Capital Power L.P.

CPA.UN-T

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Analysis and Opinions about CPA.UN-T

Signal
Opinion
Expert
BUY
BUY
January 28, 2009
Thinks the distribution is safe. Likes the yields and in a more buoyant market it will go up.
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Thinks the distribution is safe. Likes the yields and in a more buoyant market it will go up.
TOP PICK
TOP PICK
January 5, 2009
(Not to be confused with its parent Epcor, which is owned by Edmonton.) Owns a basket of about 20 power-generating stations. Thinks it has been oversold. Likes the distribution. Use a $16.50 Stop.
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(Not to be confused with its parent Epcor, which is owned by Edmonton.) Owns a basket of about 20 power-generating stations. Thinks it has been oversold. Likes the distribution. Use a $16.50 Stop.
BUY
BUY
October 29, 2008
Power trusts are generally more stable. Just reported earnings and were generally in line. Has some US$ exposure. Pretty strong parent and good management team.
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Power trusts are generally more stable. Just reported earnings and were generally in line. Has some US$ exposure. Pretty strong parent and good management team.
BUY
BUY
September 9, 2008
12% yield. Has utility type income. Stable cash flows. Great name to diversify into.
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12% yield. Has utility type income. Stable cash flows. Great name to diversify into.
WEAK BUY
WEAK BUY
April 28, 2008
Pays distributions on a quarterly basis. Yield of over 11%. Fairly stable set of assets. Payout ratio is higher than he likes. Buy as part of a basket of power trusts. Going out to when their Power Purchase Agreements expire, their assets are not hydrology but have a lot of gas-fired plants which require capital expenditure every 15 years or so.
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Pays distributions on a quarterly basis. Yield of over 11%. Fairly stable set of assets. Payout ratio is higher than he likes. Buy as part of a basket of power trusts. Going out to when their Power Purchase Agreements expire, their assets are not hydrology but have a lot of gas-fired plants which require capital expenditure every 15 years or so.
TOP PICK
TOP PICK
December 4, 2007
Had been beaten up quite a bit but recently had a nice little recovery. Well diversified across 20 different power facilities through natural gas, hydro and biomass. Market has over penalized and it is cheap. Over 11% yield. Defensive.
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Had been beaten up quite a bit but recently had a nice little recovery. Well diversified across 20 different power facilities through natural gas, hydro and biomass. Market has over penalized and it is cheap. Over 11% yield. Defensive.
BUY
BUY
November 28, 2007
Thinks distribution is safe. Has been really beaten up here. Investors are concerned about their US$ exposure but they have hedges on about 70% of their cash flow. 50% stake in Primary Energy recycling (PRI.UN-T), which suspended their distributions, but expects it will be reinstated. Yield of about 12%.
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Thinks distribution is safe. Has been really beaten up here. Investors are concerned about their US$ exposure but they have hedges on about 70% of their cash flow. 50% stake in Primary Energy recycling (PRI.UN-T), which suspended their distributions, but expects it will be reinstated. Yield of about 12%.
BUY
BUY
November 8, 2007
Diversified with both natural gas and coal. They have a 15% interest in Primary Energy (PRI.UN-T), which recently released some bad results. At these levels it represents very good value for the long term.
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Diversified with both natural gas and coal. They have a 15% interest in Primary Energy (PRI.UN-T), which recently released some bad results. At these levels it represents very good value for the long term.
HOLD
HOLD
September 21, 2007
Dividend is fairly safe. Have had concerns about some of their long-term contracts as to whether they will be able to roll them over at the current attractive rates. Should be okay for a couple of years. Well diversified asset base.
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Capital Power L.P. (CPA.UN-T)
September 21, 2007
Dividend is fairly safe. Have had concerns about some of their long-term contracts as to whether they will be able to roll them over at the current attractive rates. Should be okay for a couple of years. Well diversified asset base.
HOLD
HOLD
August 8, 2007
A decent name to hold. With these contractually based, electric generating utility type assets, there is an issue where there is so much cash flow being paid out that it is interest-rate sensitive. 10% yield is very safe.
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A decent name to hold. With these contractually based, electric generating utility type assets, there is an issue where there is so much cash flow being paid out that it is interest-rate sensitive. 10% yield is very safe.
COMMENT
COMMENT
July 25, 2007
Power generator with assets both in Canada and the US. Many of the assets are fired by natural gas, whose prices have gone up faster than power contracts. In the short term, there is very little risk, but longer term you have to wonder about the currency exposure.
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Power generator with assets both in Canada and the US. Many of the assets are fired by natural gas, whose prices have gone up faster than power contracts. In the short term, there is very little risk, but longer term you have to wonder about the currency exposure.
COMMENT
COMMENT
June 20, 2007
Recent environmental policy decisions seem to penalize the people who have done the most. They're going to have to reduce emissions. Pretty solid value at 8 X cash flow.
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Recent environmental policy decisions seem to penalize the people who have done the most. They're going to have to reduce emissions. Pretty solid value at 8 X cash flow.
HOLD
HOLD
March 20, 2007
Yield of about 9.5%. As a little bit higher debt level than others, but as a utility, the cash flow is pretty reliable. It should continue to prosper because of electricity needs.
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Yield of about 9.5%. As a little bit higher debt level than others, but as a utility, the cash flow is pretty reliable. It should continue to prosper because of electricity needs.
BUY
BUY
March 14, 2007
One of the better trusts and better yields in that sector. You have another good 3 years to own.
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One of the better trusts and better yields in that sector. You have another good 3 years to own.
BUY
BUY
February 13, 2007
Thinks it was oversold. Very good value.
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Thinks it was oversold. Very good value.
Showing 16 to 30 of 41 entries