AltaGas Ltd (ALA.R-T) Stock Predictions - Stockchase
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AltaGas Ltd (ALA.R-T)

ON STOCKCHASE SINCE Mar 2017

"Subscription receipts"

Energy

AltaGas Ltd

ALA.R-T

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AltaGas Ltd (ALA.R-T) SAVE Dec, 31, 1969, 7:00 pm

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What the experts are saying about ALA.R-T



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BUY
AltaGas Ltd(ALA.R-T) 

June 5, 2018

(A Top Pick May 24, 2017. Down 10%). This is a complex story because these were issued contingent on the US takeover. If the deal, which is now scheduled to complete in September,  does not go through, the subscribers get their $31 back. In the interim, stockholders get paid a dividend of about 8%. When the acquisition closes, it will generate a lot of new cash flow. He thinks this is a better place to be than the underlying company.

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(A Top Pick May 24, 2017. Down 10%). This is a complex story because these were issued contingent on the US takeover. If the deal, which is now scheduled to complete in September,  does not go through, the subscribers get their $31 back. In the interim, stockholders get paid a dividend of about 8%. When the acquisition closes, it will generate a lot of new cash flow. He thinks this is a better place to be than the underlying company.

Energy
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Zachary Curry

Chief Oper, Davis-Rea Ltd....

Price Price
$25.100
Owned Owned
Yes

TOP PICK
AltaGas Ltd(ALA.R-T) 

April 11, 2018

They issued them at $31 for the WGL deal in the U.S. If the WGL deal fails, you collect the dividend and receive your $31 back. If the deals does pass, there'll be a lot of upside with AltaGas. ALA say they have their financing ready, but will need to seel assets. We should hear later this year if WGL gets final regulatory approval.

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They issued them at $31 for the WGL deal in the U.S. If the WGL deal fails, you collect the dividend and receive your $31 back. If the deals does pass, there'll be a lot of upside with AltaGas. ALA say they have their financing ready, but will need to seel assets. We should hear later this year if WGL gets final regulatory approval.

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Bruce Campbell

President , Stone Castle Investm...

Price Price
$25.860
Owned Owned
Yes

PAST TOP PICK
AltaGas Ltd(ALA.R-T) 

February 14, 2018

(A Top Pick Mar. 16/17, Down 6%) These were issued when they announced a big Washington DC utility acquisition at $31. If the deal does not happen, you get your $31 back. If the deal goes through, the receipts turn into common shares, so you get your money back and get the 8% dividend. The deal should close this September. They historically increase their dividend, but likely won't raise it until the deal happens, because they need the money now. 

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(A Top Pick Mar. 16/17, Down 6%) These were issued when they announced a big Washington DC utility acquisition at $31. If the deal does not happen, you get your $31 back. If the deal goes through, the receipts turn into common shares, so you get your money back and get the 8% dividend. The deal should close this September. They historically increase their dividend, but likely won't raise it until the deal happens, because they need the money now. 

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Zachary Curry

Chief Oper, Davis-Rea Ltd....

Price Price
$26.270
Owned Owned
Yes

COMMENT
AltaGas Ltd(ALA.R-T) 

August 23, 2017

ALA-T is buying a US utility company and issued an installment receipt.  It pays stocks if the deal closes otherwise you get your money back and a dividend along the way.

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ALA-T is buying a US utility company and issued an installment receipt.  It pays stocks if the deal closes otherwise you get your money back and a dividend along the way.

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Douglas Kee

Chief Inve, Leon Frazer & Associ...

Price Price
$28.190
Owned Owned
Unknown

COMMENT
AltaGas Ltd(ALA.R-T) 

March 20, 2017

If you like Altagas, then clearly you want to own the subscription receipts. It trades at a discount, but you get the same dividend. The receipts are issued for the purpose of finalizing the acquisition of WGL Holdings, a utility company in the US. If it does not get regulatory approval, the money gets returned to you. He doesn’t see anything to lose. It’s a good acquisition for them. If you have a medium to long term time horizon, this should perform well for you.

Energy
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If you like Altagas, then clearly you want to own the subscription receipts. It trades at a discount, but you get the same dividend. The receipts are issued for the purpose of finalizing the acquisition of WGL Holdings, a utility company in the US. If it does not get regulatory approval, the money gets returned to you. He doesn’t see anything to lose. It’s a good acquisition for them. If you have a medium to long term time horizon, this should perform well for you.

Energy
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Jim Huang

President, T.I.P. Wealth Manage...

Price Price
$29.950
Owned Owned
Unknown

TOP PICK
AltaGas Ltd(ALA.R-T) 

March 16, 2017

The company has just issued these Subscription Receipts for stocks, for a US acquisition they plan to do that should close in the 2nd quarter of 2018. There are a few worries where they have a big chunk of debt and some worries on the utility side. In his view, the debt levels will go down. If the deal doesn’t go through, the subscription receipt holders get their money back. This is trading at about $1 less then the common shares. Dividend yield of 7.1%.

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The company has just issued these Subscription Receipts for stocks, for a US acquisition they plan to do that should close in the 2nd quarter of 2018. There are a few worries where they have a big chunk of debt and some worries on the utility side. In his view, the debt levels will go down. If the deal doesn’t go through, the subscription receipt holders get their money back. This is trading at about $1 less then the common shares. Dividend yield of 7.1%.

Energy
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Zachary Curry

Chief Oper, Davis-Rea Ltd....

Price Price
$29.740
Owned Owned
Yes

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