Altagas Ltd

ALA-T

TSE:ALA

20.05
0.40 (2.04%)
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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ALA-CT Fundamental Data  by TradingView
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Technical Analysis for ALA-CT  by TradingView

Analysis and Opinions about ALA-T

Signal
Opinion
Expert
COMMENT
COMMENT
Altagas Ltd (ALA-T)
December 10, 2018
They've disappointed investors. Before, you bought a good utility with this, but then they spun it off with a lot of leverage. Some may question if the dividend is sustainable. He doesn't think it'll be immediately cut, but be careful with this one. Other utilities are safer.
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Altagas Ltd (ALA-T)
December 10, 2018
They've disappointed investors. Before, you bought a good utility with this, but then they spun it off with a lot of leverage. Some may question if the dividend is sustainable. He doesn't think it'll be immediately cut, but be careful with this one. Other utilities are safer.
oil/gas
0 Comments
Michael Sprung

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Price
$13.740
Owned
Unknown
WATCH
WATCH
Altagas Ltd (ALA-T)
December 7, 2018
They are paying too much in a dividend – twice what they are earning. It is trading at 40% of book value, which is cheap. If the earnings forecast of $1.09 per share comes through next year, it is really cheap today and could bounce back to $21.
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Altagas Ltd (ALA-T)
December 7, 2018
They are paying too much in a dividend – twice what they are earning. It is trading at 40% of book value, which is cheap. If the earnings forecast of $1.09 per share comes through next year, it is really cheap today and could bounce back to $21.
oil/gas
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Ross Healy

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Price
$14.120
Owned
No
DON'T BUY
DON'T BUY
Altagas Ltd (ALA-T)
December 4, 2018
The dividend isn't sustainable, now at 15%. The market has already priced in a dividend cut. He sold his shares in 2016. They blew their brains out on the WGL purchase, then the CEO left. Tax-loss selling is kicking in. But don't sell it now. A new CEO starts at Dec. 13 who may cut the dividend, and ALA may benefit from the January effect. But long-term, don't own this.
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Altagas Ltd (ALA-T)
December 4, 2018
The dividend isn't sustainable, now at 15%. The market has already priced in a dividend cut. He sold his shares in 2016. They blew their brains out on the WGL purchase, then the CEO left. Tax-loss selling is kicking in. But don't sell it now. A new CEO starts at Dec. 13 who may cut the dividend, and ALA may benefit from the January effect. But long-term, don't own this.
oil/gas
0 Comments
Brian Madden

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Price
$14.300
Owned
No
DON'T BUY
DON'T BUY
Altagas Ltd (ALA-T)
December 3, 2018
It is a tough call at this stage. They made a pretty bad acquisition in California that is really taking them down. There are better opportunities out there. He prefers KEY-T.
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Altagas Ltd (ALA-T)
December 3, 2018
It is a tough call at this stage. They made a pretty bad acquisition in California that is really taking them down. There are better opportunities out there. He prefers KEY-T.
oil/gas
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Stephen Takacsy, B. Eng, MBA

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Price
$14.720
Owned
Unknown
DON'T BUY
DON'T BUY
Altagas Ltd (ALA-T)
November 28, 2018
Dividend is over 15% now; it keeps rising because the stock keeps falling. He's short it. It's getting to the point where it's a dangerous short, because it's fallen so fast. It scores at the botom of valuation and price momentum. Balance sheet is okay. Aside from shorting, he wouldn't buy it. He wants to see the trend turn up to buy it; and he wants to see improving earnings.
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Altagas Ltd (ALA-T)
November 28, 2018
Dividend is over 15% now; it keeps rising because the stock keeps falling. He's short it. It's getting to the point where it's a dangerous short, because it's fallen so fast. It scores at the botom of valuation and price momentum. Balance sheet is okay. Aside from shorting, he wouldn't buy it. He wants to see the trend turn up to buy it; and he wants to see improving earnings.
oil/gas
0 Comments
Jason Mann

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Price
$14.000
Owned
Yes
DON'T BUY
DON'T BUY
Altagas Ltd (ALA-T)
November 28, 2018
The integration of WGL and concerns over funding costs were overshadowed by a weak quarterly earnings report. They sold out at $18.25. They own good quality assets, but financing costs and concerns over higher interest rates is casting doubt out the dividend being maintained. Their risk management would not allow them to enter into this.
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Altagas Ltd (ALA-T)
November 28, 2018
The integration of WGL and concerns over funding costs were overshadowed by a weak quarterly earnings report. They sold out at $18.25. They own good quality assets, but financing costs and concerns over higher interest rates is casting doubt out the dividend being maintained. Their risk management would not allow them to enter into this.
oil/gas
0 Comments
Bryden Teich

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Price
$14.000
Owned
No
COMMENT
COMMENT
Altagas Ltd (ALA-T)
November 26, 2018
He bought the spin-off, Altagas Canada, recently, not this; it has a better balance sheet and growth. For ALA, the worry has been over the WGL acqusition and they massively levered to buy it. The spin-off is helping to ease debt. It'll take time to assimilate WGL. Yes, there's tax-loss selling going on now. He wouldn't sell it now, but expect a dividend cut. Look at the spin-off instead.
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Altagas Ltd (ALA-T)
November 26, 2018
He bought the spin-off, Altagas Canada, recently, not this; it has a better balance sheet and growth. For ALA, the worry has been over the WGL acqusition and they massively levered to buy it. The spin-off is helping to ease debt. It'll take time to assimilate WGL. Yes, there's tax-loss selling going on now. He wouldn't sell it now, but expect a dividend cut. Look at the spin-off instead.
oil/gas
0 Comments
John Zechner

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Price
$14.600
Owned
No
SELL
SELL
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.
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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.
oil/gas
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Matt Kacur

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Price
$14.600
Owned
No
PAST TOP PICK
PAST TOP PICK
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.
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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.
oil/gas
0 Comments
Paul Gardner, CFA

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Price
$15.980
Owned
No
BUY
BUY
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)
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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)
oil/gas
0 Comments
Elliott Fishman

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Price
$15.750
Owned
Unknown
DON'T BUY
DON'T BUY
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.
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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.
oil/gas
0 Comments
Rob Tetrault

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Price
$15.750
Owned
No
COMMENT
COMMENT
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.
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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.
oil/gas
0 Comments
Rick Stuchberry

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Price
$16.050
Owned
Unknown
WATCH
WATCH
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.
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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.
oil/gas
0 Comments
Jeff Parent B. Eng. FCSI CIM

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Price
$15.040
Owned
Unknown
STRONG BUY
STRONG BUY
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.
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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.
oil/gas
0 Comments
Ross Healy

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Price
$15.040
Owned
Unknown
DON'T BUY
DON'T BUY
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.
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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.
oil/gas
0 Comments
David Driscoll

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Price
$15.270
Owned
Unknown
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