Altagas Ltd

ALA-T

TSE:ALA

19.95
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
WATCH
WATCH
June 28, 2018

They have an export terminal for propane in BC. Alberta is awash in propane. They are building this export facility. He used to own this. WGL Holdings should close any day and improves their metrics considerably. The burden of proof is on them. This is not that synergistic an acquisition.

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Altagas Ltd (ALA-T)
June 28, 2018

They have an export terminal for propane in BC. Alberta is awash in propane. They are building this export facility. He used to own this. WGL Holdings should close any day and improves their metrics considerably. The burden of proof is on them. This is not that synergistic an acquisition.

DON'T BUY
DON'T BUY
June 26, 2018

He would not touch this stock. The high yield is deceptive. It pays out more than it earns and so the balance sheet is deteriorating by 5% per year. His model price is 13% lower than yesterday’s closing price.

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Altagas Ltd (ALA-T)
June 26, 2018

He would not touch this stock. The high yield is deceptive. It pays out more than it earns and so the balance sheet is deteriorating by 5% per year. His model price is 13% lower than yesterday’s closing price.

COMMENT
COMMENT
June 22, 2018

Is the dividend safe? Safe-ish. Better things are happening. If the US acquisition goes through it is going to be an OK story.

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Altagas Ltd (ALA-T)
June 22, 2018

Is the dividend safe? Safe-ish. Better things are happening. If the US acquisition goes through it is going to be an OK story.

BUY
BUY
June 22, 2018

IPL vs ALA - He likes them both. There's upside in IPL. ALA pays a good dividend of around 8% and its prices has come down nicely so it's a good time to step in. If things turn around in Alberta, ALA will benefit with a nice move and institutional money will move in.

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Altagas Ltd (ALA-T)
June 22, 2018

IPL vs ALA - He likes them both. There's upside in IPL. ALA pays a good dividend of around 8% and its prices has come down nicely so it's a good time to step in. If things turn around in Alberta, ALA will benefit with a nice move and institutional money will move in.

DON'T BUY
DON'T BUY
June 20, 2018

Many ask him about this stock. He sold his shares recently. Altagas sold its crown jewel asset in BC and replaced it with a lower-case one, which they're now pushing for closure. Their free cash flow isn't impressive. This could grind higher to $28. They will likely sell more assets and borrow more to complete their WGL acquisition.

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Altagas Ltd (ALA-T)
June 20, 2018

Many ask him about this stock. He sold his shares recently. Altagas sold its crown jewel asset in BC and replaced it with a lower-case one, which they're now pushing for closure. Their free cash flow isn't impressive. This could grind higher to $28. They will likely sell more assets and borrow more to complete their WGL acquisition.

TOP PICK
TOP PICK
June 15, 2018

Name has been hurt, but think it’s getting its legs. Bottomed out around $22.75, now a nice trend. Resistance around $26.40 and also $30. Sold recent hydro assets for a pretty penny, plus WGL will be a catalyst when it closes. Good risk reward. Really good dividend, expect a bit of volatility ahead. Interest rates really screaming up will hurt it, but probably won't happen. Will probably need to do a secondary financing, which will depress the stock. Going forward, as a yield-focus, you’ll be pretty happy. Has been doing a DRIP. (Analysts’ price target is $28.48.)

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Altagas Ltd (ALA-T)
June 15, 2018

Name has been hurt, but think it’s getting its legs. Bottomed out around $22.75, now a nice trend. Resistance around $26.40 and also $30. Sold recent hydro assets for a pretty penny, plus WGL will be a catalyst when it closes. Good risk reward. Really good dividend, expect a bit of volatility ahead. Interest rates really screaming up will hurt it, but probably won't happen. Will probably need to do a secondary financing, which will depress the stock. Going forward, as a yield-focus, you’ll be pretty happy. Has been doing a DRIP. (Analysts’ price target is $28.48.)

HOLD
HOLD
June 11, 2018

He used to own it for a long time. Pays a 8.8.% dividend when yield stocks are finding pressure. If you own it, hold it. But don't chase the high yield. A high-yield stuck can be cut (and then sometimes the stock price rises)--and ALA's may or may not be sustainable. He doesn't know.

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Altagas Ltd (ALA-T)
June 11, 2018

He used to own it for a long time. Pays a 8.8.% dividend when yield stocks are finding pressure. If you own it, hold it. But don't chase the high yield. A high-yield stuck can be cut (and then sometimes the stock price rises)--and ALA's may or may not be sustainable. He doesn't know.

DON'T BUY
DON'T BUY
June 8, 2018

The yield is relatively safe. High dividend at 8.76%. The big overhang is that they’re waiting for approval on their recent acquisition. Need to sell assets to fund this transaction, plus interest rate sensitivity, has contributed to the pullback. Prefers other names in terms of cash flow growth. (Analysts’ price target is about $28.)

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Altagas Ltd (ALA-T)
June 8, 2018

The yield is relatively safe. High dividend at 8.76%. The big overhang is that they’re waiting for approval on their recent acquisition. Need to sell assets to fund this transaction, plus interest rate sensitivity, has contributed to the pullback. Prefers other names in terms of cash flow growth. (Analysts’ price target is about $28.)

DON'T BUY
DON'T BUY
June 5, 2018

He doesn't follow this. Its down channel is not doing well. Natural gas is performing well, but Altagas has not. He doesn't recommend this.

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Altagas Ltd (ALA-T)
June 5, 2018

He doesn't follow this. Its down channel is not doing well. Natural gas is performing well, but Altagas has not. He doesn't recommend this.

DON'T BUY
DON'T BUY
May 28, 2018

It has a utility type business. It has the highest debt level amongst its peer group. You don’t want to own this one.

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Altagas Ltd (ALA-T)
May 28, 2018

It has a utility type business. It has the highest debt level amongst its peer group. You don’t want to own this one.

DON'T BUY
DON'T BUY
May 28, 2018

It's trading at a 6-year-low, though it's showing good fundamental value. These are capital-rich projects they're involved in, so the ROE is very low, in this case 3%. You buy this for the dividend, which he thinks is safe. Continue to hold it. He's not a fan of interest-sensitive stocks, so no pipelines or utilities.

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Altagas Ltd (ALA-T)
May 28, 2018

It's trading at a 6-year-low, though it's showing good fundamental value. These are capital-rich projects they're involved in, so the ROE is very low, in this case 3%. You buy this for the dividend, which he thinks is safe. Continue to hold it. He's not a fan of interest-sensitive stocks, so no pipelines or utilities.

DON'T BUY
DON'T BUY
May 17, 2018

The Dividend quality scores seems average. Bloated working capital. Weaker in its group.

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Altagas Ltd (ALA-T)
May 17, 2018

The Dividend quality scores seems average. Bloated working capital. Weaker in its group.

DON'T BUY
DON'T BUY
May 16, 2018

He used to own it, selling it in fall 2016 before their huge WGL purchase. He was--and remains--concerned with their high valuation. They also carry high debt and are on credit watch after the WGL acquisition. There are safer options out there.

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Altagas Ltd (ALA-T)
May 16, 2018

He used to own it, selling it in fall 2016 before their huge WGL purchase. He was--and remains--concerned with their high valuation. They also carry high debt and are on credit watch after the WGL acquisition. There are safer options out there.

HOLD
HOLD
May 11, 2018

Dividend yield of 8.5%. They sold it in January. They took on a lot of debt to fund some recent acquisitions. The rating agencies have it on a negative watch because of this. They are trying to do private equity in public markets and they hit a window where funding is a little tight. He thinks the dividend is still safe.

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Altagas Ltd (ALA-T)
May 11, 2018

Dividend yield of 8.5%. They sold it in January. They took on a lot of debt to fund some recent acquisitions. The rating agencies have it on a negative watch because of this. They are trying to do private equity in public markets and they hit a window where funding is a little tight. He thinks the dividend is still safe.

COMMENT
COMMENT
May 10, 2018

How safe the dividend is? Dividends are never safe in the energy space. Dividends are the first thing to go if things don’t work out. Currently the stock is OK but that is the first thing he would look at. An energy stock and also a news driven stock here.

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Altagas Ltd (ALA-T)
May 10, 2018

How safe the dividend is? Dividends are never safe in the energy space. Dividends are the first thing to go if things don’t work out. Currently the stock is OK but that is the first thing he would look at. An energy stock and also a news driven stock here.

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