Altagas Ltd

ALA-T

TSE:ALA

22.45
0.03 (0.13%)
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
BUY
BUY
September 28, 2009
Managed fairly conservatively. 60% of the business is gathering and midstream and midstream has been very profitable. Relatively safe. Management has indicated they will be paying a dividend of about the same level after they convert to a corp.
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Altagas Ltd (ALA-T)
September 28, 2009
Managed fairly conservatively. 60% of the business is gathering and midstream and midstream has been very profitable. Relatively safe. Management has indicated they will be paying a dividend of about the same level after they convert to a corp.
TOP PICK
TOP PICK
September 18, 2009
Natural gas distributor and service company. Cash flow is not weighted towards gas price although down the road it could be weighted towards gas production volume. Almost 13% distribution could be slightly vulnerable if gas volumes drop off a lot.
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Altagas Ltd (ALA-T)
September 18, 2009
Natural gas distributor and service company. Cash flow is not weighted towards gas price although down the road it could be weighted towards gas production volume. Almost 13% distribution could be slightly vulnerable if gas volumes drop off a lot.
BUY
BUY
August 11, 2009
In the infrastructure area, midstream area, which does not avoid some of the commodity risks out there. Revolves around infrastructure and producing electricity. Good distribution.
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Altagas Ltd (ALA-T)
August 11, 2009
In the infrastructure area, midstream area, which does not avoid some of the commodity risks out there. Revolves around infrastructure and producing electricity. Good distribution.
HOLD
HOLD
July 24, 2009
Doesn't see it going much higher from here but you get paid to hold it.
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Altagas Ltd (ALA-T)
July 24, 2009
Doesn't see it going much higher from here but you get paid to hold it.
BUY
BUY
July 6, 2009
(Market Call Minute.) Energy infrastructure trusts. Will convert to a Corp. in 2011.
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Altagas Ltd (ALA-T)
July 6, 2009
(Market Call Minute.) Energy infrastructure trusts. Will convert to a Corp. in 2011.
BUY
BUY
June 24, 2009
Their business is pretty diversified. They are making a spread between the price of oil and the price of gas. A stable business. Thinks the distribution is safe.
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Altagas Ltd (ALA-T)
June 24, 2009
Their business is pretty diversified. They are making a spread between the price of oil and the price of gas. A stable business. Thinks the distribution is safe.
HOLD
HOLD
June 1, 2009
(Market Call Minute.) Power and natural gas liquids are weak and the frac spreads are thin. Long-term it is a very well run company.
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Altagas Ltd (ALA-T)
June 1, 2009
(Market Call Minute.) Power and natural gas liquids are weak and the frac spreads are thin. Long-term it is a very well run company.
BUY
BUY
April 27, 2009
(Market Call Minute) 50% exposure to power/50% exposure to gas.
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Altagas Ltd (ALA-T)
April 27, 2009
(Market Call Minute) 50% exposure to power/50% exposure to gas.
Ben Cheng

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Price
$14.620
Owned
Unknown
TOP PICK
TOP PICK
April 2, 2009
Energy infrastructure balance between power and gas, with a gas part being gathering and processing and NLG extraction. Conservative and defensive in how it manages its business. A lot of hedging in place. Good balance sheet. Really, really cheap.
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Altagas Ltd (ALA-T)
April 2, 2009
Energy infrastructure balance between power and gas, with a gas part being gathering and processing and NLG extraction. Conservative and defensive in how it manages its business. A lot of hedging in place. Good balance sheet. Really, really cheap.
BUY
BUY
March 25, 2009
(Market Call Minute.) Energy infrastructure name.
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Altagas Ltd (ALA-T)
March 25, 2009
(Market Call Minute.) Energy infrastructure name.
TOP PICK
TOP PICK
February 27, 2009
Natural gas. 2nd quarter results were quite strong. Has been unduly punished and is very cheap. Thinks distribution is safe. Do a very good job of hedging with 66% on the power side for 09 and 50% in 2010. On frac spreads 50% in 09 and 15%-20% in 2010. Good management ownership.
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Altagas Ltd (ALA-T)
February 27, 2009
Natural gas. 2nd quarter results were quite strong. Has been unduly punished and is very cheap. Thinks distribution is safe. Do a very good job of hedging with 66% on the power side for 09 and 50% in 2010. On frac spreads 50% in 09 and 15%-20% in 2010. Good management ownership.
BUY
BUY
February 17, 2009
Still on a base building pattern. At this level, you could probably make a purchase with a Stop at about $14.25. Expect some resistance at about $19, which would be a good point for profit taking.
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Altagas Ltd (ALA-T)
February 17, 2009
Still on a base building pattern. At this level, you could probably make a purchase with a Stop at about $14.25. Expect some resistance at about $19, which would be a good point for profit taking.
BUY
BUY
February 13, 2009
(Market Call Minute.) Midstream pipelines and some power generation in Alberta. Very steady performer.
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Altagas Ltd (ALA-T)
February 13, 2009
(Market Call Minute.) Midstream pipelines and some power generation in Alberta. Very steady performer.
BUY
BUY
February 3, 2009
13% yield is safe. Conservatively run. Clean balance sheet. Number of projects coming on stream. Pretty good visibility on growth. Balanced in that it has a 1) power business, 2) gathering and processing business and 3) NGL extraction. Those 3 tend to move out of step with each other so weakness in one place could have strength somewhere else. Good hedges.
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Altagas Ltd (ALA-T)
February 3, 2009
13% yield is safe. Conservatively run. Clean balance sheet. Number of projects coming on stream. Pretty good visibility on growth. Balanced in that it has a 1) power business, 2) gathering and processing business and 3) NGL extraction. Those 3 tend to move out of step with each other so weakness in one place could have strength somewhere else. Good hedges.
BUY
BUY
January 28, 2009
Went to pipelines when things got ugly in the market. His #1 is Inter Pipeline (IPL.UN-T), #2 Pembina (PIF.UN-T), #3 Keyera (KEY.UN-T) and Altagas (ALA.UN-T). In terms of consolidation he thinks all 4 are takeover candidates by institutional holders. 13% yield is sustainable.
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Altagas Ltd (ALA-T)
January 28, 2009
Went to pipelines when things got ugly in the market. His #1 is Inter Pipeline (IPL.UN-T), #2 Pembina (PIF.UN-T), #3 Keyera (KEY.UN-T) and Altagas (ALA.UN-T). In terms of consolidation he thinks all 4 are takeover candidates by institutional holders. 13% yield is sustainable.
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