Has great renewable energy contracts, 20-25 years duration, indexed to inflation. On top of that, there is a US acquisition they will be completing next year, which reduces their commodity price exposure even further. Hopefully that causes the stock to get re-rated. Dividend yield of 7.6%.

This has fantastic dividends, and similar companies have increased dividends year after year. They’re working on a lot of projects. Interest rates bumped up a little, which hurts their multiples. With oil prices being depressed, people are not sure if some of their big projects will go forward. There is room in your portfolio for one or 2 of these types of utilities. However, don’t fill your portfolio with all interest rate sensitive stocks. If you are wrong, and interest rates start to move, you don’t want to be caught. Dividend yield of about 7.5%.

Hoping to close a huge US utility acquisition. Chart shows a bit of base at around $27. The recent earnings report was really good. Raised their dividend which laid the concerns about the acquisition being dilutive. Although not a pure energy play, you are getting exposure to gas, you are going to get exposure to other parts of their business. Expects it could reach $35. Dividend yield of 7.5%. (Analysts’ price target is $33.50.)

Technicals are showing a really good risk/reward. Chart is showing it is running at a good level since mid-2015. If something happens below that level, you know you are missing some information that hasn't been released or, if it has been released and the market doesn't like it, you have to get out of the name. Dividend Yield of 7.6%. (Analysts' price target is $33.)

Has had quite a cloud hanging over it. From a technical or seasonal perspective, it is not something he would be taking a look at. Chart is showing this is starting to have an uptick, which is positive from a technical perspective. If it breaks above the $29.50-$30 level, that would be a positive signal.

In the process of completing a huge merger with a Washington DC company. To him, it is a very strange marriage. He wants to see what comes out of that before getting into it. 7.6% dividend yield.

This got beat up with the overall industry. He just started picking some up in the last month or 2. Technically, he feels the bottom is in and the stock is starting to make some gains. This is not for the faint of heart as it is going to have some volatility. As long as you have a medium to high risk tolerance, it’s a name that you could look at accumulating.

He sold around $40. They acquired some things in the last few years. They are still in transition, sorting out what they will keep. The yield is safe. He is waiting for their yield plus growth to reach 10%.

This provides energy infrastructure. They own power generation assets. In the process of completing a US large acquisition, this is supposed to close in the 1^st half of 2018. That really changes the dynamic of the business. To fund this acquisition, they have to sell some assets, which include some California power generation assets which they bought, which were underpinned by power purchase agreements, where the power price they are getting is about half of what the current merchant price is, so those have to get refinanced and re-contracted. Dividend yield of 7.4%. (Analysts’ price target is $33.)

When you have an unusually high dividend, it is sometimes an opportunity but more often it is a sign that the market is selling off the stock thinking there is worse times coming. ALA-T is in a down trend. Until lower lows and lower highs stop, it is in a downward trend. The market may be forecasting a cut in the dividend.

(A Top Pick Nov 10/16. Down 5%.) Now trading at a 7.3% yield and looks like they’re going to increase the dividend in the 4^th quarter. With stocks like this, high quality with sustainable dividend yields, you can keep buying into weakness. When the strength comes you own lots of it with a good yield. They are undergoing a major acquisition, and the market perceives it to be a funding gap on how they are going to fund the purchase price.

A bit decentralized as they operate in a lot of districts, California, BC, Alberta, Michigan, and now trying to acquire a utility provider in the Maryland-DC-Virginia area. Feels the company is misunderstood. Management explained “The market perceives a funding gap for the acquisition, but if we were selling assets right now, the regulator who has to approve the transaction would think that was presumptuous.”, meaning they would think they were getting ahead of themselves by purchasing this asset before the regulator said yes. They are just minding their Ps & Qs with the regulator and have a plan ready to go. Dividend yield of 7.3%. (Analysts’ price target is $33.50.)

Energy infrastructures are going to start to come alive with a better energy trade. They did an acquisition and are pinched a little by the rising Cdn$, but all in all thinks it is going to work out for them. 3% dividend yield.

A good combination of a mid-streamer as well as a utility. They’ve migrated more into the power producer and utility area. They continued to make that migration by making a big US acquisition, which should close some time next year. The stock has been in neutral as investors wait to make sure the deal closes. Pays a good dividend. Will probably move sideways until the deal closes, and then do better after that.

This has gone through a pretty brutal year. He owns this in certain accounts for the income. Pays a 7.2% yield, and that dividend is safe. They have power plants in California that they need to get contracts for, which is a bit of an overhang. But then they made the GWL acquisition, a gas distributor on the east coast. It is going to take time to settle. The stock went down on no news, which is an interesting signal, physically saying that Selling is done. That is an interesting time to pick up the stock. You are getting paid while you wait.