AltaGas Ltd | StockChase
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AltaGas Ltd (ALA.R-T)

Last Price Recorded: $29.4000 on 2017-11-23

ON STOCKCHASE SINCE Mar 2017

"Subscription receipts"


AltaGas Ltd


Signal Opinion Expert

2017-08-23

COMMENT
AltaGas Ltd (ALA.R-T)

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.

Energy
Douglas Kee

Chief Investment Officer, Leon Frazer & Associates

Price: $28.190
Owned: Unknown

2017-03-20

COMMENT
AltaGas Ltd (ALA.R-T)

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
Jim Huang

President, T.I.P. Wealth Management

Price: $29.950
Owned: Unknown

2017-03-16

TOP PICK
AltaGas Ltd (ALA.R-T)

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
Zachary Curry

Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.

Price: $29.740
Owned: Yes

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