Transalta Corp

TA-T

TSE:TA

8.47
0.12 (1.40%)
TransAlta Corporation is an electricity power generator and wholesale marketing company headquartered in Calgary, Alberta. It is a privately owned corporation and its shares are traded publicly.
More at Wikipedia

Analysis and Opinions about TA-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
November 9, 2016

Long half of pairs trade (Top Pick Sept 15/16, Down 6.65%) He still likes it a lot and it did well until a couple of days ago. It is a deeply undervalued utility.

Show full opinionHide full opinion
Transalta Corp (TA-T)
November 9, 2016

Long half of pairs trade (Top Pick Sept 15/16, Down 6.65%) He still likes it a lot and it did well until a couple of days ago. It is a deeply undervalued utility.

DON'T BUY
DON'T BUY
October 3, 2016

It is not just the stable generator of electricity any more. Alberta has to go through a full resolution of what they are going to do with coal plants. The dividend has been cut to virtually nothing.

Show full opinionHide full opinion
Transalta Corp (TA-T)
October 3, 2016

It is not just the stable generator of electricity any more. Alberta has to go through a full resolution of what they are going to do with coal plants. The dividend has been cut to virtually nothing.

COMMENT
COMMENT
September 21, 2016

There is too much uncertainty about the Alberta policy vis-à-vis stranded assets, and what compensation they will or won’t get. Until that uncertainty is removed, he would be very careful.

Show full opinionHide full opinion
Transalta Corp (TA-T)
September 21, 2016

There is too much uncertainty about the Alberta policy vis-à-vis stranded assets, and what compensation they will or won’t get. Until that uncertainty is removed, he would be very careful.

TOP PICK
TOP PICK
September 15, 2016

*Long* (Pairs trade with a short on TRP-T). TA-T he was buying as long as a couple of days ago and TRP-T shorting the week before. The ownership of TA renewable in TA-T is worth $7.70 of the share price. At this point the rest of TA-T has a negative value. TRP-T is incredibly expensive. They have excessive debt. They are about to cut the toll of their gas pipeline by 40% which is a major part of their revenue.

Show full opinionHide full opinion
Transalta Corp (TA-T)
September 15, 2016

*Long* (Pairs trade with a short on TRP-T). TA-T he was buying as long as a couple of days ago and TRP-T shorting the week before. The ownership of TA renewable in TA-T is worth $7.70 of the share price. At this point the rest of TA-T has a negative value. TRP-T is incredibly expensive. They have excessive debt. They are about to cut the toll of their gas pipeline by 40% which is a major part of their revenue.

PARTIAL SELL
PARTIAL SELL
July 14, 2016

If you own, he would suggest you lighten up over time. Feels the worst is over. The problem with the company is that power prices in Alberta were weak for some time, and management wasn’t considered to be top of the heap. He would suggest you switch over time to something like Canadian Utilities (CU-T) Fortis (FTS-T) or Emera (EMA-T).

Show full opinionHide full opinion
Transalta Corp (TA-T)
July 14, 2016

If you own, he would suggest you lighten up over time. Feels the worst is over. The problem with the company is that power prices in Alberta were weak for some time, and management wasn’t considered to be top of the heap. He would suggest you switch over time to something like Canadian Utilities (CU-T) Fortis (FTS-T) or Emera (EMA-T).

WAIT
WAIT
June 30, 2016

This company has gone through a lot of trouble. He took a loss on it. The whole space has done well. The chart shows a nice upward trend from January, and is now facing some resistance at around $7. There will be resistance again at $10. It looks like it currently wants to go sideways. Until you see it get above $6.75-$7 range, he wouldn’t add to your holdings.

Show full opinionHide full opinion
Transalta Corp (TA-T)
June 30, 2016

This company has gone through a lot of trouble. He took a loss on it. The whole space has done well. The chart shows a nice upward trend from January, and is now facing some resistance at around $7. There will be resistance again at $10. It looks like it currently wants to go sideways. Until you see it get above $6.75-$7 range, he wouldn’t add to your holdings.

DON'T BUY
DON'T BUY
June 29, 2016

Sold his holdings in the mid-teens. It is unbelievable how far it has dropped. The Alberta electricity/power market is very tough. There is also a big dependence on coal, which is being phased out. It has been rumoured to be for sale for a while now, and there doesn’t seem to be any takers. There are better opportunities elsewhere.

Show full opinionHide full opinion
Transalta Corp (TA-T)
June 29, 2016

Sold his holdings in the mid-teens. It is unbelievable how far it has dropped. The Alberta electricity/power market is very tough. There is also a big dependence on coal, which is being phased out. It has been rumoured to be for sale for a while now, and there doesn’t seem to be any takers. There are better opportunities elsewhere.

DON'T BUY
DON'T BUY
June 9, 2016

It is a good area to be in. It is not exciting. He would not go here. 6.8% yield.

Show full opinionHide full opinion

It is a good area to be in. It is not exciting. He would not go here. 6.8% yield.

COMMENT
COMMENT
June 3, 2016

(Market Call Minute.) One of his favourites. Thinks the worst is behind it. Good price momentum and reasonable valuation. He still thinks the kicker is someone who has been buying a lot of stock.

Show full opinionHide full opinion

(Market Call Minute.) One of his favourites. Thinks the worst is behind it. Good price momentum and reasonable valuation. He still thinks the kicker is someone who has been buying a lot of stock.

SELL
SELL
May 25, 2016

(Market Call Minute.) This company has had trouble for a long time. The fact that they own a lot of coal assets, and a government committed to the latest environmental standards, that is not a good combo.

Show full opinionHide full opinion

(Market Call Minute.) This company has had trouble for a long time. The fact that they own a lot of coal assets, and a government committed to the latest environmental standards, that is not a good combo.

COMMENT
COMMENT
April 25, 2016

2019 bonds for a small portion of a portfolio? This company has kind of fallen on hard times. They are holding about 7X leverage, which is high. Thinks the bonds trade at around 7% which is not overly cheap. If you do this, it will require more diligence.

Show full opinionHide full opinion
Transalta Corp (TA-T)
April 25, 2016

2019 bonds for a small portion of a portfolio? This company has kind of fallen on hard times. They are holding about 7X leverage, which is high. Thinks the bonds trade at around 7% which is not overly cheap. If you do this, it will require more diligence.

TOP PICK
TOP PICK
April 6, 2016

There has been concern that this may be a value trap. It is cheap enough. Price momentum has turned in the coal power generation business, but are transitioning to a renewable model. Thinks the recent dividend cut gives them the flexibility to do that. What is interesting is that you have optionality. Brookfield recently filed that they own just under 5%. They have asked the SEC to hold off on reporting for 6 months. You only do that if you are planning on buying more, or if you are in talks with the company. Dividend yield of 2.69%.

Show full opinionHide full opinion
Transalta Corp (TA-T)
April 6, 2016

There has been concern that this may be a value trap. It is cheap enough. Price momentum has turned in the coal power generation business, but are transitioning to a renewable model. Thinks the recent dividend cut gives them the flexibility to do that. What is interesting is that you have optionality. Brookfield recently filed that they own just under 5%. They have asked the SEC to hold off on reporting for 6 months. You only do that if you are planning on buying more, or if you are in talks with the company. Dividend yield of 2.69%.

HOLD
HOLD
February 22, 2016

Has never owned this. It has gone up very sharply recently, and apparently has to do with some of its renewable energy assets, which seems to be in the sights of Brookfield and another player. There is a suggestion that the renewable part will be taken out at great profit to the shareholders. If you own, you should probably Hold.

Show full opinionHide full opinion
Transalta Corp (TA-T)
February 22, 2016

Has never owned this. It has gone up very sharply recently, and apparently has to do with some of its renewable energy assets, which seems to be in the sights of Brookfield and another player. There is a suggestion that the renewable part will be taken out at great profit to the shareholders. If you own, you should probably Hold.

DON'T BUY
DON'T BUY
February 3, 2016

In the doghouse because it deserves to be in the doghouse. This is a utility. Basically investors buy utility stocks because they are safe and dividends are safe. The dividends usually grow. This one has not been safe. The dividend has not only not been growing, it has been slashed. The company is not that well run.

Show full opinionHide full opinion
Transalta Corp (TA-T)
February 3, 2016

In the doghouse because it deserves to be in the doghouse. This is a utility. Basically investors buy utility stocks because they are safe and dividends are safe. The dividends usually grow. This one has not been safe. The dividend has not only not been growing, it has been slashed. The company is not that well run.

TOP PICK
TOP PICK
February 1, 2016

6.4% bond maturing Nov 18/19 at $96. The yield to maturity is 7.63%, which is still an investment grade bond. It was rated as a BBB minus, but Moody’s downgraded it to one notch below investment grade late last year, and their bonds have fallen by about 15 points. They have 2 bonds maturing between now and 2019. Their forecasts are for about $1 billion in EBITDA in the next 2 years.

Show full opinionHide full opinion
Transalta Corp (TA-T)
February 1, 2016

6.4% bond maturing Nov 18/19 at $96. The yield to maturity is 7.63%, which is still an investment grade bond. It was rated as a BBB minus, but Moody’s downgraded it to one notch below investment grade late last year, and their bonds have fallen by about 15 points. They have 2 bonds maturing between now and 2019. Their forecasts are for about $1 billion in EBITDA in the next 2 years.

Showing 31 to 45 of 572 entries