Capital Power L.P.

CPA.UN-T

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about CPA.UN-T

Signal
Opinion
Expert
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.
(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.
Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.
Price
$18.670
Owned
Yes
BUY
BUY
October 29, 2008
Power trusts are generally more stable. Just reported earnings and were generally in line. Has some US$ exposure. Pretty strong parent and good management team.
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.
Robert Lauzon
Deputy Chief Investment Officer, Middlefield Capital Corporation
Price
$16.700
Owned
Unknown
BUY
BUY
September 9, 2008
12% yield. Has utility type income. Stable cash flows. Great name to diversify into.
12% yield. Has utility type income. Stable cash flows. Great name to diversify into.
Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$21.650
Owned
Yes
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.
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.
Robert Lauzon
Deputy Chief Investment Officer, Middlefield Capital Corporation
Price
$22.510
Owned
Unknown
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.
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.
Kevin Hall BComm, CFA
Managing Director, Guardian Capital
Price
$22.690
Owned
Yes
BUY
BUY
November 28, 2007
Thinks distribution is safe. Has been really beaten up here. Investors are concerned about their US$ 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%.
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%.
Michele Robitaille
Portfolio Manager, Guardian Capital
Price
$20.820
Owned
Yes
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.
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.
Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$22.550
Owned
No
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.
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.
Patrick Kim
Vice President and Portfolio Manager, KBSH Capital Management
Price
$24.480
Owned
Unknown
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.
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.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$25.320
Owned
Unknown
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.
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.
Leslie Lundquist
Lead Manager, Jones Heward Investment Counsel
Price
$27.060
Owned
Unknown
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.
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.
Michael Decter
President & CEO, Lawrence Decter Investment Counsel
Price
$26.660
Owned
Unknown
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.
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.
Neil Wickham
President, Wickham Investment Counsel
Price
$26.560
Owned
Unknown
BUY
BUY
March 14, 2007
One of the better trusts and better yields in that sector. You have another good 3 years to own.
One of the better trusts and better yields in that sector. You have another good 3 years to own.
David Baskin
President, Baskin Wealth Management
Price
$26.280
Owned
Yes
BUY
BUY
February 13, 2007
Thinks it was oversold. Very good value.
Thinks it was oversold. Very good value.
David Baskin
President, Baskin Wealth Management
Price
$25.600
Owned
Yes
BUY
BUY
January 5, 2007
Feels the distribution is safe. Expects some modest increase in valuation.
Feels the distribution is safe. Expects some modest increase in valuation.
John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$26.710
Owned
Yes
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