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AltaGas Ltd (ALA.R-T) opinion on 2017-03-16

Last Price Recorded: 29.0100 on 2017-11-17

ON STOCKCHASE SINCE Mar 2017

Energy
TOP PICK

Zachary Curry
AltaGas Ltd was $29.740 at time of opinion
Owned : Yes

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%.

UNKNOWN

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