Altagas Ltd

ALA-T

TSE:ALA

20.92
0.00 (0.00%)
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.
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Analysis and Opinions about ALA-T

Signal
Opinion
Expert
HOLD
HOLD
February 20, 2020

A hold at current prices. Purchase of Washington Electric is working out pretty well. A more defensive company now. There are better names out there. He owns ENB and TRP. (Analysts’ price target is $23.14)

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Altagas Ltd (ALA-T)
February 20, 2020

A hold at current prices. Purchase of Washington Electric is working out pretty well. A more defensive company now. There are better names out there. He owns ENB and TRP. (Analysts’ price target is $23.14)

DON'T BUY
DON'T BUY
February 12, 2020

If it's not a leader in the group, he won't buy it. He'd rather buy Pembina.

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Altagas Ltd (ALA-T)
February 12, 2020

If it's not a leader in the group, he won't buy it. He'd rather buy Pembina.

DON'T BUY
DON'T BUY
February 10, 2020
It has had a bit of a rough ride. They pre-funded a deal across the border with debt and then it was delayed for a number of quarters. They had to sell down some quality assets.
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Altagas Ltd (ALA-T)
February 10, 2020
It has had a bit of a rough ride. They pre-funded a deal across the border with debt and then it was delayed for a number of quarters. They had to sell down some quality assets.
DON'T BUY
DON'T BUY
January 28, 2020
They got into trouble with a major US acquisition some years ago, but that was a buying opportunity to pick up their spin-out, Altagas Canada. Now, ALA is paying down debts by selling assets, so that checks off that box. They're a utility, mid-stream, a little of everything. That said, there are better opportunities elsewhere.
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Altagas Ltd (ALA-T)
January 28, 2020
They got into trouble with a major US acquisition some years ago, but that was a buying opportunity to pick up their spin-out, Altagas Canada. Now, ALA is paying down debts by selling assets, so that checks off that box. They're a utility, mid-stream, a little of everything. That said, there are better opportunities elsewhere.
DON'T BUY
DON'T BUY
January 9, 2020
Starting to recover under new management. Dividend is safe, only because it was slashed earlier. Not much growth. Better ideas in energy. Lots of leverage. Valuation not compelling. What you're seeing is the dead cat bounce.
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Altagas Ltd (ALA-T)
January 9, 2020
Starting to recover under new management. Dividend is safe, only because it was slashed earlier. Not much growth. Better ideas in energy. Lots of leverage. Valuation not compelling. What you're seeing is the dead cat bounce.
TOP PICK
TOP PICK
January 6, 2020
2020 sets up really well for this company. They sold a lot of assets and paid down a lot of debt. They have acquired a utility business in Washington in which they have not filed the rate cases yet. They will have lower interest payments and a propane export terminal that started in the middle of last year. (Analysts’ price target is $22.36)
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Altagas Ltd (ALA-T)
January 6, 2020
2020 sets up really well for this company. They sold a lot of assets and paid down a lot of debt. They have acquired a utility business in Washington in which they have not filed the rate cases yet. They will have lower interest payments and a propane export terminal that started in the middle of last year. (Analysts’ price target is $22.36)
HOLD
HOLD
January 3, 2020
They had become over leveraged in Canada. The fall from $30 has yet to recover. Permian production in the US could fall, but it is not enough to drive natural gas prices to drive back to $4 per mcf. This is a hold right here.
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Altagas Ltd (ALA-T)
January 3, 2020
They had become over leveraged in Canada. The fall from $30 has yet to recover. Permian production in the US could fall, but it is not enough to drive natural gas prices to drive back to $4 per mcf. This is a hold right here.
DON'T BUY
DON'T BUY
November 20, 2019
There has been a great run in defensive assets. He thinks the outlook forward for utilities is muddied. Investors will not look to this space when the economy accelerates. He would not be a buyer here.
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Altagas Ltd (ALA-T)
November 20, 2019
There has been a great run in defensive assets. He thinks the outlook forward for utilities is muddied. Investors will not look to this space when the economy accelerates. He would not be a buyer here.
BUY
BUY
November 18, 2019
It's now breaking a long-term downtrend and now starting an uptrend. He likes the chart. Good, strong dividend. As long as it doesn't break the recent low around $17, this will do well. He likes the chart.
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Altagas Ltd (ALA-T)
November 18, 2019
It's now breaking a long-term downtrend and now starting an uptrend. He likes the chart. Good, strong dividend. As long as it doesn't break the recent low around $17, this will do well. He likes the chart.
PARTIAL SELL
PARTIAL SELL
November 12, 2019
Start selling it off gradually. ALA may go higher, but take profits a bit.
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Altagas Ltd (ALA-T)
November 12, 2019
Start selling it off gradually. ALA may go higher, but take profits a bit.
BUY
BUY
October 30, 2019
Good if you want yield, paying 5.2%. There's been a floor in place recently, and this sector does well in a low-interest rate environment--and rates will likely not rise. This is a decent play now.
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Altagas Ltd (ALA-T)
October 30, 2019
Good if you want yield, paying 5.2%. There's been a floor in place recently, and this sector does well in a low-interest rate environment--and rates will likely not rise. This is a decent play now.
PAST TOP PICK
PAST TOP PICK
October 28, 2019
(A Top Pick Oct 19/18, Down 6%) He is now out of it. There was doubt about their ability to sell assets and about their debt load. Longer term, their business is fine. They had to cut the dividend last year. He prefers the infrastructure space right now. This is still a fine company.
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Altagas Ltd (ALA-T)
October 28, 2019
(A Top Pick Oct 19/18, Down 6%) He is now out of it. There was doubt about their ability to sell assets and about their debt load. Longer term, their business is fine. They had to cut the dividend last year. He prefers the infrastructure space right now. This is still a fine company.
BUY WEAKNESS
BUY WEAKNESS
October 24, 2019
They have been on a roller coaster for the last few years. The dividend is still on ice for a while until they de-lever a bit more. He likes the name but is not in it now. He would buy on a significant pullback.
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Altagas Ltd (ALA-T)
October 24, 2019
They have been on a roller coaster for the last few years. The dividend is still on ice for a while until they de-lever a bit more. He likes the name but is not in it now. He would buy on a significant pullback.
PAST TOP PICK
PAST TOP PICK
October 23, 2019
(A Top Pick Oct 31/18, Up 24%) He bought it for the dividend after a big pullback. He's holding on for that dividend. Energy will come alive at some point, and ALA will benefit. This is more of an electric generator (than oil), though tied to Alberta.
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Altagas Ltd (ALA-T)
October 23, 2019
(A Top Pick Oct 31/18, Up 24%) He bought it for the dividend after a big pullback. He's holding on for that dividend. Energy will come alive at some point, and ALA will benefit. This is more of an electric generator (than oil), though tied to Alberta.
PAST TOP PICK
PAST TOP PICK
September 19, 2019
(A Top Pick Sep 26/18, Up 1%) It was up and back. It got completely misunderstood by the marketplace. They were forced by the market to cut the dividend because it was at 15% but they didn’t need to. They are investing in a utility at a great rate of return and you will see it start to seep into the company returns. You should see a dividend increase next year.
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Altagas Ltd (ALA-T)
September 19, 2019
(A Top Pick Sep 26/18, Up 1%) It was up and back. It got completely misunderstood by the marketplace. They were forced by the market to cut the dividend because it was at 15% but they didn’t need to. They are investing in a utility at a great rate of return and you will see it start to seep into the company returns. You should see a dividend increase next year.
BUY
BUY
September 17, 2019
If you own this already, hold onto. The valuation is attractive to buy. They've pruned assets and paid down debt. Reasonably run. It's undervalued vs. its peers. In time, you will be rewarded for holding it.
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Altagas Ltd (ALA-T)
September 17, 2019
If you own this already, hold onto. The valuation is attractive to buy. They've pruned assets and paid down debt. Reasonably run. It's undervalued vs. its peers. In time, you will be rewarded for holding it.
PAST TOP PICK
PAST TOP PICK
September 13, 2019
(A Top Pick Oct 05/18, Down 3%) This was a theme of trying to catch a falling knife. He was surprised how it got wiped out and he got stopped out earlier. They spun out the Canadian utilities business, which was unexpected. This left the US acquisition in Washington. The market didn't like the debt level, when interest rates were going up.
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Altagas Ltd (ALA-T)
September 13, 2019
(A Top Pick Oct 05/18, Down 3%) This was a theme of trying to catch a falling knife. He was surprised how it got wiped out and he got stopped out earlier. They spun out the Canadian utilities business, which was unexpected. This left the US acquisition in Washington. The market didn't like the debt level, when interest rates were going up.
HOLD
HOLD
August 29, 2019
It has had a stormy couple of years. It is now coming back. They are in the energy business where there have been no money flows for 4 years. There is a turnaround in place. It will be a slow and steady stock.
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Altagas Ltd (ALA-T)
August 29, 2019
It has had a stormy couple of years. It is now coming back. They are in the energy business where there have been no money flows for 4 years. There is a turnaround in place. It will be a slow and steady stock.
WATCH
WATCH
August 23, 2019
He was shocked when they announced they were combining with a utility in Washington DC. He thought the culture was too different. The stock seems to have made some good moves in sales and is now watching this stock.
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Altagas Ltd (ALA-T)
August 23, 2019
He was shocked when they announced they were combining with a utility in Washington DC. He thought the culture was too different. The stock seems to have made some good moves in sales and is now watching this stock.
COMMENT
COMMENT
August 21, 2019
Rate reset vs Rate reset with a floor. The stock is down because of the credit risk. Should look at the bond, and the prefs will perform. Altagas is trading weakly, even with a floor due to this.
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Altagas Ltd (ALA-T)
August 21, 2019
Rate reset vs Rate reset with a floor. The stock is down because of the credit risk. Should look at the bond, and the prefs will perform. Altagas is trading weakly, even with a floor due to this.
DON'T BUY
DON'T BUY
August 20, 2019
ALA blew itself up, and is fixing its balance sheet. They have worked out some, but not all its problems. He predicts they will sell Altagas Canada as part of their re-structuring.
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Altagas Ltd (ALA-T)
August 20, 2019
ALA blew itself up, and is fixing its balance sheet. They have worked out some, but not all its problems. He predicts they will sell Altagas Canada as part of their re-structuring.
COMMENT
COMMENT
August 13, 2019
They have made a lot of positive progress on the balance sheet after the US acquisition. At this point they have done what it is required to stabilize the balance sheet. She does not own it.
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Altagas Ltd (ALA-T)
August 13, 2019
They have made a lot of positive progress on the balance sheet after the US acquisition. At this point they have done what it is required to stabilize the balance sheet. She does not own it.
BUY
BUY
August 13, 2019
His colleague upgraded ALA recently. It broke its long downtrend earlier this year and at that time he said don't buy until ALA breaks its downtrend. Now, it continues a new uptrend, and it pays a strong dividend. Cap your risk at recent lows; as long as it doesn't fall below around $19, ALA looks good. It's pushing higher in a new uptrend.
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Altagas Ltd (ALA-T)
August 13, 2019
His colleague upgraded ALA recently. It broke its long downtrend earlier this year and at that time he said don't buy until ALA breaks its downtrend. Now, it continues a new uptrend, and it pays a strong dividend. Cap your risk at recent lows; as long as it doesn't fall below around $19, ALA looks good. It's pushing higher in a new uptrend.
DON'T BUY
DON'T BUY
August 6, 2019
He would be careful with this one as the balance sheet appears stretched. Dividend growth is likely to be muted going forward. Money may come out of this one from investors.
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Altagas Ltd (ALA-T)
August 6, 2019
He would be careful with this one as the balance sheet appears stretched. Dividend growth is likely to be muted going forward. Money may come out of this one from investors.
HOLD
HOLD
July 24, 2019
Selling US assets? The recent sale of assets has been to address balance sheet issues. The assets were non-core, which allows them to focus on the remaining. He does not own it, but feels management has been doing the right things. They are moving more towards being a regulated entity. Their credit rating has moved close to becoming junk status, which is why they are trying to improve the balance sheet.
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Altagas Ltd (ALA-T)
July 24, 2019
Selling US assets? The recent sale of assets has been to address balance sheet issues. The assets were non-core, which allows them to focus on the remaining. He does not own it, but feels management has been doing the right things. They are moving more towards being a regulated entity. Their credit rating has moved close to becoming junk status, which is why they are trying to improve the balance sheet.
HOLD
HOLD
July 23, 2019
He owned it in the past. He wishes they would have come back in. The delay in the Washington acquisition caused debt to become an issue making them over levered. He owns the bonds. He likes how they are getting the balance sheet back into good repair. He would be comfortable holding.
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Altagas Ltd (ALA-T)
July 23, 2019
He owned it in the past. He wishes they would have come back in. The delay in the Washington acquisition caused debt to become an issue making them over levered. He owns the bonds. He likes how they are getting the balance sheet back into good repair. He would be comfortable holding.
DON'T BUY
DON'T BUY
June 14, 2019
Great business in Canada, and then they levered up to buy a gas company. No one in the market today likes debt. Numbers have stalled. There are more stable opportunities elsewhere.
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Altagas Ltd (ALA-T)
June 14, 2019
Great business in Canada, and then they levered up to buy a gas company. No one in the market today likes debt. Numbers have stalled. There are more stable opportunities elsewhere.
BUY
BUY
June 4, 2019
Likes it. He's holding onto dividend payers like this one, but in an underweight position. Has a $20 target, and is comfortable with the dividend. A utility like this one is a good place to sit for the dividend. Massive downturn offers a great entry point. Cautionary note is the Alberta economy.
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Altagas Ltd (ALA-T)
June 4, 2019
Likes it. He's holding onto dividend payers like this one, but in an underweight position. Has a $20 target, and is comfortable with the dividend. A utility like this one is a good place to sit for the dividend. Massive downturn offers a great entry point. Cautionary note is the Alberta economy.
WAIT
WAIT
May 31, 2019
He doesn't think we have seen the final outcome of their takeover yet, so would wait to see how that materializes. There may be some regulation hurdles to still overcome.
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Altagas Ltd (ALA-T)
May 31, 2019
He doesn't think we have seen the final outcome of their takeover yet, so would wait to see how that materializes. There may be some regulation hurdles to still overcome.
HOLD
HOLD
May 28, 2019
A recovery story he missed. He prefers the dividend and growth that comes from Enbridge even as their business is more stable now.
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Altagas Ltd (ALA-T)
May 28, 2019
A recovery story he missed. He prefers the dividend and growth that comes from Enbridge even as their business is more stable now.
HOLD
HOLD
May 16, 2019
He bailed. They made this transformational acquisition in Washington and they over levered themselves. They had to spin out Alberta Gas Canada. He still owns the bonds as they are deleveraging. He wouldn't go back even as it is safer now.
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Altagas Ltd (ALA-T)
May 16, 2019
He bailed. They made this transformational acquisition in Washington and they over levered themselves. They had to spin out Alberta Gas Canada. He still owns the bonds as they are deleveraging. He wouldn't go back even as it is safer now.
BUY
BUY
May 15, 2019
They are trying to rebalance following the Washington asset acquisition. No one liked the cut in dividend, but it was prudent. The stock has bounced and the yield is around 5%. He thinks the market is not valuing it fully. They are selling assets at good prices and Washington Power had a great earnings quarter. The propane export terminal in Vancouver is a huge investment that is starting to pay off.
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Altagas Ltd (ALA-T)
May 15, 2019
They are trying to rebalance following the Washington asset acquisition. No one liked the cut in dividend, but it was prudent. The stock has bounced and the yield is around 5%. He thinks the market is not valuing it fully. They are selling assets at good prices and Washington Power had a great earnings quarter. The propane export terminal in Vancouver is a huge investment that is starting to pay off.
PAST TOP PICK
PAST TOP PICK
April 30, 2019
(A Top Pick May 10/17, Down 23%) He kept averaging down as it plunged last year, so it's been a strong performer as it has bounced up. That bottom should never have happened. problem was, they reported in Q3 when utilities report their weakest earnings in the warmest weather; you don't use as much lighting and heating then. So, ALA made a major acquisition at this time when they reported weak, and the market didn't like that. A good Q4 report then triggered a rally. He predicts Q1 will push this further up. What's under the radar is their new propane exports terminal starting now, which will help ALA recover. Sometimes the market is focused on the short term. Be patient.
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Altagas Ltd (ALA-T)
April 30, 2019
(A Top Pick May 10/17, Down 23%) He kept averaging down as it plunged last year, so it's been a strong performer as it has bounced up. That bottom should never have happened. problem was, they reported in Q3 when utilities report their weakest earnings in the warmest weather; you don't use as much lighting and heating then. So, ALA made a major acquisition at this time when they reported weak, and the market didn't like that. A good Q4 report then triggered a rally. He predicts Q1 will push this further up. What's under the radar is their new propane exports terminal starting now, which will help ALA recover. Sometimes the market is focused on the short term. Be patient.
COMMENT
COMMENT
April 25, 2019
Own debt rather than the stock. Acquisition from 2016-17 got delayed, too much debt, management changes. Core focus has to be on what core assets are in US. Not top of his list in the space. Have to get the debt down and sell assets. For dividend investors, it's at an OK level.
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Altagas Ltd (ALA-T)
April 25, 2019
Own debt rather than the stock. Acquisition from 2016-17 got delayed, too much debt, management changes. Core focus has to be on what core assets are in US. Not top of his list in the space. Have to get the debt down and sell assets. For dividend investors, it's at an OK level.
DON'T BUY
DON'T BUY
April 10, 2019
They spun out Canadian assets to pay for an American purchase. Pays a good yield, but sees better cash flow growth and a better balance sheet elsewhere.
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Altagas Ltd (ALA-T)
April 10, 2019
They spun out Canadian assets to pay for an American purchase. Pays a good yield, but sees better cash flow growth and a better balance sheet elsewhere.
BUY
BUY
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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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.
WATCH
WATCH
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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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.
HOLD
HOLD
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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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.
DON'T BUY
DON'T BUY
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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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.
DON'T BUY
DON'T BUY
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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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.
DON'T BUY
DON'T BUY
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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Altagas Ltd (ALA-T)
February 4, 2019