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 Mar, 18, 2019, 3:00 pm

18.02 0.24 (1.35%)

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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BUY
Altagas Ltd(ALA-T) 

March 6, 2019

The preferred K, a rate-reset They've done a good job of splitting up the company into two stocks. They've got things on track. You can hold this preferred. The next reset is not till 2022. ALA has to do more work, but he is confident they can dig themselves out.
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The preferred K, a rate-reset They've done a good job of splitting up the company into two stocks. They've got things on track. You can hold this preferred. The next reset is not till 2022. ALA has to do more work, but he is confident they can dig themselves out.
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Andrew Pink

Portfolio , LDIC...

Price Price
$17.980
Owned Owned
Unknown

WATCH
Altagas Ltd(ALA-T) 

March 1, 2019

This is starting to recover. It was a darling and fell. A lot of bad news in 2018. They cut the dividend. They are now posturing the name for the next 5-10 years. He believes the company will grow. Yields about 5%. They have a number of businesses coming on stream.
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This is starting to recover. It was a darling and fell. A lot of bad news in 2018. They cut the dividend. They are now posturing the name for the next 5-10 years. He believes the company will grow. Yields about 5%. They have a number of businesses coming on stream.
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Lyle Stein

Sr. Portfo, Vestcap Investment M...

Price Price
$17.760
Owned Owned
Yes

HOLD
Altagas Ltd(ALA-T) 

February 27, 2019

A rough year last year and is up about 30% year to date. Their acquisition caused concern for the market. The assets are still top quality. They plan to sell $3 billion in assets. Their Ridley Island propane export terminal will help. The stock will continue to grind higher. He will continue to hold it.
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A rough year last year and is up about 30% year to date. Their acquisition caused concern for the market. The assets are still top quality. They plan to sell $3 billion in assets. Their Ridley Island propane export terminal will help. The stock will continue to grind higher. He will continue to hold it.
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Ryan Bushell

President, Newhaven Asset Manag...

Price Price
$16.450
Owned Owned
Yes

DON'T BUY
Altagas Ltd(ALA-T) 

February 26, 2019

ALA has recently risen from the low-teens to $16 He sold this in 2016. He didn't know it then, but ALA bought a big utility in Washington. They are de-leveraging when many other companies are. He isn't fond of the cost of that utility. They just changed CEO's under strange circumstances. The CEO has cut the dividend, but not enough has changed for him. Take profits or don't own.
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ALA has recently risen from the low-teens to $16 He sold this in 2016. He didn't know it then, but ALA bought a big utility in Washington. They are de-leveraging when many other companies are. He isn't fond of the cost of that utility. They just changed CEO's under strange circumstances. The CEO has cut the dividend, but not enough has changed for him. Take profits or don't own.
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Brian Madden

Senior VP , Goodreid Investment ...

Price Price
$16.200
Owned Owned
No

DON'T BUY
Altagas Ltd(ALA-T) 

February 25, 2019

The 5.9% dividend appears attractive, but is it sustainable? Maybe this is okay if you can take more risk.
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The 5.9% dividend appears attractive, but is it sustainable? Maybe this is okay if you can take more risk.
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Andrew Pyle

Senior wea, The Pyle Group, Scot...

Price Price
$16.390
Owned Owned
Unknown

DON'T BUY
Altagas Ltd(ALA-T) 

February 4, 2019

A good name in terms of if you want to be prone to take some risk for potential returns. Similar to energy names it has lagged recently. You can be very patient with it if you want. Don’t expect it to break out easily. Buy the weakness and don’t chase strength. He does not go after it because it does not show any relative strength. It is a range trader.
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A good name in terms of if you want to be prone to take some risk for potential returns. Similar to energy names it has lagged recently. You can be very patient with it if you want. Don’t expect it to break out easily. Buy the weakness and don’t chase strength. He does not go after it because it does not show any relative strength. It is a range trader.
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Sid Mokhtari

Executive , CIBC World Markets...

Price Price
$14.300
Owned Owned
Unknown

PAST TOP PICK
Altagas Ltd(ALA-T) 

February 4, 2019

(A Top Pick Mar 23/18, Down 38%) He started averaging down. He is glad he hung in. He has started a drip to buy more shares. He thinks it will take a couple of years to repair.
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(A Top Pick Mar 23/18, Down 38%) He started averaging down. He is glad he hung in. He has started a drip to buy more shares. He thinks it will take a couple of years to repair.
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$14.300
Owned Owned
Yes

DON'T BUY
Altagas Ltd(ALA-T) 

January 31, 2019

He got out a year and a half ago. They are working out problems of too much debt and an acquisition that did not go as planned. You do not need to be there. See his top picks for one he prefers. He owns a spinout from them from last year.
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He got out a year and a half ago. They are working out problems of too much debt and an acquisition that did not go as planned. You do not need to be there. See his top picks for one he prefers. He owns a spinout from them from last year.
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Robert Lauzon

Deputy Chi, Middlefield Capital ...

Price Price
$13.450
Owned Owned
No

COMMENT
Altagas Ltd(ALA-T) 

January 30, 2019

A controversial name after the huge WGL purchase and cutting their dividend. They should be able to manage their balance sheet in the next few years. They bought WGL for growth--and that's coming. Pays a 7% dividend. A high-risk name, but they will do okay in the long run.
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A controversial name after the huge WGL purchase and cutting their dividend. They should be able to manage their balance sheet in the next few years. They bought WGL for growth--and that's coming. Pays a 7% dividend. A high-risk name, but they will do okay in the long run.
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Jim Huang

President, T.I.P. Wealth Manage...

Price Price
$13.460
Owned Owned
Unknown

SELL
Altagas Ltd(ALA-T) 

January 28, 2019

Normally, it would look attractive now, but since 2011 it rose way above current levels. It had a sad, awful run. It broke through any head and shoulders formation.
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Normally, it would look attractive now, but since 2011 it rose way above current levels. It had a sad, awful run. It broke through any head and shoulders formation.
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Elliott Fishman

Director o, Trading Services Gro...

Price Price
$13.605
Owned Owned
Unknown

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

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