Altagas Ltd (ALA-T) Stock Predictions - Stockchase
WATCH LIST
493
Altagas Ltd (ALA-T)

ON STOCKCHASE SINCE Feb 2001

oil/gas

Altagas Ltd

ALA-T

361 watching          
Join the Discussion

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

What the experts are saying about ALA-T



  • All
  • Filtered
Signal Opinion Expert
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.
oil/gas
0 0 0 0 0
0 comments
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.
oil/gas
0 0 0 0 0
0 comments
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.
oil/gas
0 0 0 0 0
0 comments
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.
oil/gas
0 0 0 0 0
0 comments
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.
oil/gas
0 0 0 0 0
0 comments
(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.
oil/gas
0 0 0 0 0
0 comments
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.
oil/gas
0 0 0 0 0
0 comments
(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.
oil/gas
0 0 0 0 0
0 comments
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.
oil/gas
0 0 0 0 0
0 comments
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.
oil/gas
0 0 0 0 0
0 comments
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.
oil/gas
0 0 0 0 0
0 comments
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.
oil/gas
0 0 0 0 0
0 comments
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.

oil/gas
0 0 0 0 0
0 comments

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.

oil/gas
0 0 0 0 0
0 comments
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.
oil/gas
0 0 0 0 0
0 comments
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.
oil/gas
0 0 0 0 0
0 comments
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.
oil/gas
0 0 0 0 0
0 comments
It is beaten up. The debt and acquisition they did. The spin out, AUI-T, he owns and likes. It has a safer yield.
oil/gas
0 0 0 0 0
0 comments
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.
oil/gas
0 0 0 0 0
0 comments
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.
oil/gas
0 0 0 0 0
0 comments
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.
oil/gas
0 0 0 0 0
0 comments
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.
oil/gas
0 0 0 0 0
0 comments
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.
oil/gas
0 0 0 0 0
0 comments
Was the decision to cut the dividend a dumb move? That was necessary. Management is like a gang that can't shoot straight. They destroyed this business by making an acquisition in the US. Very disappointed investment. They sold it at around $20. They are trading utilities companies like day trading. Only investment bankers are making money off this company in the last 5 years.
oil/gas
0 0 0 0 0
0 comments
John O'Connell,

Chairman a, Davis Rea...

Price 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.
oil/gas
0 0 0 0 0
0 comments
They've disappointed investors. Before, you bought a good utility with this, but then they spun it off with a lot of leverage. Some may question if the dividend is sustainable. He doesn't think it'll be immediately cut, but be careful with this one. Other utilities are safer.
oil/gas
0 0 0 0 0
0 comments
Michael Sprung

President, Sprung Investment Ma...

Price 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.
oil/gas
0 0 0 0 0
0 comments
They are paying too much in a dividend – twice what they are earning. It is trading at 40% of book value, which is cheap. If the earnings forecast of $1.09 per share comes through next year, it is really cheap today and could bounce back to $21.
oil/gas
0 0 0 0 0
0 comments
Ross Healy

Chairman, Strategic Analysis C...

Price 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.
oil/gas
0 0 0 0 0
0 comments
The dividend isn't sustainable, now at 15%. The market has already priced in a dividend cut. He sold his shares in 2016. They blew their brains out on the WGL purchase, then the CEO left. Tax-loss selling is kicking in. But don't sell it now. A new CEO starts at Dec. 13 who may cut the dividend, and ALA may benefit from the January effect. But long-term, don't own this.
oil/gas
0 0 0 0 0
0 comments
Brian Madden

Senior VP , Goodreid Investment ...

Price 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.
oil/gas
0 0 0 0 0
0 comments
It is a tough call at this stage. They made a pretty bad acquisition in California that is really taking them down. There are better opportunities out there. He prefers KEY-T.
oil/gas
0 0 0 0 0
0 comments
Stephen Takacsy

Chief Inve, Lester Asset Managem...

Price 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.
oil/gas
0 0 0 0 0
0 comments
Dividend is over 15% now; it keeps rising because the stock keeps falling. He's short it. It's getting to the point where it's a dangerous short, because it's fallen so fast. It scores at the botom of valuation and price momentum. Balance sheet is okay. Aside from shorting, he wouldn't buy it. He wants to see the trend turn up to buy it; and he wants to see improving earnings.
oil/gas
0 0 0 0 0
0 comments
Jason Mann

CIO & Co-F, Edgehill Patners...

Price 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.
oil/gas
0 0 0 0 0
0 comments
The integration of WGL and concerns over funding costs were overshadowed by a weak quarterly earnings report. They sold out at $18.25. They own good quality assets, but financing costs and concerns over higher interest rates is casting doubt out the dividend being maintained. Their risk management would not allow them to enter into this.
oil/gas
0 0 0 0 0
0 comments
Bryden Teich

Portfolio , Avenue Investment Ma...

Price 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.
oil/gas
0 0 0 0 0
0 comments
He bought the spin-off, Altagas Canada, recently, not this; it has a better balance sheet and growth. For ALA, the worry has been over the WGL acqusition and they massively levered to buy it. The spin-off is helping to ease debt. It'll take time to assimilate WGL. Yes, there's tax-loss selling going on now. He wouldn't sell it now, but expect a dividend cut. Look at the spin-off instead.
oil/gas
0 0 0 0 0
0 comments
John Zechner

Chairman, J. Zechner & Assoc...

Price 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.
oil/gas
0 0 0 0 0
0 comments
He would be inclined to sell. This is not one of the strongest utilities, there are other options. He would like to see what their US acquisition does for them. Their balance sheet is quite over levered. He does not think the current dividend yield of almost 15% is sustainable.
oil/gas
0 0 0 0 0
0 comments
Matt Kacur

President, FSA Financial Scienc...

Price 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.
oil/gas
0 0 0 0 0
0 comments
(A Top Pick Sep 13/17, Down 36%) Got out of it at around $20. It was a leverage problem. Since the last quarter there are rumors that the dividend is going to be cut. At 14% yield the distribution is unsustainable. they still have good assets.
oil/gas
0 0 0 0 0
0 comments
Paul Gardner, C

Partner an, Avenue Investment Ma...

Price 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)
oil/gas
0 0 0 0 0
0 comments
Part of the absolute disaster in crude. If you have it, stay in. He’d buy it here. (Analysts’ price target is $21.42)
oil/gas
0 0 0 0 0
0 comments
Elliott Fishman

Director o, Trading Services Gro...

Price 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.
oil/gas
0 0 0 0 0
0 comments
This name is a bit of a concern. Most of the technicals on this name are negative. It has been on a long downward trend. He does not think the dividend is safe.
oil/gas
0 0 0 0 0
0 comments
Rob Tetrault

Portfolio , Tetrault Wealth Advi...

Price 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.
oil/gas
0 0 0 0 0
0 comments
Will there be more downward pressure? It's a toughie. They expanded in the U.S and bit off more than they could chew. They also changed top management. Financing didn't go well. It's a comedy of errors. When they announced the dividend cut--and they should. They will get a bottom in place. If ALA does another dilution (which he doesn't expect), that's a caveat. Now, it's very cheap. If you're patient, wait it out.
oil/gas
0 0 0 0 0
0 comments
Rick Stuchberry

Portfolio , Wellington-Altus Pri...

Price 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.
oil/gas
0 1 0 0 0
0 comments
There is a lot of concern about earnings and viability of the dividend. It looks like TRP-T in 1998 when they talked of reducing their dividend. It reversed since then. ALA-T has a lot of nervousness. All the fundamentals changed and it is now a dangerous stock. We need to wait for a confirmation of the reversal of the downtrend. They got rid of the premium drip program but that is just a drip in the bucket.
oil/gas
0 1 0 0 0
0 comments
Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price 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.
oil/gas
0 0 0 0 0
0 comments
Can't believe how far down it's at now, at 30% discount to its book value. This has big, big upside. Has a $21 book value, which this could reach without breathing hard. Sometimes stocks sell-off irrationally.
oil/gas
0 0 0 0 0
0 comments
Ross Healy

Chairman, Strategic Analysis C...

Price 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.
oil/gas
0 0 0 0 0
0 comments
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.
oil/gas
0 0 0 0 0
0 comments
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.
oil/gas
0 1 0 0 0
0 comments
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.
oil/gas
0 1 0 0 0
0 comments
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.
oil/gas
0 0 0 0 0
0 comments
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.
oil/gas
0 0 0 0 0
0 comments
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)
oil/gas
0 0 0 0 0
0 comments
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)
oil/gas
0 0 0 0 0
0 comments
Jaime Carrasco

Portfolio , Canaccord Genuity...

Price Price
$16.660
Owned Owned
Yes

Showing 1 to 30 of 492 entries
Successfully Saved Company
Successfully Saved Company