Altagas Ltd (ALA-T) Stock Predictions - Stockchase
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Altagas Ltd (ALA-T)

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Altagas Ltd

ALA-T

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Altagas Ltd (ALA-T) SAVE Jan, 24, 2019, 4:01 am

13.95 0.02 (0.14%)

About Altagas Ltd (ALA-T)

AltaGas is a North American energy infrastructure company based in Calgary, Alberta. The company operates in three business segments: gas, power generation, and utilities. The company is in the process of acquiring WGL Holdings. More at Wikipedia

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DON'T BUY
Altagas Ltd(ALA-T) 

January 21, 2019

It has been a turnaround management style since the low $30s. They bit off bit more than they could chew. They have spun off some Canadian assets because they loaded on the debt. It has the potential of a nice yield but he worries that they might be in a position that the growth part could be sold off. It is 6.8% after the dividend cut.
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It has been a turnaround management style since the low $30s. They bit off bit more than they could chew. They have spun off some Canadian assets because they loaded on the debt. It has the potential of a nice yield but he worries that they might be in a position that the growth part could be sold off. It is 6.8% after the dividend cut.
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Rick Stuchberry

Portfolio , Wellington-Altus Pri...

Price Price
$14.180
Owned Owned
Unknown

DON'T BUY
Altagas Ltd(ALA-T) 

January 17, 2019

Like Enbridge Jr., where debt's crowding them out and they can't afford the dividend. Dividend cut never good for long-term investors. Highlights the difference from quality companies. Problem with utilities is that rates are higher, so ALA has to live with what they have. Not a quality company, reduction in credit rating. If you want quality, this is not one to own.
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Like Enbridge Jr., where debt's crowding them out and they can't afford the dividend. Dividend cut never good for long-term investors. Highlights the difference from quality companies. Problem with utilities is that rates are higher, so ALA has to live with what they have. Not a quality company, reduction in credit rating. If you want quality, this is not one to own.
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David Driscoll

President , Liberty Internationa...

Price Price
$13.960
Owned Owned
No

PAST TOP PICK
Altagas Ltd(ALA-T) 

January 16, 2019

(A Top Pick Oct 30/18, Down 16%) He will continue to buy this with a long-term horizon. They did cut their dividend, but he's comfortable with their guidance. A good cash-flow payer.
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(A Top Pick Oct 30/18, Down 16%) He will continue to buy this with a long-term horizon. They did cut their dividend, but he's comfortable with their guidance. A good cash-flow payer.
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Jaime Carrasco

Portfolio , Canaccord Genuity...

Price Price
$13.800
Owned Owned
Yes

PAST TOP PICK
Altagas Ltd(ALA-T) 

January 15, 2019

(A Top Pick Jan 04/18, Down 47%) He continues to support this even though 2018 was difficult for their investors. You must take the long view, and ALA has long-term assets, with over 66% of their assets being contracted utilities. ALA's U.S. acquisition will continue to grow. Utilities typically have weak Q3s because of weaker heating/cooling demand, but Q4 should be stronger. ALA needs to execute growth in northern BC with the new propane export terminal that'll come on in Q2; he expects growth here. Compare to Transcanada when they cut their dividend in 1998: their stock plunged from $30 to $10, then they increased their dividend 2.5x; and today shares are over $50. ALA can do the same with sharp execution. He continues to average down.
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(A Top Pick Jan 04/18, Down 47%) He continues to support this even though 2018 was difficult for their investors. You must take the long view, and ALA has long-term assets, with over 66% of their assets being contracted utilities. ALA's U.S. acquisition will continue to grow. Utilities typically have weak Q3s because of weaker heating/cooling demand, but Q4 should be stronger. ALA needs to execute growth in northern BC with the new propane export terminal that'll come on in Q2; he expects growth here. Compare to Transcanada when they cut their dividend in 1998: their stock plunged from $30 to $10, then they increased their dividend 2.5x; and today shares are over $50. ALA can do the same with sharp execution. He continues to average down.
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Ryan Bushell

President, Newhaven Asset Manag...

Price Price
$13.920
Owned Owned
Yes

DON'T BUY
Altagas Ltd(ALA-T) 

January 15, 2019

People have bought it for the yield and because it was well diversified between regulated and non-regulated assets. But then they sold some assets. Probably fairly valued here. Can't tell how stable the dividend is. In the quasi-utility sector, he'd look at other companies.
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People have bought it for the yield and because it was well diversified between regulated and non-regulated assets. But then they sold some assets. Probably fairly valued here. Can't tell how stable the dividend is. In the quasi-utility sector, he'd look at other companies.
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Michael Sprung

President, Sprung Investment Ma...

Price Price
$13.920
Owned Owned
Unknown

BUY
Altagas Ltd(ALA-T) 

January 10, 2019

As it declined he would not go long. It would be a case of getting out quick enough. It is trying to base now, since Dec 24th. It needs to get above the $16-17 range. They reduced their dividend, which the market expected. He uses a drip on this.
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As it declined he would not go long. It would be a case of getting out quick enough. It is trying to base now, since Dec 24th. It needs to get above the $16-17 range. They reduced their dividend, which the market expected. He uses a drip on this.
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$14.100
Owned Owned
Yes

DON'T BUY
Altagas Ltd(ALA-T) 

January 10, 2019

They bought a large operation in the US and then sold some assets to finance it. The market did not like it and eventually they cut the dividend. She likes other infrastructure companies that have more visibility in terms of cash flow and better growth profiles.

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They bought a large operation in the US and then sold some assets to finance it. The market did not like it and eventually they cut the dividend. She likes other infrastructure companies that have more visibility in terms of cash flow and better growth profiles.

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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$14.100
Owned Owned
No

COMMENT
Altagas Ltd(ALA-T) 

January 3, 2019

It was a disappointment in 2018. Their acquisition caused them to take on a lot of debt. People's appetite for debt laden companies came off the table. They restructured and took some debt off the table. The market didn't like their reduction in investment rating by a ratings company. It is still yielding 7% and they have an export terminal and they bought some gas assets that will generate some cash. The only issue is how they will raise money to address their remaining debt.
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It was a disappointment in 2018. Their acquisition caused them to take on a lot of debt. People's appetite for debt laden companies came off the table. They restructured and took some debt off the table. The market didn't like their reduction in investment rating by a ratings company. It is still yielding 7% and they have an export terminal and they bought some gas assets that will generate some cash. The only issue is how they will raise money to address their remaining debt.
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Lyle Stein

Sr. Portfo, Vestcap Investment M...

Price Price
$14.090
Owned Owned
Unknown

DON'T BUY
Altagas Ltd(ALA-T) 

December 31, 2018

It is beaten up. The debt and acquisition they did. The spin out, AUI-T, he owns and likes. It has a safer yield.
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It is beaten up. The debt and acquisition they did. The spin out, AUI-T, he owns and likes. It has a safer yield.
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John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$13.900
Owned Owned
No

COMMENT
Altagas Ltd(ALA-T) 

December 31, 2018

A lot of the pain is now behind them. But don't expect a quick recovery. They just cut their dividend and are selling their Canadian divisions to reduce their heavy leverage. They might be fine. But this could be in $10-15 for some time. It takes time to de-leverage. But the worst is certainly behind them.
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A lot of the pain is now behind them. But don't expect a quick recovery. They just cut their dividend and are selling their Canadian divisions to reduce their heavy leverage. They might be fine. But this could be in $10-15 for some time. It takes time to de-leverage. But the worst is certainly behind them.
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Chris Stuchberr

Portfolio , Wellington-Altus Pri...

Price Price
$13.900
Owned Owned
Unknown

DON'T BUY
Altagas Ltd(ALA-T) 

December 21, 2018

Time to buy? You can't find a good chart these days. But the longer term trend was bearish to begin with, and now with the recent waterfall, it's gone down. Market's oversold, and you could get a bounce, but that's all he'd look for. He starts with technicals, so he wouldn't even be looking at this stock.
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Time to buy? You can't find a good chart these days. But the longer term trend was bearish to begin with, and now with the recent waterfall, it's gone down. Market's oversold, and you could get a bounce, but that's all he'd look for. He starts with technicals, so he wouldn't even be looking at this stock.
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Keith Richards

Portfolio , ValueTrend Wealth Ma...

Price Price
$12.750
Owned Owned
Unknown

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.
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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.
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John O'Connell,

Chairman a, Davis Rea...

Price Price
$15.050
Owned 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.
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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.
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Michael Sprung

President, Sprung Investment Ma...

Price Price
$13.740
Owned 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.
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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.
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Ross Healy

Chairman, Strategic Analysis C...

Price Price
$14.120
Owned 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.
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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.
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Brian Madden

Senior VP , Goodreid Investment ...

Price Price
$14.300
Owned 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.
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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.
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Stephen Takacsy

Chief Inve, Lester Asset Managem...

Price Price
$14.720
Owned 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.
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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.
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Jason Mann

CIO & Co-F, Edgehill Patners...

Price Price
$14.000
Owned 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.
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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.
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Bryden Teich

Portfolio , Avenue Investment Ma...

Price Price
$14.000
Owned 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.
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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.
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John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$14.600
Owned 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.
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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.
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Matt Kacur

President, FSA Financial Scienc...

Price Price
$14.600
Owned 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.
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(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.
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Paul Gardner, C

Partner an, Avenue Investment Ma...

Price Price
$15.980
Owned 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)
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Part of the absolute disaster in crude. If you have it, stay in. He’d buy it here. (Analysts’ price target is $21.42)
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Elliott Fishman

Director o, Trading Services Gro...

Price Price
$15.750
Owned 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.
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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.
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Rob Tetrault

Portfolio , Tetrault Wealth Advi...

Price Price
$15.750
Owned 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.
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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.
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Rick Stuchberry

Portfolio , Wellington-Altus Pri...

Price Price
$16.050
Owned 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.
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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.
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Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price Price
$15.040
Owned 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.
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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.
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Ross Healy

Chairman, Strategic Analysis C...

Price Price
$15.040
Owned Owned
Unknown

DON'T BUY
Altagas Ltd(ALA-T) 

November 2, 2018

Sell after doubling down recently? They'll likely cut the dividend; that's why there's major selling. They swallowed a lot of debt to pay for the WGL purchase. They sold some assets, but it's not enough--they need to sell more. They just missed targets badly. Failed to pay a good price for WGL and he doesn't feel they can absorb WGL with its other assets.
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Sell after doubling down recently? They'll likely cut the dividend; that's why there's major selling. They swallowed a lot of debt to pay for the WGL purchase. They sold some assets, but it's not enough--they need to sell more. They just missed targets badly. Failed to pay a good price for WGL and he doesn't feel they can absorb WGL with its other assets.
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David Driscoll

President , Liberty Internationa...

Price Price
$15.270
Owned Owned
Unknown

HOLD
Altagas Ltd(ALA-T) 

November 1, 2018

They just pulled off a huge acquisition in the US. If we can close above the $20 level then there should be a bigger shift underway and the stock is improving. There was a short term base forming over the last couple of days. If we close below the lows of the last couple of days then you should reduce exposure. Wait before you buy it.
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They just pulled off a huge acquisition in the US. If we can close above the $20 level then there should be a bigger shift underway and the stock is improving. There was a short term base forming over the last couple of days. If we close below the lows of the last couple of days then you should reduce exposure. Wait before you buy it.
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Javed Mirza

Technical , Canaccord Genuity ...

Price Price
$15.880
Owned Owned
Unknown

DON'T BUY
Altagas Ltd(ALA-T) 

October 31, 2018

Dividend of 13%, so expect a 50% dividend cut. This has been a complete disaster. Yes, dividends are great but what's a company's payout ratio and industry they're in? Look for dividend growers instead.
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Dividend of 13%, so expect a 50% dividend cut. This has been a complete disaster. Yes, dividends are great but what's a company's payout ratio and industry they're in? Look for dividend growers instead.
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Barry Schwartz

CIO & Port, Baskin Wealth Manage...

Price Price
$16.550
Owned Owned
Unknown

TOP PICK
Altagas Ltd(ALA-T) 

October 30, 2018

Bought a ¼ position when dividend went over 10%. They’re buffing up the balance sheet buy selling assets. Alberta-based is negative, but at this price it’s a good play for cash flow. Yield is 13.2%. (Analysts’ price target is $25.58)
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Bought a ¼ position when dividend went over 10%. They’re buffing up the balance sheet buy selling assets. Alberta-based is negative, but at this price it’s a good play for cash flow. Yield is 13.2%. (Analysts’ price target is $25.58)
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Jaime Carrasco

Portfolio , Canaccord Genuity...

Price Price
$16.660
Owned Owned
Yes

SELL ON STRENGTH
Altagas Ltd(ALA-T) 

October 29, 2018

The balance sheet is stretched and still needs fixing. They recently spun-off. A dividend cut is likely. It's getting hit today. You could see a dead-cat balance. This sector is out of favour. Has good assets. Sell it on any blip back up. Investors today are assuming a dividend cut.

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The balance sheet is stretched and still needs fixing. They recently spun-off. A dividend cut is likely. It's getting hit today. You could see a dead-cat balance. This sector is out of favour. Has good assets. Sell it on any blip back up. Investors today are assuming a dividend cut.

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Bruce Campbell

President, Campbell and Lee Inv...

Price Price
$19.870
Owned Owned
No

BUY
Altagas Ltd(ALA-T) 

October 25, 2018

They did a spinoff of some of their Canadian assets to pay off some of their debt.  Dividend payout is high but not inconceivable that it can stay there.  If they did cut the dividend, it would not be a major cut.  He likes the company.  There is some upside potential.  There are safer names in the utility space.  This is a high leveraged utility name.

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They did a spinoff of some of their Canadian assets to pay off some of their debt.  Dividend payout is high but not inconceivable that it can stay there.  If they did cut the dividend, it would not be a major cut.  He likes the company.  There is some upside potential.  There are safer names in the utility space.  This is a high leveraged utility name.

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Cole Kachur

Senior Wea, ScotiaWealth Managem...

Price Price
$21.080
Owned Owned
No

DON'T BUY
Altagas Ltd(ALA-T) 

October 24, 2018

They once had a good balance between utilities and non, but they just spun out their utilities. Also, they're fairly levered. Will they get a negative credit re-rating? And the dividend is a worrysome 10%. Look elsewhere in this space and be wary of ALA.

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They once had a good balance between utilities and non, but they just spun out their utilities. Also, they're fairly levered. Will they get a negative credit re-rating? And the dividend is a worrysome 10%. Look elsewhere in this space and be wary of ALA.

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Michael Sprung

President, Sprung Investment Ma...

Price Price
$21.660
Owned Owned
No

DON'T BUY
Altagas Ltd(ALA-T) 

October 24, 2018

The 10% dividend isn't safe. They bought WGL in 2016 and this expensive deal just closed. The market didn't like it. ALA now has a ton of debt and it's paying it down by spinning off the Canadian assets. The market gave it a giant yawn, so ALA had to lower the IPO price. He doesn't like the management. Look elsewhere for a stable divide

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The 10% dividend isn't safe. They bought WGL in 2016 and this expensive deal just closed. The market didn't like it. ALA now has a ton of debt and it's paying it down by spinning off the Canadian assets. The market gave it a giant yawn, so ALA had to lower the IPO price. He doesn't like the management. Look elsewhere for a stable divide

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Brian Madden

Senior VP , Goodreid Investment ...

Price Price
$21.660
Owned Owned
No

BUY on WEAKNESS
Altagas Ltd(ALA-T) 

October 23, 2018

They are overleveraged. They spun out their utilities becoming a pure play on the midstream space. he thinks they will right size the dividend yield.

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They are overleveraged. They spun out their utilities becoming a pure play on the midstream space. he thinks they will right size the dividend yield.

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Andrew Pink

Portfolio , LDIC...

Price Price
$21.740
Owned Owned
No

TOP PICK
Altagas Ltd(ALA-T) 

October 19, 2018

He had sold this in January because of uncertainty in their acquisition.  Within the last month or two, this has been unfairly smoked.  They still need to decrease their debt and realize another asset sale to pay down some debt.  It is very out of favour right now.  Yield = 10.2% (Analysts’ price target is $26.33)

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He had sold this in January because of uncertainty in their acquisition.  Within the last month or two, this has been unfairly smoked.  They still need to decrease their debt and realize another asset sale to pay down some debt.  It is very out of favour right now.  Yield = 10.2% (Analysts’ price target is $26.33)

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Bryden Teich

Portfolio , Avenue Investment Ma...

Price Price
$21.240
Owned Owned
Yes

WAIT
Altagas Ltd(ALA-T) 

October 17, 2018

When a dividend is over 10% like ALA's, you know what the answer is--not bad. Yes, when the WGL assets appear next year, the stock will look better. Today, they spun off the Canadian asset a new Altagas; they likely didn't get the price they wanted, but the deal was at least done and it removes some uncertain. But those Canadian assets are gone, though the WGL assets will now appear. A bit of a wash. Wait another year for them to delever further. Pays a 10.6% dividend.

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When a dividend is over 10% like ALA's, you know what the answer is--not bad. Yes, when the WGL assets appear next year, the stock will look better. Today, they spun off the Canadian asset a new Altagas; they likely didn't get the price they wanted, but the deal was at least done and it removes some uncertain. But those Canadian assets are gone, though the WGL assets will now appear. A bit of a wash. Wait another year for them to delever further. Pays a 10.6% dividend.

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Chris Stuchberr

Portfolio , Wellington-Altus Pri...

Price Price
$20.680
Owned Owned
Unknown

COMMENT
Altagas Ltd(ALA-T) 

October 16, 2018

Owned it for a long time. Then, ALA got into trouble. He's now wait and see with ALA. The market needs to get their head around their earnings and how sustainable their 10% dividend is. Be careful here.

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Owned it for a long time. Then, ALA got into trouble. He's now wait and see with ALA. The market needs to get their head around their earnings and how sustainable their 10% dividend is. Be careful here.

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Michael Decter

President , Lawrence Decter Inve...

Price Price
$20.710
Owned Owned
No

PAST TOP PICK
Altagas Ltd(ALA-T) 

October 15, 2018

(A Top Pick Nov. 17/17, Down 22%)  The trend from March to July broke.  He thinks long term he would look at it now if he did not already own it.  It will probably act much better in the new year.

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(A Top Pick Nov. 17/17, Down 22%)  The trend from March to July broke.  He thinks long term he would look at it now if he did not already own it.  It will probably act much better in the new year.

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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$20.850
Owned Owned
Yes

DON'T BUY
Altagas Ltd(ALA-T) 

October 12, 2018

If they sell some assets, it would help the balance sheet, he thinks.  The company is paying out almost twice what it is earning.  The results in the balance sheet melting away.  They would do an enormous service to cut the dividend to a sustainable yield, like 5%. 

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If they sell some assets, it would help the balance sheet, he thinks.  The company is paying out almost twice what it is earning.  The results in the balance sheet melting away.  They would do an enormous service to cut the dividend to a sustainable yield, like 5%. 

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Ross Healy

Chairman, Strategic Analysis C...

Price Price
$21.040
Owned Owned
No

WAIT
Altagas Ltd(ALA-T) 

October 11, 2018

ALA-T vs. ARX-T.  ALA-T is going through a reorganization.  It complicates his model.  The trailing PE is 19 times and it is cash flow positive.  The yield is very high at 10.2% with payout at 60%.  The ROE is okay at 6%.  He would wait until the financing of the spin out is complete and the market should be more comfortable.  He does not follow ARX-T.

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ALA-T vs. ARX-T.  ALA-T is going through a reorganization.  It complicates his model.  The trailing PE is 19 times and it is cash flow positive.  The yield is very high at 10.2% with payout at 60%.  The ROE is okay at 6%.  He would wait until the financing of the spin out is complete and the market should be more comfortable.  He does not follow ARX-T.

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Robert McWhirte

President, Selective Asset Mana...

Price Price
$20.990
Owned Owned
Unknown

DON'T BUY
Altagas Ltd(ALA-T) 

October 9, 2018

The market is guessing they will have to cut dividend. They are struggling for capital. He would wait until the dust settles. The risk on the downside is too high if they have to cut the dividend.  

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The market is guessing they will have to cut dividend. They are struggling for capital. He would wait until the dust settles. The risk on the downside is too high if they have to cut the dividend.  

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James Telfser

Partner & , Aventine Management ...

Price Price
$21.110
Owned Owned
No

TOP PICK
Altagas Ltd(ALA-T) 

October 5, 2018

He just bought this back as he believes the re-structuring is well along. He is trading it with a tight stop in the “high-teens”. He thinks market analysts are having a hard time categorizing the newly structured company. Yield 10.5%.  (Analysts’ price target is $27.41)

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He just bought this back as he believes the re-structuring is well along. He is trading it with a tight stop in the “high-teens”. He thinks market analysts are having a hard time categorizing the newly structured company. Yield 10.5%.  (Analysts’ price target is $27.41)

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Bill Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$20.750
Owned Owned
Yes

PAST TOP PICK
Altagas Ltd(ALA-T) 

October 5, 2018

(A Top Pick June 14/17 Down 23%) He sold this and bought it back recently. The WPL acquisition made sense to him, but he was not impressed with their financing strategy. As interest rates were looking to go up, he saw better companies who had lower debt levels. He thinks they are most of the way through their financial re-structuring.  

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(A Top Pick June 14/17 Down 23%) He sold this and bought it back recently. The WPL acquisition made sense to him, but he was not impressed with their financing strategy. As interest rates were looking to go up, he saw better companies who had lower debt levels. He thinks they are most of the way through their financial re-structuring.  

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Bill Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$20.750
Owned Owned
Yes

DON'T BUY
Altagas Ltd(ALA-T) 

October 2, 2018

When an investor sees a 10% dividend, s/he should understand that the whole world sees the same dividend. The investor should ask whether such a dividend is sustainable. The company has way too much debt and pays out too much cash flow in dividend. The company is a prime candidate for a dividend cut even though its management says it won’t do it. He won’t buy companies that have a lot of debt. Yield 10%. 

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When an investor sees a 10% dividend, s/he should understand that the whole world sees the same dividend. The investor should ask whether such a dividend is sustainable. The company has way too much debt and pays out too much cash flow in dividend. The company is a prime candidate for a dividend cut even though its management says it won’t do it. He won’t buy companies that have a lot of debt. Yield 10%. 

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Lorne Steinberg

President , Lorne Steinberg Weal...

Price Price
$21.190
Owned Owned
No

BUY
Altagas Ltd(ALA-T) 

October 1, 2018

He's happy to hold this. ALA closed the big WGL deal closed--taking on a lot of debt just as interest rate are rising. They are now selling off minority stakes in some mid-stream assets that'll reduce debt. You're paid while you wait. They raised the dividend. It will compelte building a propane export terminal on the west coat in Q1 2019, which will give ALA a big boost in earnings.He's happy to wait. Underlying cash flow is going up, so the high dividend is
secure. He sees encouraging signs in new earnings streams; a very solid company. Yes, carries a fair bit of debt, but it has the cash flow.

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He's happy to hold this. ALA closed the big WGL deal closed--taking on a lot of debt just as interest rate are rising. They are now selling off minority stakes in some mid-stream assets that'll reduce debt. You're paid while you wait. They raised the dividend. It will compelte building a propane export terminal on the west coat in Q1 2019, which will give ALA a big boost in earnings.He's happy to wait. Underlying cash flow is going up, so the high dividend is
secure. He sees encouraging signs in new earnings streams; a very solid company. Yes, carries a fair bit of debt, but it has the cash flow.

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Gavin Graham

Trustee, Pointbreak ETFs...

Price Price
$21.130
Owned Owned
Yes

HOLD
Altagas Ltd(ALA-T) 

September 28, 2018

A really tough one. Funding concerns. His cashflow presumptions are pretty good. The deal will close. Doesn’t think dividend will be cut, though market is signalling they might. Be careful. If you own it, you can hold it. Like GE, it will probably be OK.

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A really tough one. Funding concerns. His cashflow presumptions are pretty good. The deal will close. Doesn’t think dividend will be cut, though market is signalling they might. Be careful. If you own it, you can hold it. Like GE, it will probably be OK.

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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$20.550
Owned Owned
Unknown

TOP PICK
Altagas Ltd(ALA-T) 

September 26, 2018

The company has good assets that produce good cash flows.  He believes the market has overreacted to the recent acquisitions and how it is being funded.  If this company was trading in the private capital markets, it would be trading a much higher multiple.  Yield 10.7%.  (Analysts’ price target is $28.23)

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The company has good assets that produce good cash flows.  He believes the market has overreacted to the recent acquisitions and how it is being funded.  If this company was trading in the private capital markets, it would be trading a much higher multiple.  Yield 10.7%.  (Analysts’ price target is $28.23)

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Ryan Bushell

President, Newhaven Asset Manag...

Price Price
$20.730
Owned Owned
Yes

PAST TOP PICK
Altagas Ltd(ALA-T) 

September 26, 2018

(A Top Pick October 3/17 Down 22%) It is a long term game, he thinks. He does not mind holding it while receiving a good dividend. He still has it as a Top Pick. Yield 11%

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(A Top Pick October 3/17 Down 22%) It is a long term game, he thinks. He does not mind holding it while receiving a good dividend. He still has it as a Top Pick. Yield 11%

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Ryan Bushell

President, Newhaven Asset Manag...

Price Price
$20.730
Owned Owned
Yes

DON'T BUY
Altagas Ltd(ALA-T) 

September 20, 2018

[Can the stock be saved?]  The issue was that the investor base was not convinced with the acquisition decision.  They tried to expand with a suitable accretive acquisition but they struggled with financing it.  They are doing an unorthodox method to raise capital for an acquisition announced ages ago.  The dividend is probably not sustainable.  He believes they will probably get this right, however.

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[Can the stock be saved?]  The issue was that the investor base was not convinced with the acquisition decision.  They tried to expand with a suitable accretive acquisition but they struggled with financing it.  They are doing an unorthodox method to raise capital for an acquisition announced ages ago.  The dividend is probably not sustainable.  He believes they will probably get this right, however.

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Mohsin Bashir

VP Investm, Stone Asset Manageme...

Price Price
$21.110
Owned Owned
Unknown

TOP PICK
Altagas Ltd(ALA-T) 

September 19, 2018

The stock is out of favor after the two year wait for the WGL acquisition.  They have raised $1.5 billion in shares of the $2 billion they said was needed and now the market wonders if the IPO will make up the difference.  All the news is negative currently and he sees less risk now that the stock has fallen.  He is betting the dividend is safe.  Yield 10%.  (Analysts’ price target is $27.79)

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The stock is out of favor after the two year wait for the WGL acquisition.  They have raised $1.5 billion in shares of the $2 billion they said was needed and now the market wonders if the IPO will make up the difference.  All the news is negative currently and he sees less risk now that the stock has fallen.  He is betting the dividend is safe.  Yield 10%.  (Analysts’ price target is $27.79)

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Lyle Stein

Sr. Portfo, Vestcap Investment M...

Price Price
$21.720
Owned Owned
Yes

PAST TOP PICK
Altagas Ltd(ALA-T) 

September 18, 2018

(Past Top Pick, June 14, 2017, Down 17%) He made a mistake with this one. They bought California utility assets five years ago, which was a mistake. Now, they bought WGL in the U.S. Management has really blown it. It's deeply disappointing. Bad on him for sticking with a loser. He sold it. Spinning out the company is just ridiculous; it's a sign of desperation. The CEO-founder continues to flounder.

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(Past Top Pick, June 14, 2017, Down 17%) He made a mistake with this one. They bought California utility assets five years ago, which was a mistake. Now, they bought WGL in the U.S. Management has really blown it. It's deeply disappointing. Bad on him for sticking with a loser. He sold it. Spinning out the company is just ridiculous; it's a sign of desperation. The CEO-founder continues to flounder.

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John O'Connell,

Chairman a, Davis Rea...

Price Price
$22.380
Owned Owned
No

SHORT
Altagas Ltd(ALA-T) 

September 17, 2018

He avoids pipes and utilities in a rising interest rate environment.  It is a small short position for him.  The valuation is still pretty high.  It has a big yield but the payout ratio is a concern.

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He avoids pipes and utilities in a rising interest rate environment.  It is a small short position for him.  The valuation is still pretty high.  It has a big yield but the payout ratio is a concern.

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Jason Mann

CIO & Co-F, Edgehill Patners...

Price Price
$22.380
Owned Owned
Yes

DON'T BUY
Altagas Ltd(ALA-T) 

September 17, 2018

They are making a secondary offering that dilutes the share price.  This stock has been falling for a number of years.  It is a huge dividend payer.  It is unsustainable.  He thinks it has to be cut in a half or a third.  He would not touch it.

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They are making a secondary offering that dilutes the share price.  This stock has been falling for a number of years.  It is a huge dividend payer.  It is unsustainable.  He thinks it has to be cut in a half or a third.  He would not touch it.

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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$22.380
Owned Owned
Unknown

BUY
Altagas Ltd(ALA-T) 

September 17, 2018

He's still happy with this. They did what they said they'd do: did the wgl acquisition, then sold off assets with more to come, and THE dividend is still safe. Management though will likely stop dividend increases for a year or two because they're conservative managers.

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He's still happy with this. They did what they said they'd do: did the wgl acquisition, then sold off assets with more to come, and THE dividend is still safe. Management though will likely stop dividend increases for a year or two because they're conservative managers.

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Douglas Kee

Chief Inve, Leon Frazer & Associ...

Price Price
$22.380
Owned Owned
Yes

PAST TOP PICK
Altagas Ltd(ALA-T) 

September 14, 2018

(Past Top Pick, Oct. 30, 2017, Down 16%)  Doesn't like it, but still owns it. A high-quality name. We're close to breaking to new lows. The recent weakness is due to needing more funding for the WGL buy by spinning off Canadian operations. He's started a DRIP to compound returns. But if it continues to fall, he will take his lumps and sell. Pays a stable 9.5% dividend.

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(Past Top Pick, Oct. 30, 2017, Down 16%)  Doesn't like it, but still owns it. A high-quality name. We're close to breaking to new lows. The recent weakness is due to needing more funding for the WGL buy by spinning off Canadian operations. He's started a DRIP to compound returns. But if it continues to fall, he will take his lumps and sell. Pays a stable 9.5% dividend.

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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$22.850
Owned Owned
Yes

DON'T BUY
Altagas Ltd(ALA-T) 

September 13, 2018

Spin-off announced today. Markets didn't like their big US acquisition, so they are spinning off Canadian assets. The spin-off is the right strategic move, but it doesn't interest him to buy the stock. They're making up for past mistakes. 

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Spin-off announced today. Markets didn't like their big US acquisition, so they are spinning off Canadian assets. The spin-off is the right strategic move, but it doesn't interest him to buy the stock. They're making up for past mistakes. 

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Ryan Modesto

Managing P, 5i Research...

Price Price
$23.480
Owned Owned
Unknown

DON'T BUY
Altagas Ltd(ALA-T) 

September 13, 2018

Announced a spin-off yesterday. He used to own it before they bought WGL. ALA is selling the family jewels to afford it. (He sold to get more pro-cyclical exposure.) He dodged a bullet. This is a debacle of corporate governance. The WGL deal took too long to close, expensive, levered up their balance sheet and got put on credit watch. Now, they're selling non-core assets. He has no confidence in the management and doesn't know if the dividend is safe.

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Announced a spin-off yesterday. He used to own it before they bought WGL. ALA is selling the family jewels to afford it. (He sold to get more pro-cyclical exposure.) He dodged a bullet. This is a debacle of corporate governance. The WGL deal took too long to close, expensive, levered up their balance sheet and got put on credit watch. Now, they're selling non-core assets. He has no confidence in the management and doesn't know if the dividend is safe.

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Brian Madden

Senior VP , Goodreid Investment ...

Price Price
$23.480
Owned Owned
No

COMMENT
Altagas Ltd(ALA-T) 

September 11, 2018

They did a big acquisition of a utility in the US and financed it with an equity issue and a bridging loan. They are making asset sales to repay the bridge loan. Of the 2 billion that they had to sell, they have sold off about 1.5 billion of assets so far. They expect to complete the asset sales by the end of the year. She expects them to be able to sustain the yield. She does not see much near-term growth. However, the company is still a little more leveraged than it would like, and it might offer more hybrid securities or do another equity offering to reduce its debt. She expects the completion of the asset sale process to be a positive on the stock. Yield 8.8%. 

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They did a big acquisition of a utility in the US and financed it with an equity issue and a bridging loan. They are making asset sales to repay the bridge loan. Of the 2 billion that they had to sell, they have sold off about 1.5 billion of assets so far. They expect to complete the asset sales by the end of the year. She expects them to be able to sustain the yield. She does not see much near-term growth. However, the company is still a little more leveraged than it would like, and it might offer more hybrid securities or do another equity offering to reduce its debt. She expects the completion of the asset sale process to be a positive on the stock. Yield 8.8%. 

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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$25.200
Owned Owned
No

HOLD
Altagas Ltd(ALA-T) 

September 10, 2018

They sold off a bunch of assets today.  The market is expressing sustainability of the dividend.  It has gone up today as a response, however.  Gas shares tend to do well this time of year.  Today's action is positive.  This is not a bad investment at this time.

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They sold off a bunch of assets today.  The market is expressing sustainability of the dividend.  It has gone up today as a response, however.  Gas shares tend to do well this time of year.  Today's action is positive.  This is not a bad investment at this time.

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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$24.340
Owned Owned
Unknown

DON'T BUY
Altagas Ltd(ALA-T) 

September 7, 2018

Acquisitive and have grown quickly, which makes him suspicious if they don’t have a competitive advantage. Cash flow doesn’t cover the dividend. If one acquisition goes wrong, the dividend will be cut.

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Acquisitive and have grown quickly, which makes him suspicious if they don’t have a competitive advantage. Cash flow doesn’t cover the dividend. If one acquisition goes wrong, the dividend will be cut.

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Fabrice Taylor

Publisher, The President's Club...

Price Price
$23.690
Owned Owned
No

DON'T BUY
Altagas Ltd(ALA-T) 

August 30, 2018

They are not even making their dividend.  There is a reverse compounding thing going on where your book value is being eroded.  It is a losing proposition.

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They are not even making their dividend.  There is a reverse compounding thing going on where your book value is being eroded.  It is a losing proposition.

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Brian Acker, CA

Chief Exec, Acker Finley Inc....

Price Price
$24.610
Owned Owned
Unknown

PAST TOP PICK
Altagas Ltd(ALA-T) 

August 27, 2018

Subscription Receipts.  (A Top Pick Sep 20/17, Up 2%)  It was subscription receipts but now is just common stocks.  They had a troubled time period after the deal because they took on more debt.  The yield is about 8% now.  The debt levels are high, however.  He hopes they will generate free cash flow now and will pay down debt with it.

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Subscription Receipts.  (A Top Pick Sep 20/17, Up 2%)  It was subscription receipts but now is just common stocks.  They had a troubled time period after the deal because they took on more debt.  The yield is about 8% now.  The debt levels are high, however.  He hopes they will generate free cash flow now and will pay down debt with it.

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Zachary Curry

Chief Oper, Davis-Rea Ltd....

Price Price
$25.140
Owned Owned
Yes

COMMENT
Altagas Ltd(ALA-T) 

August 24, 2018

Has had some problem with this name. Need to figure out how to pay for the recent acquisition and divest assets. Cash flow from operations needs to sustain the dividend. Good at these levels, as dividend quality is still strong. (Analysts’ price target is $28.75.)

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Has had some problem with this name. Need to figure out how to pay for the recent acquisition and divest assets. Cash flow from operations needs to sustain the dividend. Good at these levels, as dividend quality is still strong. (Analysts’ price target is $28.75.)

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Prakash Harihar

Portfolio , Analytixinsight Inc....

Price Price
$24.960
Owned Owned
Unknown

DON'T BUY
Altagas Ltd(ALA-T) 

August 22, 2018

He used to be big owners of this company.  The 10 year yield started to take off after Trump was elected.  They are levered quite high and therefore difficult to raise yield.  They have a huge debt load and the cost of carrying that debt will go higher.  It is in a difficult place in the market.  Dividend should hold over the mid to long term. 

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He used to be big owners of this company.  The 10 year yield started to take off after Trump was elected.  They are levered quite high and therefore difficult to raise yield.  They have a huge debt load and the cost of carrying that debt will go higher.  It is in a difficult place in the market.  Dividend should hold over the mid to long term. 

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Chris Stuchberr

Portfolio , Wellington-Altus Pri...

Price Price
$25.290
Owned Owned
No

HOLD
Altagas Ltd(ALA-T) 

August 22, 2018

Is watching it. Good yield, but tied to Alberta economy. With the pullback recently, hold onto it for now.

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Is watching it. Good yield, but tied to Alberta economy. With the pullback recently, hold onto it for now.

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Michael Sprung

President, Sprung Investment Ma...

Price Price
$25.290
Owned Owned
No

COMMENT
Altagas Ltd(ALA-T) 

August 20, 2018

ALA-T vs. TOG-T He hopes oil prices move up, but the problem with many energy stocks is that they are already properly priced, including ALA-T and TOG-T, so there's little upside. He's neutral about both stocks and this sector.

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ALA-T vs. TOG-T He hopes oil prices move up, but the problem with many energy stocks is that they are already properly priced, including ALA-T and TOG-T, so there's little upside. He's neutral about both stocks and this sector.

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Ross Healy

Chairman, Strategic Analysis C...

Price Price
$25.290
Owned Owned
Unknown

COMMENT
Altagas Ltd(ALA-T) 

August 15, 2018

Altagas versus Vermillion. VET-T is oil with some exposure into France and a little expensive. ALA-T has been beat down on the recent acquisition in Washington. Depending on your outlook on energy, ALA-T will act more defensively. But if you believe in $100 WTI, then he would go with VET-T.

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Altagas versus Vermillion. VET-T is oil with some exposure into France and a little expensive. ALA-T has been beat down on the recent acquisition in Washington. Depending on your outlook on energy, ALA-T will act more defensively. But if you believe in $100 WTI, then he would go with VET-T.

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Bruce Campbell

President, Campbell and Lee Inv...

Price Price
$24.910
Owned Owned
_N/A

HOLD
Altagas Ltd(ALA-T) 

August 14, 2018

He added a bit recently and he has held it for a long time. The reason he bought more is that he's entering the Alberta economy a bit--Canadian oil is ridiculously cheap. The dividend, over 8%, is sustainable, and it gives him some cash flow. 

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He added a bit recently and he has held it for a long time. The reason he bought more is that he's entering the Alberta economy a bit--Canadian oil is ridiculously cheap. The dividend, over 8%, is sustainable, and it gives him some cash flow. 

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Jaime Carrasco

Portfolio , Canaccord Genuity...

Price Price
$25.120
Owned Owned
Yes

COMMENT
Altagas Ltd(ALA-T) 

August 9, 2018

He likes it.  It is a good utility company.  It pays a good dividend yield.  They just finished up a good transaction and it should be accretive to earnings soon.  They sold off some assets that were not contributing to earnings. 

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He likes it.  It is a good utility company.  It pays a good dividend yield.  They just finished up a good transaction and it should be accretive to earnings soon.  They sold off some assets that were not contributing to earnings. 

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Cole Kachur

Senior Wea, ScotiaWealth Managem...

Price Price
$25.400
Owned Owned
Unknown

BUY
Altagas Ltd(ALA-T) 

August 3, 2018

Their recent earnings were mixed.  Now that the acquisition of WGL is now closed, things should become more transparent.  They were sold off with the concerns of rising interest rates.  It is looking much better and is a good investment now.  

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Their recent earnings were mixed.  Now that the acquisition of WGL is now closed, things should become more transparent.  They were sold off with the concerns of rising interest rates.  It is looking much better and is a good investment now.  

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Peter Hodson

CEO & Head, 5i Research Inc....

Price Price
$26.180
Owned Owned
No

HOLD
Altagas Ltd(ALA-T) 

July 26, 2018

It was a right place to be at a time. Reasonable payout ratio and an 8% dividend yield. He would wait it out. If he bought it are 30 he would hold it at 26. 

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It was a right place to be at a time. Reasonable payout ratio and an 8% dividend yield. He would wait it out. If he bought it are 30 he would hold it at 26. 

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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$26.610
Owned Owned
No

STRONG BUY
Altagas Ltd(ALA-T) 

July 25, 2018

The completed the acquisition of WGL recently that will add cash flow.  They are working on the Ridley Island propane export terminal on the west coast, marking the first time propane will be exported to Asian and European markets.  The CEO departed recently and he views it as not a major concern regarding operations of the company.  He would be buying now on the recent price weakness.  

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The completed the acquisition of WGL recently that will add cash flow.  They are working on the Ridley Island propane export terminal on the west coast, marking the first time propane will be exported to Asian and European markets.  The CEO departed recently and he views it as not a major concern regarding operations of the company.  He would be buying now on the recent price weakness.  

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Michael Simpson

Senior Vic, Sentry Investments...

Price Price
$26.660
Owned Owned
Yes

COMMENT
Altagas Ltd(ALA-T) 

July 18, 2018

He owns it personally. The WGL acqusition has been approved. High yield of 10%, but it carries a lot of debt on the acqusition side, so he didn't buy it for his client portfolios. This will probably move up from the current $28.

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He owns it personally. The WGL acqusition has been approved. High yield of 10%, but it carries a lot of debt on the acqusition side, so he didn't buy it for his client portfolios. This will probably move up from the current $28.

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Rick Stuchberry

Portfolio , Wellington-Altus Pri...

Price Price
$28.010
Owned Owned
Yes

DON'T BUY
Altagas Ltd(ALA-T) 

July 17, 2018

Under his model, this stock is overpriced by 15%. Also it is paying out over $2 in dividends but is expected to earn only about $1 this year and $1.35 next year. This is similar to Crescent Point. The stock is getting a bump from oil prices but he would not buy it until it comes down to $21.

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Under his model, this stock is overpriced by 15%. Also it is paying out over $2 in dividends but is expected to earn only about $1 this year and $1.35 next year. This is similar to Crescent Point. The stock is getting a bump from oil prices but he would not buy it until it comes down to $21.

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Brian Acker, CA

Chief Exec, Acker Finley Inc....

Price Price
$27.990
Owned Owned
No

BUY
Altagas Ltd(ALA-T) 

July 12, 2018

Company that stared in Canada and expending in the US. The yield is still abnormally high. He thinks that they can still sustain that. They have been great at selling assets at good valuations. He thinks the yield is crazy and should get [through price appreciation] to more normal levels like 5%. They won’t cut the dividend as they have funding. (Analysts’ price target is $28.95)

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Company that stared in Canada and expending in the US. The yield is still abnormally high. He thinks that they can still sustain that. They have been great at selling assets at good valuations. He thinks the yield is crazy and should get [through price appreciation] to more normal levels like 5%. They won’t cut the dividend as they have funding. (Analysts’ price target is $28.95)

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Jim Huang

President, T.I.P. Wealth Manage...

Price Price
$28.020
Owned Owned
No

BUY
Altagas Ltd(ALA-T) 

July 5, 2018

It is the same cap as ENB-T as they are in the big utilities space.  He was attracted to what they can do in the mid-east coast US.  They can move gas to big US markets from within the US.  The dividend is probably safe.  He thinks it still offers great value. 

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It is the same cap as ENB-T as they are in the big utilities space.  He was attracted to what they can do in the mid-east coast US.  They can move gas to big US markets from within the US.  The dividend is probably safe.  He thinks it still offers great value. 

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Lyle Stein

Sr. Portfo, Vestcap Investment M...

Price Price
$27.510
Owned Owned
Unknown

STRONG BUY
Altagas Ltd(ALA-T) 

July 3, 2018

He has recommended this several times.  The acquisition is now closed on WGL.  They sold about 1/3 of their Northeast BC assets to pay for it.  This has worked out well, because these assets are trading at a premium in the private capital market.  He has been buying since $24 and likes the 7% yield.  

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He has recommended this several times.  The acquisition is now closed on WGL.  They sold about 1/3 of their Northeast BC assets to pay for it.  This has worked out well, because these assets are trading at a premium in the private capital market.  He has been buying since $24 and likes the 7% yield.  

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Ryan Bushell

President, Newhaven Asset Manag...

Price Price
$27.620
Owned Owned
Yes

DON'T BUY
Altagas Ltd(ALA-T) 

June 29, 2018

They used to own a lot of this stock, but when interest rates began to rise it raised the risk-free rate and made running the business more difficult so they sold out.  The company already has a moderate level of debt and the WGL acquisition will add to their leveraged position.  They will manage the new asset well, but he thinks the risk of rising interest rates will add headwinds.  

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They used to own a lot of this stock, but when interest rates began to rise it raised the risk-free rate and made running the business more difficult so they sold out.  The company already has a moderate level of debt and the WGL acquisition will add to their leveraged position.  They will manage the new asset well, but he thinks the risk of rising interest rates will add headwinds.  

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Chris Stuchberr

Portfolio , Wellington-Altus Pri...

Price Price
$27.150
Owned Owned
No

WATCH
Altagas Ltd(ALA-T) 

June 28, 2018

They have an export terminal for propane in BC.  Alberta is awash in propane.  They are building this export facility.  He used to own this.  WGL Holdings should close any day and improves their metrics considerably.  The burden of proof is on them.  This is not that synergistic an acquisition.

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They have an export terminal for propane in BC.  Alberta is awash in propane.  They are building this export facility.  He used to own this.  WGL Holdings should close any day and improves their metrics considerably.  The burden of proof is on them.  This is not that synergistic an acquisition.

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Brian Madden

Senior VP , Goodreid Investment ...

Price Price
$26.390
Owned Owned
No

DON'T BUY
Altagas Ltd(ALA-T) 

June 26, 2018

He would not touch this stock. The high yield is deceptive. It pays out more than it earns and so the balance sheet is deteriorating by 5% per year. His model price is 13% lower than yesterday’s closing price.

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He would not touch this stock. The high yield is deceptive. It pays out more than it earns and so the balance sheet is deteriorating by 5% per year. His model price is 13% lower than yesterday’s closing price.

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Brian Acker, CA

Chief Exec, Acker Finley Inc....

Price Price
$26.340
Owned Owned
No

COMMENT
Altagas Ltd(ALA-T) 

June 22, 2018

Is the dividend safe? Safe-ish. Better things are happening. If the US acquisition goes through it is going to be an OK story.

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Is the dividend safe? Safe-ish. Better things are happening. If the US acquisition goes through it is going to be an OK story.

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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$26.420
Owned Owned
Yes

BUY
Altagas Ltd(ALA-T) 

June 22, 2018

IPL vs ALA  - He likes them both. There's upside in IPL. ALA pays a good dividend of around 8% and its prices has come down nicely so it's a good time to step in. If things turn around in Alberta, ALA will benefit with a nice move and institutional money will move in.

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IPL vs ALA  - He likes them both. There's upside in IPL. ALA pays a good dividend of around 8% and its prices has come down nicely so it's a good time to step in. If things turn around in Alberta, ALA will benefit with a nice move and institutional money will move in.

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Jaime Carrasco

Portfolio , Canaccord Genuity...

Price Price
$26.510
Owned Owned
Yes

DON'T BUY
Altagas Ltd(ALA-T) 

June 20, 2018

Many ask him about this stock. He sold his shares recently. Altagas sold its crown jewel asset in BC and replaced it with a lower-case one, which they're now pushing for closure. Their free cash flow isn't impressive. This could grind higher to $28. They will likely sell more assets and borrow more to complete their WGL acquisition.

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Many ask him about this stock. He sold his shares recently. Altagas sold its crown jewel asset in BC and replaced it with a lower-case one, which they're now pushing for closure. Their free cash flow isn't impressive. This could grind higher to $28. They will likely sell more assets and borrow more to complete their WGL acquisition.

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Steve DiGregori

Portfolio , Canoe Financial...

Price Price
$26.820
Owned Owned
No

TOP PICK
Altagas Ltd(ALA-T) 

June 15, 2018

Name has been hurt, but think it’s getting its legs. Bottomed out around $22.75, now a nice trend. Resistance around $26.40 and also $30. Sold recent hydro assets for a pretty penny, plus WGL will be a catalyst when it closes. Good risk reward. Really good dividend, expect a bit of volatility ahead. Interest rates really screaming up will hurt it, but probably won't happen. Will probably need to do a secondary financing, which will depress the stock. Going forward, as a yield-focus, you’ll be pretty happy. Has been doing a DRIP. (Analysts’ price target is $28.48.)

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Name has been hurt, but think it’s getting its legs. Bottomed out around $22.75, now a nice trend. Resistance around $26.40 and also $30. Sold recent hydro assets for a pretty penny, plus WGL will be a catalyst when it closes. Good risk reward. Really good dividend, expect a bit of volatility ahead. Interest rates really screaming up will hurt it, but probably won't happen. Will probably need to do a secondary financing, which will depress the stock. Going forward, as a yield-focus, you’ll be pretty happy. Has been doing a DRIP. (Analysts’ price target is $28.48.)

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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$26.130
Owned Owned
Yes

HOLD
Altagas Ltd(ALA-T) 

June 11, 2018

He used to own it for a long time. Pays a 8.8.% dividend when yield stocks are finding pressure. If you own it, hold it. But don't chase the high yield. A high-yield stuck can be cut (and then sometimes the stock price rises)--and ALA's may or may not be sustainable. He doesn't know.

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He used to own it for a long time. Pays a 8.8.% dividend when yield stocks are finding pressure. If you own it, hold it. But don't chase the high yield. A high-yield stuck can be cut (and then sometimes the stock price rises)--and ALA's may or may not be sustainable. He doesn't know.

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Michael Decter

President , Lawrence Decter Inve...

Price Price
$24.880
Owned Owned
No

DON'T BUY
Altagas Ltd(ALA-T) 

June 8, 2018

The yield is relatively safe. High dividend at 8.76%. The big overhang is that they’re waiting for approval on their recent acquisition. Need to sell assets to fund this transaction, plus interest rate sensitivity, has contributed to the pullback. Prefers other names in terms of cash flow growth. (Analysts’ price target is about $28.)

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The yield is relatively safe. High dividend at 8.76%. The big overhang is that they’re waiting for approval on their recent acquisition. Need to sell assets to fund this transaction, plus interest rate sensitivity, has contributed to the pullback. Prefers other names in terms of cash flow growth. (Analysts’ price target is about $28.)

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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$25.010
Owned Owned
No

DON'T BUY
Altagas Ltd(ALA-T) 

June 5, 2018

He doesn't follow this. Its down channel is not doing well. Natural gas is performing well, but Altagas has not. He doesn't recommend this.

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He doesn't follow this. Its down channel is not doing well. Natural gas is performing well, but Altagas has not. He doesn't recommend this.

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William Chin

Portfolio , Caldwell Investment ...

Price Price
$25.070
Owned Owned
No

DON'T BUY
Altagas Ltd(ALA-T) 

May 28, 2018

It has a utility type business.  It has the highest debt level amongst its peer group.  You don’t want to own this one.

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It has a utility type business.  It has the highest debt level amongst its peer group.  You don’t want to own this one.

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Teal Linde

Portfolio , Linde Equity Report...

Price Price
$24.900
Owned Owned
Unknown

DON'T BUY
Altagas Ltd(ALA-T) 

May 28, 2018

It's trading at a 6-year-low, though it's showing good fundamental value. These are capital-rich projects they're involved in, so the ROE is very low, in this case 3%. You buy this for the dividend, which he thinks is safe. Continue to hold it. He's not a fan of interest-sensitive stocks, so no pipelines or utilities.

oil/gas
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It's trading at a 6-year-low, though it's showing good fundamental value. These are capital-rich projects they're involved in, so the ROE is very low, in this case 3%. You buy this for the dividend, which he thinks is safe. Continue to hold it. He's not a fan of interest-sensitive stocks, so no pipelines or utilities.

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0 comments
Wolfgang Klein

Senior inv, Canaccord Genuity We...

Price Price
$24.900
Owned Owned
No

DON'T BUY
Altagas Ltd(ALA-T) 

May 17, 2018

The Dividend quality scores seems average. Bloated working capital. Weaker in its group.

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The Dividend quality scores seems average. Bloated working capital. Weaker in its group.

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Prakash Harihar

Portfolio , Analytixinsight Inc....

Price Price
$25.560
Owned Owned
No

DON'T BUY
Altagas Ltd(ALA-T) 

May 16, 2018

He used to own it, selling it in fall 2016 before their huge WGL purchase. He was--and remains--concerned with their high valuation. They also carry high debt and are on credit watch after the WGL acquisition. There are safer options out there.

oil/gas
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He used to own it, selling it in fall 2016 before their huge WGL purchase. He was--and remains--concerned with their high valuation. They also carry high debt and are on credit watch after the WGL acquisition. There are safer options out there.

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Brian Madden

Senior VP , Goodreid Investment ...

Price Price
$25.550
Owned Owned
No

HOLD
Altagas Ltd(ALA-T) 

May 11, 2018

Dividend yield of 8.5%. They sold it in January. They took on a lot of debt to fund some recent acquisitions. The rating agencies have it on a negative watch because of this. They are trying to do private equity in public markets and they hit a window where funding is a little tight. He thinks the dividend is still safe. 

oil/gas
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Dividend yield of 8.5%. They sold it in January. They took on a lot of debt to fund some recent acquisitions. The rating agencies have it on a negative watch because of this. They are trying to do private equity in public markets and they hit a window where funding is a little tight. He thinks the dividend is still safe. 

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0 comments
Bryden Teich

Portfolio , Avenue Investment Ma...

Price Price
$25.480
Owned Owned
No

COMMENT
Altagas Ltd(ALA-T) 

May 10, 2018

How safe the dividend is? Dividends are never safe in the energy space. Dividends are the first thing to go if things don’t work out. Currently the stock is OK but that is the first thing he would look at. An energy stock and also a news driven stock here.

oil/gas
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0 comments

How safe the dividend is? Dividends are never safe in the energy space. Dividends are the first thing to go if things don’t work out. Currently the stock is OK but that is the first thing he would look at. An energy stock and also a news driven stock here.

oil/gas
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0 comments
Elliott Fishman

Director o, Trading Services Gro...

Price Price
$25.360
Owned Owned
No

COMMENT
Altagas Ltd(ALA-T) 

May 8, 2018

They're finalizing their big WGL acquisition in the U.S. Their dividend is safe, despite pressure from rising interest rates, but the overhang is investors wondering what asset sales will be done in order to fund this WGL deal. The yield is currently safe.

oil/gas
0 0 0 0 0
0 comments

They're finalizing their big WGL acquisition in the U.S. Their dividend is safe, despite pressure from rising interest rates, but the overhang is investors wondering what asset sales will be done in order to fund this WGL deal. The yield is currently safe.

oil/gas
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0 comments
Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$25.540
Owned Owned
No

DON'T BUY
Altagas Ltd(ALA-T) 

May 7, 2018

An 8% dividend yield – Ask yourself why.  The reason is that the company has been jacking up the dividend, increasing debt and issuing stock over the last few years.  The dividend is talking to you.  They really should be paying down debt.  Buyer beware.

oil/gas
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An 8% dividend yield – Ask yourself why.  The reason is that the company has been jacking up the dividend, increasing debt and issuing stock over the last few years.  The dividend is talking to you.  They really should be paying down debt.  Buyer beware.

oil/gas
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0 comments
Lorne Steinberg

President , Lorne Steinberg Weal...

Price Price
$25.010
Owned Owned
Unknown

TOP PICK
Altagas Ltd(ALA-T) 

May 7, 2018

Sustainable long-term cash flow. True, its charts are unflattering, but it's grown its dividend 50% over the past fve years. It continues to be on sale, so he continues to recommend it. It's a bargain now and the most recent drop is egregious. The market has been negative on the WGL acquisition, but utilities in metropolitan areas (Washington DC) with solid, long-term growth don't come up often. Cities will always utilities. Their cash flow will sustain the 8.8% dividend. You're paid to wait. He's buying for clients. (Analysts' price target $28.10)

oil/gas
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Sustainable long-term cash flow. True, its charts are unflattering, but it's grown its dividend 50% over the past fve years. It continues to be on sale, so he continues to recommend it. It's a bargain now and the most recent drop is egregious. The market has been negative on the WGL acquisition, but utilities in metropolitan areas (Washington DC) with solid, long-term growth don't come up often. Cities will always utilities. Their cash flow will sustain the 8.8% dividend. You're paid to wait. He's buying for clients. (Analysts' price target $28.10)

oil/gas
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Ryan Bushell

President, Newhaven Asset Manag...

Price Price
$25.010
Owned Owned
Yes

PAST TOP PICK
Altagas Ltd(ALA-T) 

May 7, 2018

(Past Top Pick on Oct. 3, 2017, Down 8%) They basically got their WGL deal approved yesterday and now have  four approvals, though there's one more later this week. They've done everything they promised--they got their approvals and he's confident this deal with close. They need to announce some asset sales to shore up the funding plan. It got hit in the last quarter when they took some power assets off the market in California. Compared to say Enbridge, ALA has so many assets and so much cash flow. He belives they will find a buyer for those assets and this stock move higher. This stock is cheap now and they pay a big dividend. Now is a good entry point. The WGL deal is accretive. Dividend of 8.8% is safe and can even grow it a few years. The chairman owns a lot of stock.

oil/gas
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(Past Top Pick on Oct. 3, 2017, Down 8%) They basically got their WGL deal approved yesterday and now have  four approvals, though there's one more later this week. They've done everything they promised--they got their approvals and he's confident this deal with close. They need to announce some asset sales to shore up the funding plan. It got hit in the last quarter when they took some power assets off the market in California. Compared to say Enbridge, ALA has so many assets and so much cash flow. He belives they will find a buyer for those assets and this stock move higher. This stock is cheap now and they pay a big dividend. Now is a good entry point. The WGL deal is accretive. Dividend of 8.8% is safe and can even grow it a few years. The chairman owns a lot of stock.

oil/gas
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0 comments
Ryan Bushell

President, Newhaven Asset Manag...

Price Price
$25.010
Owned Owned
Yes

DON'T BUY
Altagas Ltd(ALA-T) 

May 3, 2018

They did some major missteps in the last year and a half.  They were already facing some hurtles.  The acquisition has still not closed, being held up by regulatory approvals.  Buy the sub-receipts at a discount and then if the deal does not work you get the higher face value back.  Also the acquisition is not as interesting as it was when it was initiated because of changes in US tax rules.  We will know more over the next month or two.  They are the .R version of the security.

oil/gas
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They did some major missteps in the last year and a half.  They were already facing some hurtles.  The acquisition has still not closed, being held up by regulatory approvals.  Buy the sub-receipts at a discount and then if the deal does not work you get the higher face value back.  Also the acquisition is not as interesting as it was when it was initiated because of changes in US tax rules.  We will know more over the next month or two.  They are the .R version of the security.

oil/gas
0 0 0 0 0
0 comments
Robert Lauzon

Deputy Chi, Middlefield Capital ...

Price Price
$25.130
Owned Owned
Yes

COMMENT
Altagas Ltd(ALA-T) 

May 3, 2018

All these energy infrastructures have come down. Distribution is high and probably sustainable. He likes what he sees here but not one that he actively covers. 

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All these energy infrastructures have come down. Distribution is high and probably sustainable. He likes what he sees here but not one that he actively covers. 

oil/gas
0 0 0 0 0
0 comments
Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$25.130
Owned Owned
No

DON'T BUY
Altagas Ltd(ALA-T) 

April 19, 2018

It does not have much earnings support.  However the price of oil is oozing slowly higher.  He hopes soon it will 'energize' the oil patch.  The problem is that they are paying out more than they are making.  Unless there is a big recovery in earnings, they are going to have to cut their dividend fairly soon.  They do not have a powerful balance sheet.

oil/gas
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It does not have much earnings support.  However the price of oil is oozing slowly higher.  He hopes soon it will 'energize' the oil patch.  The problem is that they are paying out more than they are making.  Unless there is a big recovery in earnings, they are going to have to cut their dividend fairly soon.  They do not have a powerful balance sheet.

oil/gas
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Ross Healy

Chairman, Strategic Analysis C...

Price Price
$25.410
Owned Owned
Unknown

COMMENT
Altagas Ltd(ALA-T) 

April 16, 2018

The whole sector has pulled back and ALA is interest rate-sensitive, too. The big WGL acquisition in the U.S. will remain an overhang until later this year when/if approval is granted. Prefers Pembina and Enbridge.

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The whole sector has pulled back and ALA is interest rate-sensitive, too. The big WGL acquisition in the U.S. will remain an overhang until later this year when/if approval is granted. Prefers Pembina and Enbridge.

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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$25.040
Owned Owned
No

COMMENT
Altagas Ltd(ALA-T) 

April 13, 2018

He loved how the company has done the transformational acquisition.  They have taken on a lot of debt, but in a low interest rate environment.  He did sell out thinking there was a 20% risk of real inflation and the company may not be able to sell assets to pay for the acquisition. 

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He loved how the company has done the transformational acquisition.  They have taken on a lot of debt, but in a low interest rate environment.  He did sell out thinking there was a 20% risk of real inflation and the company may not be able to sell assets to pay for the acquisition. 

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Bill Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$24.780
Owned Owned
No

DON'T BUY
Altagas Ltd(ALA-T) 

April 4, 2018

They are in the process of acquiring WGL Holdings in the US and believes the final regulatory approval from Maryland should eventually come.  It appears they are in the penalty box until they successfully digest this sizable acquisition.  He does not particularly like this name. 

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They are in the process of acquiring WGL Holdings in the US and believes the final regulatory approval from Maryland should eventually come.  It appears they are in the penalty box until they successfully digest this sizable acquisition.  He does not particularly like this name. 

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Brian Madden

Senior VP , Goodreid Investment ...

Price Price
$23.630
Owned Owned
No

HOLD
Altagas Ltd(ALA-T) 

April 3, 2018

Be cautious and don't shop for dividend stocks in general. Play defence with names like this. Can't speak to ALA's dividend which is above 9%. Generally speaking, take profits and rotate into other sectors and be conservative. With ALA, wait and see. They are broadly based in Alberta, so be even more cautious.

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Be cautious and don't shop for dividend stocks in general. Play defence with names like this. Can't speak to ALA's dividend which is above 9%. Generally speaking, take profits and rotate into other sectors and be conservative. With ALA, wait and see. They are broadly based in Alberta, so be even more cautious.

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Jaime Carrasco

Portfolio , Canaccord Genuity...

Price Price
$23.520
Owned Owned
No

DON'T BUY
Altagas Ltd(ALA-T) 

April 2, 2018

Owns the receipts. Management blew it. If they sell their crown jewel to finance this deal, then the stock will get chopped. If they walk away, the stock will rise a little to the $31 receipt level, perfect for him. Three years ago they bought Californian assets and recently couldn't sell them. Managament has disappointed, and destroyed value. He hopes activist investors or regulators get involved to break the deal, so ALA can get out.

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Owns the receipts. Management blew it. If they sell their crown jewel to finance this deal, then the stock will get chopped. If they walk away, the stock will rise a little to the $31 receipt level, perfect for him. Three years ago they bought Californian assets and recently couldn't sell them. Managament has disappointed, and destroyed value. He hopes activist investors or regulators get involved to break the deal, so ALA can get out.

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John O'Connell,

Chairman a, Davis Rea...

Price Price
$23.510
Owned Owned
Yes

BUY
Altagas Ltd(ALA-T) 

March 29, 2018

High yield that is sustainable. Some non-core assets they are looking at to sell to reduce the leverage. Dividend is sustainable.

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High yield that is sustainable. Some non-core assets they are looking at to sell to reduce the leverage. Dividend is sustainable.

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Alex Ruus

Portfolio , Arrow Capital Manage...

Price Price
$23.840
Owned Owned
No

DON'T BUY
Altagas Ltd(ALA-T) 

March 28, 2018

if you buy for the yield, then you won't get much else. If the yield doesn't rise, then inflation will grind away at it. Who knows when the WGL deal in the U.S. gets done, if it does? Doesn't see stock price appreciation. No downside protection here either. So, he'd rather buy its bonds.

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if you buy for the yield, then you won't get much else. If the yield doesn't rise, then inflation will grind away at it. Who knows when the WGL deal in the U.S. gets done, if it does? Doesn't see stock price appreciation. No downside protection here either. So, he'd rather buy its bonds.

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David Driscoll

President , Liberty Internationa...

Price Price
$23.700
Owned Owned
Unknown

COMMENT
Altagas Ltd(ALA-T) 

March 27, 2018

Problem is their acquisitions: major U.S. one with a lot of debt. The pending deal with WGL Holdings is weighing on the stock. Not worried about the high dividend above 9%.

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Problem is their acquisitions: major U.S. one with a lot of debt. The pending deal with WGL Holdings is weighing on the stock. Not worried about the high dividend above 9%.

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John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$23.790
Owned Owned
No

BUY
Altagas Ltd(ALA-T) 

March 26, 2018

Your first reaction with seeing the 9% yield is that it's in trouble. ALA is awaiting US approval of the
WGL utility deal, carries a high debt and was unable to sell a holding recently. But he believes the deal
with go through and ALA will sell off assets to reduce their debt. This is an opportunity.

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Your first reaction with seeing the 9% yield is that it's in trouble. ALA is awaiting US approval of the
WGL utility deal, carries a high debt and was unable to sell a holding recently. But he believes the deal
with go through and ALA will sell off assets to reduce their debt. This is an opportunity.

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Jim Huang

President, T.I.P. Wealth Manage...

Price Price
$24.030
Owned Owned
Unknown

TOP PICK
Altagas Ltd(ALA-T) 

March 23, 2018

They own this already and are a little concerned of the recent break down below $26.  He believes the dividend is safe.  It may take a year for it to find its legs.  He sees $32 as an upward target.  They just raised the dividend.  Yield 9.1%.  (Analysts’ price target is $28.82 )

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