AltaGas Ltd

ALA.R-T

Analysis and Opinions about ALA.R-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
April 4, 2019
(A Top Pick Apr 11/18, Down 18%) Receipts. The stock dropped a long way. The receipt said that if the deal did not happen, you got your money back and if it did you got converted into stock. They are in the process of restructuring. He got stopped out of this position.
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AltaGas Ltd (ALA.R-T)
April 4, 2019
(A Top Pick Apr 11/18, Down 18%) Receipts. The stock dropped a long way. The receipt said that if the deal did not happen, you got your money back and if it did you got converted into stock. They are in the process of restructuring. He got stopped out of this position.
BUY
BUY
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.

TOP PICK
TOP PICK
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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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.

PAST TOP PICK
PAST TOP PICK
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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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.

COMMENT
COMMENT
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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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.

COMMENT
COMMENT
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.

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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.

TOP PICK
TOP PICK
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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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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AltaGas Ltd(ALA.R-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for AltaGas Ltd is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

AltaGas Ltd(ALA.R-T) Frequently Asked Questions

What is AltaGas Ltd stock symbol?

AltaGas Ltd is a OTC stock, trading under the symbol ALA.R-T on the (). It is usually referred to as or ALA.R-T

Is AltaGas Ltd a buy or a sell?

In the last year, there was no coverage of AltaGas Ltd published on Stockchase.

Is AltaGas Ltd a good investment or a top pick?

AltaGas Ltd was recommended as a Top Pick by Bruce Campbell (2) on 2019-04-04. Read the latest stock experts ratings for AltaGas Ltd.

Why is AltaGas Ltd stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is AltaGas Ltd worth watching?

0 stock analyst on Stockchase covered AltaGas Ltd In the last year. It is a trending stock that is worth watching.

What is AltaGas Ltd stock price?

On , AltaGas Ltd (ALA.R-T) stock closed at a price of $.