Altagas Ltd

ALA-T

Analysis and Opinions about ALA-T

Signal
Opinion
Expert
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.
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