482

Altagas Ltd (ALA-T)

ON STOCKCHASE SINCE Feb 2001

oil/gas

Altagas Ltd
ALA-T

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What the experts are saying about ALA-T

Signal	Opinion	Expert
DON'T BUY	Altagas Ltd(ALA-T) December 13, 2018 Was the decision to cut the dividend a dumb move? That was necessary. Management is like a gang that can't shoot straight. They destroyed this business by making an acquisition in the US. Very disappointed investment. They sold it at around $20. They are trading utilities companies like day trading. Only investment bankers are making money off this company in the last 5 years. oil/gas 0 0 0 0 0 0 comments	Was the decision to cut the dividend a dumb move? That was necessary. Management is like a gang that can't shoot straight. They destroyed this business by making an acquisition in the US. Very disappointed investment. They sold it at around $20. They are trading utilities companies like day trading. Only investment bankers are making money off this company in the last 5 years. oil/gas 0 0 0 0 0 0 comments John O'Connell, Chairman a, Davis Rea... Price $15.050 Owned No

COMMENT	Altagas Ltd(ALA-T) December 10, 2018 They've disappointed investors. Before, you bought a good utility with this, but then they spun it off with a lot of leverage. Some may question if the dividend is sustainable. He doesn't think it'll be immediately cut, but be careful with this one. Other utilities are safer. oil/gas 0 0 0 0 0 0 comments	They've disappointed investors. Before, you bought a good utility with this, but then they spun it off with a lot of leverage. Some may question if the dividend is sustainable. He doesn't think it'll be immediately cut, but be careful with this one. Other utilities are safer. oil/gas 0 0 0 0 0 0 comments Michael Sprung President, Sprung Investment Ma... Price $13.740 Owned Unknown
WATCH	Altagas Ltd(ALA-T) December 7, 2018 They are paying too much in a dividend – twice what they are earning. It is trading at 40% of book value, which is cheap. If the earnings forecast of $1.09 per share comes through next year, it is really cheap today and could bounce back to $21. oil/gas 0 0 0 0 0 0 comments	They are paying too much in a dividend – twice what they are earning. It is trading at 40% of book value, which is cheap. If the earnings forecast of $1.09 per share comes through next year, it is really cheap today and could bounce back to $21. oil/gas 0 0 0 0 0 0 comments Ross Healy Chairman, Strategic Analysis C... Price $14.120 Owned No
DON'T BUY	Altagas Ltd(ALA-T) December 4, 2018 The dividend isn't sustainable, now at 15%. The market has already priced in a dividend cut. He sold his shares in 2016. They blew their brains out on the WGL purchase, then the CEO left. Tax-loss selling is kicking in. But don't sell it now. A new CEO starts at Dec. 13 who may cut the dividend, and ALA may benefit from the January effect. But long-term, don't own this. oil/gas 0 0 0 0 0 0 comments	The dividend isn't sustainable, now at 15%. The market has already priced in a dividend cut. He sold his shares in 2016. They blew their brains out on the WGL purchase, then the CEO left. Tax-loss selling is kicking in. But don't sell it now. A new CEO starts at Dec. 13 who may cut the dividend, and ALA may benefit from the January effect. But long-term, don't own this. oil/gas 0 0 0 0 0 0 comments Brian Madden Senior VP , Goodreid Investment ... Price $14.300 Owned No
DON'T BUY	Altagas Ltd(ALA-T) December 3, 2018 It is a tough call at this stage. They made a pretty bad acquisition in California that is really taking them down. There are better opportunities out there. He prefers KEY-T. oil/gas 0 0 0 0 0 0 comments	It is a tough call at this stage. They made a pretty bad acquisition in California that is really taking them down. There are better opportunities out there. He prefers KEY-T. oil/gas 0 0 0 0 0 0 comments Stephen Takacsy Chief Inve, Lester Asset Managem... Price $14.720 Owned Unknown
DON'T BUY	Altagas Ltd(ALA-T) November 28, 2018 Dividend is over 15% now; it keeps rising because the stock keeps falling. He's short it. It's getting to the point where it's a dangerous short, because it's fallen so fast. It scores at the botom of valuation and price momentum. Balance sheet is okay. Aside from shorting, he wouldn't buy it. He wants to see the trend turn up to buy it; and he wants to see improving earnings. oil/gas 0 0 0 0 0 0 comments	Dividend is over 15% now; it keeps rising because the stock keeps falling. He's short it. It's getting to the point where it's a dangerous short, because it's fallen so fast. It scores at the botom of valuation and price momentum. Balance sheet is okay. Aside from shorting, he wouldn't buy it. He wants to see the trend turn up to buy it; and he wants to see improving earnings. oil/gas 0 0 0 0 0 0 comments Jason Mann CIO & Co-F, Edgehill Patners... Price $14.000 Owned Yes
DON'T BUY	Altagas Ltd(ALA-T) November 28, 2018 The integration of WGL and concerns over funding costs were overshadowed by a weak quarterly earnings report. They sold out at $18.25. They own good quality assets, but financing costs and concerns over higher interest rates is casting doubt out the dividend being maintained. Their risk management would not allow them to enter into this. oil/gas 0 0 0 0 0 0 comments	The integration of WGL and concerns over funding costs were overshadowed by a weak quarterly earnings report. They sold out at $18.25. They own good quality assets, but financing costs and concerns over higher interest rates is casting doubt out the dividend being maintained. Their risk management would not allow them to enter into this. oil/gas 0 0 0 0 0 0 comments Bryden Teich Portfolio , Avenue Investment Ma... Price $14.000 Owned No
COMMENT	Altagas Ltd(ALA-T) November 26, 2018 He bought the spin-off, Altagas Canada, recently, not this; it has a better balance sheet and growth. For ALA, the worry has been over the WGL acqusition and they massively levered to buy it. The spin-off is helping to ease debt. It'll take time to assimilate WGL. Yes, there's tax-loss selling going on now. He wouldn't sell it now, but expect a dividend cut. Look at the spin-off instead. oil/gas 0 0 0 0 0 0 comments	He bought the spin-off, Altagas Canada, recently, not this; it has a better balance sheet and growth. For ALA, the worry has been over the WGL acqusition and they massively levered to buy it. The spin-off is helping to ease debt. It'll take time to assimilate WGL. Yes, there's tax-loss selling going on now. He wouldn't sell it now, but expect a dividend cut. Look at the spin-off instead. oil/gas 0 0 0 0 0 0 comments John Zechner Chairman, J. Zechner & Assoc... Price $14.600 Owned No
SELL	Altagas Ltd(ALA-T) November 26, 2018 He would be inclined to sell. This is not one of the strongest utilities, there are other options. He would like to see what their US acquisition does for them. Their balance sheet is quite over levered. He does not think the current dividend yield of almost 15% is sustainable. oil/gas 0 0 0 0 0 0 comments	He would be inclined to sell. This is not one of the strongest utilities, there are other options. He would like to see what their US acquisition does for them. Their balance sheet is quite over levered. He does not think the current dividend yield of almost 15% is sustainable. oil/gas 0 0 0 0 0 0 comments Matt Kacur President, FSA Financial Scienc... Price $14.600 Owned No
PAST TOP PICK	Altagas Ltd(ALA-T) November 22, 2018 (A Top Pick Sep 13/17, Down 36%) Got out of it at around $20. It was a leverage problem. Since the last quarter there are rumors that the dividend is going to be cut. At 14% yield the distribution is unsustainable. they still have good assets. oil/gas 0 0 0 0 0 0 comments	(A Top Pick Sep 13/17, Down 36%) Got out of it at around $20. It was a leverage problem. Since the last quarter there are rumors that the dividend is going to be cut. At 14% yield the distribution is unsustainable. they still have good assets. oil/gas 0 0 0 0 0 0 comments Paul Gardner, C Partner an, Avenue Investment Ma... Price $15.980 Owned No
BUY	Altagas Ltd(ALA-T) November 16, 2018 Part of the absolute disaster in crude. If you have it, stay in. He’d buy it here. (Analysts’ price target is $21.42) oil/gas 0 0 0 0 0 0 comments	Part of the absolute disaster in crude. If you have it, stay in. He’d buy it here. (Analysts’ price target is $21.42) oil/gas 0 0 0 0 0 0 comments Elliott Fishman Director o, Trading Services Gro... Price $15.750 Owned Unknown
DON'T BUY	Altagas Ltd(ALA-T) November 9, 2018 This name is a bit of a concern. Most of the technicals on this name are negative. It has been on a long downward trend. He does not think the dividend is safe. oil/gas 0 0 0 0 0 0 comments	This name is a bit of a concern. Most of the technicals on this name are negative. It has been on a long downward trend. He does not think the dividend is safe. oil/gas 0 0 0 0 0 0 comments Rob Tetrault Portfolio , Tetrault Wealth Advi... Price $15.750 Owned No
COMMENT	Altagas Ltd(ALA-T) November 6, 2018 Will there be more downward pressure? It's a toughie. They expanded in the U.S and bit off more than they could chew. They also changed top management. Financing didn't go well. It's a comedy of errors. When they announced the dividend cut--and they should. They will get a bottom in place. If ALA does another dilution (which he doesn't expect), that's a caveat. Now, it's very cheap. If you're patient, wait it out. oil/gas 0 0 0 0 0 0 comments	Will there be more downward pressure? It's a toughie. They expanded in the U.S and bit off more than they could chew. They also changed top management. Financing didn't go well. It's a comedy of errors. When they announced the dividend cut--and they should. They will get a bottom in place. If ALA does another dilution (which he doesn't expect), that's a caveat. Now, it's very cheap. If you're patient, wait it out. oil/gas 0 0 0 0 0 0 comments Rick Stuchberry Portfolio , Wellington-Altus Pri... Price $16.050 Owned Unknown
WATCH	Altagas Ltd(ALA-T) November 5, 2018 There is a lot of concern about earnings and viability of the dividend. It looks like TRP-T in 1998 when they talked of reducing their dividend. It reversed since then. ALA-T has a lot of nervousness. All the fundamentals changed and it is now a dangerous stock. We need to wait for a confirmation of the reversal of the downtrend. They got rid of the premium drip program but that is just a drip in the bucket. oil/gas 0 1 0 0 0 0 comments	There is a lot of concern about earnings and viability of the dividend. It looks like TRP-T in 1998 when they talked of reducing their dividend. It reversed since then. ALA-T has a lot of nervousness. All the fundamentals changed and it is now a dangerous stock. We need to wait for a confirmation of the reversal of the downtrend. They got rid of the premium drip program but that is just a drip in the bucket. oil/gas 0 1 0 0 0 0 comments Jeff Parent B. VP & Portf, Castlemoore Inc.... Price $15.040 Owned Unknown
STRONG BUY	Altagas Ltd(ALA-T) November 5, 2018 Can't believe how far down it's at now, at 30% discount to its book value. This has big, big upside. Has a $21 book value, which this could reach without breathing hard. Sometimes stocks sell-off irrationally. oil/gas 0 0 0 0 0 0 comments	Can't believe how far down it's at now, at 30% discount to its book value. This has big, big upside. Has a $21 book value, which this could reach without breathing hard. Sometimes stocks sell-off irrationally. oil/gas 0 0 0 0 0 0 comments Ross Healy Chairman, Strategic Analysis C... Price $15.040 Owned Unknown

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