
TSE:AQN
Power business married with a utility business. Probably worth $7 and he would probably nibble away in the low $6’s. Some of their acquisitions have exposed them to a little bit of the merchant power sector, meaning their generation isn’t fully contracted for the long-term but doesn’t think this will be a significant component of cash flow going forward.
Was concerned about this a couple of years ago when the US housing market tanked. One of their growth areas was in Arizona. Recently people have started to realize that this is a pretty solid outfit. Good diversification of assets being in Hydro and specialty power production. Good safe stock to be in. Feels the 4.14% dividend is quite safe.