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Altagas Ltd (ALA-T) opinion on 2017-09-13

Last Price Recorded: 29.1600 on 2017-11-20

ON STOCKCHASE SINCE Feb 2001

oil/gas
TOP PICK

Paul Gardner, CFA
Altagas Ltd was $27.590 at time of opinion
Owned : Yes

Incredibly cheap, and mispriced. The market doesn’t like that they made a transformational acquisition of WGL, the US utility. It is going to have to go through a year’s worth of regulatory reviews, but it will double their earnings, and effectively their yields and dividends will increase in about a year’s time. They beat numbers last quarter. Dividend yield of 7.6%. (Analysts’ price target is $33.)

UNKNOWN

All opinions for ALA-T (355)

80 BUY
12 BUY on WEAKNESS
72 COMMENT
29 DON'T BUY
29 HOLD
3 PARTIAL BUY
41 PAST TOP PICK
4 SELL
1 SPECULATIVE BUY
1 STRONG BUY
70 TOP PICK
6 WAIT
2 WATCH
5 WEAK BUY
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All opinions for ALA-T (355)

80 BUY
12 BUY on WEAKNESS
72 COMMENT
29 DON'T BUY
29 HOLD
3 PARTIAL BUY
41 PAST TOP PICK
4 SELL
1 SPECULATIVE BUY
1 STRONG BUY
70 TOP PICK
6 WAIT
2 WATCH
5 WEAK BUY
View All

More experts covering ALA-T

SAVE
Add ALA-T to Watch List
Post Comment

1 Comment

barney11

September 25th 2017 at 10:14am

I held this stock for many years up to the WGL offer. The very deep dive review presented on Seeking Alpha states " it appears that Altagas overpaid by around $3.78 billion CAD. for WGL. When deducting this overpayment from the combined equity value, it leads us to assess the fair value of Altagas shares at $18.25 CAD."
I you believe Gardner's comment is based on a detailed serious analyses I know where you can buy a cheap bridge. Only consider the subscription if you must buy in.


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