Altagas Ltd | StockChase
362
Altagas Ltd (ALA-T)

Last Price Recorded: $29.2000 on 2017-12-14

ON STOCKCHASE SINCE Feb 2001

oil/gas
362
Altagas Ltd (ALA-T)

Last Price Recorded: $29.2000 on 2017-12-14

ON STOCKCHASE SINCE Feb 2001

oil/gas

Altagas Ltd


Signal Opinion Expert
BUY
Altagas Ltd(ALA-T) 

December 14, 2017

He likes the name.  There is the uncertainty of the acquisition in the US.  They are going through the process of getting state approval.  They are down to one district.  It will probably come in March or April.  Some announced divestitures will probably be a catalyst for the stock.

oil/gas

He likes the name.  There is the uncertainty of the acquisition in the US.  They are going through the process of getting state approval.  They are down to one district.  It will probably come in March or April.  Some announced divestitures will probably be a catalyst for the stock.

oil/gas
Michael Simpson, CFA

Senior Vice-President, Sentry Investments...

PricePrice
$29.200
Owned Owned
Unknown

BUY
Altagas Ltd(ALA-T) 

December 12, 2017

Alta Gas (ALA-T) or Inter Pipeline (IPL-T)? This has a US acquisition which is expected to close next year that provides an attractive yield. She doesn't have a bias towards one or the other, and you can do either one.

oil/gas

Alta Gas (ALA-T) or Inter Pipeline (IPL-T)? This has a US acquisition which is expected to close next year that provides an attractive yield. She doesn't have a bias towards one or the other, and you can do either one.

oil/gas
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$28.840
Owned Owned
Yes

COMMENT
Altagas Ltd(ALA-T) 

December 6, 2017

This has done nothing, but it pays a decent dividend of 7.5%. Recently increased the dividend by about 4%. They are making a big acquisition in the US, but the regulatory process is very slow. They are dealing with 3 states and the District of Columbia, and have to go through each one. He thinks it will go through and will be a good deal for them.

oil/gas

This has done nothing, but it pays a decent dividend of 7.5%. Recently increased the dividend by about 4%. They are making a big acquisition in the US, but the regulatory process is very slow. They are dealing with 3 states and the District of Columbia, and have to go through each one. He thinks it will go through and will be a good deal for them.

oil/gas
Douglas Kee

Chief Investment Officer, Leon Frazer & Associ...

PricePrice
$29.010
Owned Owned
Yes

PAST TOP PICK
Altagas Ltd(ALA-T) 

December 4, 2017

(A Top Pick Oct 28/16. Down 7%.) He still likes this. The stock had a bottoming process in Aug/Sept. There is some resistance at around $30 which he would like to get above, which would get this back in the $31 range, and then there is not a lot of room before it can get back up to $35. The numbers are starting to look pretty good. They just raised the dividend, so it should be safe. Still a Buy.

oil/gas

(A Top Pick Oct 28/16. Down 7%.) He still likes this. The stock had a bottoming process in Aug/Sept. There is some resistance at around $30 which he would like to get above, which would get this back in the $31 range, and then there is not a lot of room before it can get back up to $35. The numbers are starting to look pretty good. They just raised the dividend, so it should be safe. Still a Buy.

oil/gas
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$29.090
Owned Owned
Yes

BUY
Altagas Ltd(ALA-T) 

December 1, 2017

He owns it in income oriented accounts for the yield.  They are paying, and recently increased, the dividend.  They announced the acquisition of WGL-N and would have to raise capital, which spooked the market.     After this they will become a significant player n the US. 

oil/gas

He owns it in income oriented accounts for the yield.  They are paying, and recently increased, the dividend.  They announced the acquisition of WGL-N and would have to raise capital, which spooked the market.     After this they will become a significant player n the US. 

oil/gas
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment M...

PricePrice
$29.400
Owned Owned
Yes

BUY on WEAKNESS
Altagas Ltd(ALA-T) 

November 29, 2017

He would buy this when it is down. An energy infrastructure company, but doesn’t get credit that a lot of its operating profit is not particularly commodity sensitive. Has great renewable energy contracts, 20-25 years duration, indexed to inflation. On top of that, there is a US acquisition they will be completing next year, which reduces their commodity price exposure even further. Hopefully that causes the stock to get re-rated. Dividend yield of 7.6%.

oil/gas

He would buy this when it is down. An energy infrastructure company, but doesn’t get credit that a lot of its operating profit is not particularly commodity sensitive. Has great renewable energy contracts, 20-25 years duration, indexed to inflation. On top of that, there is a US acquisition they will be completing next year, which reduces their commodity price exposure even further. Hopefully that causes the stock to get re-rated. Dividend yield of 7.6%.

oil/gas
Andy Nasr

VP & Investment Strategist, Sentry Investments...

PricePrice
$29.030
Owned Owned
Yes

COMMENT
Altagas Ltd(ALA-T) 

November 27, 2017

This has fantastic dividends, and similar companies have increased dividends year after year. They’re working on a lot of projects. Interest rates bumped up a little, which hurts their multiples. With oil prices being depressed, people are not sure if some of their big projects will go forward. There is room in your portfolio for one or 2 of these types of utilities. However, don’t fill your portfolio with all interest rate sensitive stocks. If you are wrong, and interest rates start to move, you don’t want to be caught. Dividend yield of about 7.5%.

oil/gas

This has fantastic dividends, and similar companies have increased dividends year after year. They’re working on a lot of projects. Interest rates bumped up a little, which hurts their multiples. With oil prices being depressed, people are not sure if some of their big projects will go forward. There is room in your portfolio for one or 2 of these types of utilities. However, don’t fill your portfolio with all interest rate sensitive stocks. If you are wrong, and interest rates start to move, you don’t want to be caught. Dividend yield of about 7.5%.

oil/gas
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Manage...

PricePrice
$29.330
Owned Owned
Unknown

TOP PICK
Altagas Ltd(ALA-T) 

November 17, 2017

Hoping to close a huge US utility acquisition. Chart shows a bit of base at around $27. The recent earnings report was really good. Raised their dividend which laid the concerns about the acquisition being dilutive. Although not a pure energy play, you are getting exposure to gas, you are going to get exposure to other parts of their business. Expects it could reach $35. Dividend yield of 7.5%. (Analysts’ price target is $33.50.)

oil/gas

Hoping to close a huge US utility acquisition. Chart shows a bit of base at around $27. The recent earnings report was really good. Raised their dividend which laid the concerns about the acquisition being dilutive. Although not a pure energy play, you are getting exposure to gas, you are going to get exposure to other parts of their business. Expects it could reach $35. Dividend yield of 7.5%. (Analysts’ price target is $33.50.)

oil/gas
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$29.010
Owned Owned
Yes

TOP PICK
Altagas Ltd(ALA-T) 

October 30, 2017

Technicals are showing a really good risk/reward. Chart is showing it is running at a good level since mid-2015. If something happens below that level, you know you are missing some information that hasn't been released or, if it has been released and the market doesn't like it, you have to get out of the name. Dividend Yield of 7.6%. (Analysts' price target is $33.)

oil/gas

Technicals are showing a really good risk/reward. Chart is showing it is running at a good level since mid-2015. If something happens below that level, you know you are missing some information that hasn't been released or, if it has been released and the market doesn't like it, you have to get out of the name. Dividend Yield of 7.6%. (Analysts' price target is $33.)

oil/gas
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$29.240
Owned Owned
Yes

COMMENT
Altagas Ltd(ALA-T) 

October 27, 2017

Has had quite a cloud hanging over it. From a technical or seasonal perspective, it is not something he would be taking a look at. Chart is showing this is starting to have an uptick, which is positive from a technical perspective. If it breaks above the $29.50-$30 level, that would be a positive signal.

oil/gas

Has had quite a cloud hanging over it. From a technical or seasonal perspective, it is not something he would be taking a look at. Chart is showing this is starting to have an uptick, which is positive from a technical perspective. If it breaks above the $29.50-$30 level, that would be a positive signal.

oil/gas
Brooke Thackray

President, Jov Investment Manag...

PricePrice
$28.960
Owned Owned
Unknown

WAIT
Altagas Ltd(ALA-T) 

October 27, 2017

In the process of completing a huge merger with a Washington DC company. To him, it is a very strange marriage. He wants to see what comes out of that before getting into it. 7.6% dividend yield.

oil/gas

In the process of completing a huge merger with a Washington DC company. To him, it is a very strange marriage. He wants to see what comes out of that before getting into it. 7.6% dividend yield.

oil/gas
David Cockfield

Managing Director, Northland Wealth Man...

PricePrice
$28.960
Owned Owned
No

COMMENT
Altagas Ltd(ALA-T) 

October 25, 2017

This got beat up with the overall industry. He just started picking some up in the last month or 2. Technically, he feels the bottom is in and the stock is starting to make some gains. This is not for the faint of heart as it is going to have some volatility. As long as you have a medium to high risk tolerance, it’s a name that you could look at accumulating.

oil/gas

This got beat up with the overall industry. He just started picking some up in the last month or 2. Technically, he feels the bottom is in and the stock is starting to make some gains. This is not for the faint of heart as it is going to have some volatility. As long as you have a medium to high risk tolerance, it’s a name that you could look at accumulating.

oil/gas
Cole Kachur

Senior Wealth Advisor, ScotiaWealth Managem...

PricePrice
$28.630
Owned Owned
Yes

WAIT
Altagas Ltd(ALA-T) 

October 23, 2017

He sold around $40.  They acquired some things in the last few years.  They are still in transition, sorting out what they will keep.  The yield is safe.  He is waiting for their yield plus growth to reach 10%.

oil/gas

He sold around $40.  They acquired some things in the last few years.  They are still in transition, sorting out what they will keep.  The yield is safe.  He is waiting for their yield plus growth to reach 10%.

oil/gas
Rick Stuchberry

Portfolio Manager, Richardson GMP...

PricePrice
$29.350
Owned Owned
No

TOP PICK
Altagas Ltd(ALA-T) 

October 19, 2017

This provides energy infrastructure. They own power generation assets. In the process of completing a US large acquisition, this is supposed to close in the 1st half of 2018. That really changes the dynamic of the business. To fund this acquisition, they have to sell some assets, which include some California power generation assets which they bought, which were underpinned by power purchase agreements, where the power price they are getting is about half of what the current merchant price is, so those have to get refinanced and re-contracted. Dividend yield of 7.4%. (Analysts’ price target is $33.)

oil/gas

This provides energy infrastructure. They own power generation assets. In the process of completing a US large acquisition, this is supposed to close in the 1st half of 2018. That really changes the dynamic of the business. To fund this acquisition, they have to sell some assets, which include some California power generation assets which they bought, which were underpinned by power purchase agreements, where the power price they are getting is about half of what the current merchant price is, so those have to get refinanced and re-contracted. Dividend yield of 7.4%. (Analysts’ price target is $33.)

oil/gas
Andy Nasr

VP & Investment Strategist, Sentry Investments...

PricePrice
$29.540
Owned Owned
Yes

DON'T BUY
Altagas Ltd(ALA-T) 

October 16, 2017

When you have an unusually high dividend, it is sometimes an opportunity but more often it is a sign that the market is selling off the stock thinking there is worse times coming.  ALA-T is in a down trend.  Until lower lows and lower highs stop, it is in a downward trend.  The market may be forecasting a cut in the dividend.

oil/gas

When you have an unusually high dividend, it is sometimes an opportunity but more often it is a sign that the market is selling off the stock thinking there is worse times coming.  ALA-T is in a down trend.  Until lower lows and lower highs stop, it is in a downward trend.  The market may be forecasting a cut in the dividend.

oil/gas
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$28.430
Owned Owned
Unknown

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5 Comments

Mark Sewell

January 31st 2014 at 3:28pm

Excellent company, just sold it today.
Too hot and needs a pull back to the lower band of the daily channel ($36-37)
it is on my radar.

Mark Sewell

January 31st 2014 at 3:29pm

Excellent company, just sold it today.
Too hot and needs a pull back to the lower band of the daily channel ($36-37)
it is on my radar.

Mark Sewell

January 31st 2014 at 3:33pm

Excellent company, just sold it today.
Too hot and needs a pull back to the lower band of the daily channel ($36-37)
it is on my radar.

jordy

March 4th 2014 at 7:06am

TD forecasting free cash flow of $4.03 for 2015. Nice chart. What's not to like?

jordy

March 4th 2014 at 7:06am

TD forecasting free cash flow of $4.03 for 2015. Nice chart. What's not to like?


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