Altagas Ltd

ALA-T

TSE:ALA

19.97
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
SELL
SELL
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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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.
PAST TOP PICK
PAST TOP PICK
November 22, 2018
(A Top Pick Sep 13/17, Down 36%) Got out of it at around $20. It was a leverage problem. Since the last quarter there are rumors that the dividend is going to be cut. At 14% yield the distribution is unsustainable. they still have good assets.
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Altagas Ltd (ALA-T)
November 22, 2018
(A Top Pick Sep 13/17, Down 36%) Got out of it at around $20. It was a leverage problem. Since the last quarter there are rumors that the dividend is going to be cut. At 14% yield the distribution is unsustainable. they still have good assets.
BUY
BUY
November 16, 2018
Part of the absolute disaster in crude. If you have it, stay in. He’d buy it here. (Analysts’ price target is $21.42)
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Altagas Ltd (ALA-T)
November 16, 2018
Part of the absolute disaster in crude. If you have it, stay in. He’d buy it here. (Analysts’ price target is $21.42)
DON'T BUY
DON'T BUY
November 9, 2018
This name is a bit of a concern. Most of the technicals on this name are negative. It has been on a long downward trend. He does not think the dividend is safe.
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Altagas Ltd (ALA-T)
November 9, 2018
This name is a bit of a concern. Most of the technicals on this name are negative. It has been on a long downward trend. He does not think the dividend is safe.
COMMENT
COMMENT
November 6, 2018
Will there be more downward pressure? It's a toughie. They expanded in the U.S and bit off more than they could chew. They also changed top management. Financing didn't go well. It's a comedy of errors. When they announced the dividend cut--and they should. They will get a bottom in place. If ALA does another dilution (which he doesn't expect), that's a caveat. Now, it's very cheap. If you're patient, wait it out.
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Altagas Ltd (ALA-T)
November 6, 2018
Will there be more downward pressure? It's a toughie. They expanded in the U.S and bit off more than they could chew. They also changed top management. Financing didn't go well. It's a comedy of errors. When they announced the dividend cut--and they should. They will get a bottom in place. If ALA does another dilution (which he doesn't expect), that's a caveat. Now, it's very cheap. If you're patient, wait it out.
WATCH
WATCH
November 5, 2018
There is a lot of concern about earnings and viability of the dividend. It looks like TRP-T in 1998 when they talked of reducing their dividend. It reversed since then. ALA-T has a lot of nervousness. All the fundamentals changed and it is now a dangerous stock. We need to wait for a confirmation of the reversal of the downtrend. They got rid of the premium drip program but that is just a drip in the bucket.
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Altagas Ltd (ALA-T)
November 5, 2018
There is a lot of concern about earnings and viability of the dividend. It looks like TRP-T in 1998 when they talked of reducing their dividend. It reversed since then. ALA-T has a lot of nervousness. All the fundamentals changed and it is now a dangerous stock. We need to wait for a confirmation of the reversal of the downtrend. They got rid of the premium drip program but that is just a drip in the bucket.
STRONG BUY
STRONG BUY
November 5, 2018
Can't believe how far down it's at now, at 30% discount to its book value. This has big, big upside. Has a $21 book value, which this could reach without breathing hard. Sometimes stocks sell-off irrationally.
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Altagas Ltd (ALA-T)
November 5, 2018
Can't believe how far down it's at now, at 30% discount to its book value. This has big, big upside. Has a $21 book value, which this could reach without breathing hard. Sometimes stocks sell-off irrationally.
DON'T BUY
DON'T BUY
November 2, 2018
Sell after doubling down recently? They'll likely cut the dividend; that's why there's major selling. They swallowed a lot of debt to pay for the WGL purchase. They sold some assets, but it's not enough--they need to sell more. They just missed targets badly. Failed to pay a good price for WGL and he doesn't feel they can absorb WGL with its other assets.
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Altagas Ltd (ALA-T)
November 2, 2018
Sell after doubling down recently? They'll likely cut the dividend; that's why there's major selling. They swallowed a lot of debt to pay for the WGL purchase. They sold some assets, but it's not enough--they need to sell more. They just missed targets badly. Failed to pay a good price for WGL and he doesn't feel they can absorb WGL with its other assets.
HOLD
HOLD
November 1, 2018
They just pulled off a huge acquisition in the US. If we can close above the $20 level then there should be a bigger shift underway and the stock is improving. There was a short term base forming over the last couple of days. If we close below the lows of the last couple of days then you should reduce exposure. Wait before you buy it.
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Altagas Ltd (ALA-T)
November 1, 2018
They just pulled off a huge acquisition in the US. If we can close above the $20 level then there should be a bigger shift underway and the stock is improving. There was a short term base forming over the last couple of days. If we close below the lows of the last couple of days then you should reduce exposure. Wait before you buy it.
DON'T BUY
DON'T BUY
October 31, 2018
Dividend of 13%, so expect a 50% dividend cut. This has been a complete disaster. Yes, dividends are great but what's a company's payout ratio and industry they're in? Look for dividend growers instead.
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Altagas Ltd (ALA-T)
October 31, 2018
Dividend of 13%, so expect a 50% dividend cut. This has been a complete disaster. Yes, dividends are great but what's a company's payout ratio and industry they're in? Look for dividend growers instead.
TOP PICK
TOP PICK
October 30, 2018
Bought a ¼ position when dividend went over 10%. They’re buffing up the balance sheet buy selling assets. Alberta-based is negative, but at this price it’s a good play for cash flow. Yield is 13.2%. (Analysts’ price target is $25.58)
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Altagas Ltd (ALA-T)
October 30, 2018
Bought a ¼ position when dividend went over 10%. They’re buffing up the balance sheet buy selling assets. Alberta-based is negative, but at this price it’s a good play for cash flow. Yield is 13.2%. (Analysts’ price target is $25.58)
SELL STRENGTH
SELL STRENGTH
October 29, 2018

The balance sheet is stretched and still needs fixing. They recently spun-off. A dividend cut is likely. It's getting hit today. You could see a dead-cat balance. This sector is out of favour. Has good assets. Sell it on any blip back up. Investors today are assuming a dividend cut.

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Altagas Ltd (ALA-T)
October 29, 2018

The balance sheet is stretched and still needs fixing. They recently spun-off. A dividend cut is likely. It's getting hit today. You could see a dead-cat balance. This sector is out of favour. Has good assets. Sell it on any blip back up. Investors today are assuming a dividend cut.

BUY
BUY
October 25, 2018

They did a spinoff of some of their Canadian assets to pay off some of their debt. Dividend payout is high but not inconceivable that it can stay there. If they did cut the dividend, it would not be a major cut. He likes the company. There is some upside potential. There are safer names in the utility space. This is a high leveraged utility name.

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Altagas Ltd (ALA-T)
October 25, 2018

They did a spinoff of some of their Canadian assets to pay off some of their debt. Dividend payout is high but not inconceivable that it can stay there. If they did cut the dividend, it would not be a major cut. He likes the company. There is some upside potential. There are safer names in the utility space. This is a high leveraged utility name.

DON'T BUY
DON'T BUY
October 24, 2018

They once had a good balance between utilities and non, but they just spun out their utilities. Also, they're fairly levered. Will they get a negative credit re-rating? And the dividend is a worrysome 10%. Look elsewhere in this space and be wary of ALA.

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Altagas Ltd (ALA-T)
October 24, 2018

They once had a good balance between utilities and non, but they just spun out their utilities. Also, they're fairly levered. Will they get a negative credit re-rating? And the dividend is a worrysome 10%. Look elsewhere in this space and be wary of ALA.

DON'T BUY
DON'T BUY
October 24, 2018

The 10% dividend isn't safe. They bought WGL in 2016 and this expensive deal just closed. The market didn't like it. ALA now has a ton of debt and it's paying it down by spinning off the Canadian assets. The market gave it a giant yawn, so ALA had to lower the IPO price. He doesn't like the management. Look elsewhere for a stable divide

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Altagas Ltd (ALA-T)
October 24, 2018

The 10% dividend isn't safe. They bought WGL in 2016 and this expensive deal just closed. The market didn't like it. ALA now has a ton of debt and it's paying it down by spinning off the Canadian assets. The market gave it a giant yawn, so ALA had to lower the IPO price. He doesn't like the management. Look elsewhere for a stable divide

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