Altagas Ltd

ALA-T

Analysis and Opinions about ALA-T

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Opinion
Expert
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
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.
PAST TOP PICK
PAST TOP PICK
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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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.
DON'T BUY
DON'T BUY
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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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.
COMMENT
COMMENT
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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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.
SELL
SELL
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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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.
DON'T BUY
DON'T BUY
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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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.
DON'T BUY
DON'T BUY
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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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.
PAST TOP PICK
PAST TOP PICK
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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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.
PAST TOP PICK
PAST TOP PICK
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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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.
DON'T BUY
DON'T BUY
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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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.
BUY
BUY
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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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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