Altagas Ltd (ALA.TO)

A really good business, but feels it has been unfairly put in the penalty box. Two thirds of their business is utilities, gas distribution and power production. They also have the gas processing side of their business. With this, you are buying a cheap utility that is getting put in the penalty box because of one 3^rd of their business. Valuation is reasonable and the dividend is very safe.

Likes the stock because it has excellent management, pays a good dividend, and is a way to have a piece of the energy side without taking too much risk. They have now got into a potential export of propane. 6.5% dividend yield.

Dividend growth is not what it was over the last few years. You are buying it as a bond proxy, rather than a dividend growth stock going forward. The dividend is okay, but there are better names in the utilities. H-T, for example.

The key is the cash flow they generate, which covers the dividend. He views the dividend as safe. Get about 50% of their EBITDA from the US. There is some concern over their volumes from their legacy natural gas plants, but they have diversified from this into hydroelectric projects in BC. He would add to his holdings under $30.

Very well-managed, and unfairly treated. About 2/3 of their business, gas distribution and power is more stable than people give them credit for. Their midstream business is a little more volatile. Dividend yield of 6.2%.

Likes this a lot. It is unfortunate they cancelled their Douglas Channel project. Also, have to face some of the headwinds of the Alberta government in terms of coal plant retirement, etc. by 2030. However, their positioning in the Canadian midstream and infrastructure play makes them an appealing long term hold.

A midstream energy player. Currently walking away from an LNG project, which is hopefully a good thing. Where the big companies can’t get their pipelines built, this company can go into bite-size projects, and redeploy their capital. An energy infrastructure in Western Canada that can go into the US. 6% dividend yield.

A reasonable pick for dividends? Held a little of this in portfolios, but it was really based on the possibility of gas exports and LNG. That seems to be fading into the background, because Australians have opened up some big fields, and the price of an LNG has fallen on big international markets by about 50%. Also, questions if the pipeline gets built to Tidewater in the Pacific. Dividend yield of 6% is maybe a little open to question.

(Top Pick Jan 16/15, Down 16.01%) He was adding in January. It was too oversold. He still likes it long term. Lots of revenue from regulated utilities.

Just announced they have halted work on their LNG developments in the Prince Rupert area. They do have potential to export gas internationally through the US, which they are already doing. Doesn’t expect they will cut their dividend because of this. Still feels it is good value. Wait a while to see what else emerges before adding to your position. Dividend yield of 6.1%.

This is doing quite well in this environment. Has been able to grow its EBITDA this year. One of the lowest payout ratio companies in its universe. This presents an opportunity for people that are looking for a safe yield. The 6.5% dividend is absolutely safe.

They have more and more operations trying to ship LNG out of the West Coast of the US. Nothing wrong with the company. This has been lumped in with the energy sector, so seems to have been hurt by that comparison. Have long “take or pay” contracts, so the operations are very stable. Prefers Inter Pipeline (IPL-T). Great yield of 6.25%.

Valuation is beginning to look fairly reasonable. Just announced they are going to sell their non-core natural gas and processing assets to Tidewater (TDW-N), and going to end up owning almost 20% of that company. It looks like management has been taking strides to enhance the productivity of the assets that they have. Dividend seems to be very well covered from available funds of operations. Looks like a reasonably good company to own.

They are a little step away from energy being a utility rather than a producer. Feels LNG is going to be one place where there is going to be some success. Suspects this stock has pretty much hit bottom here. A good, long term prospect. Good operators. 6% dividend yield, and doesn’t think there is any chance it is going to be cut.

An energy infrastructure company. Get a lot of revenue and EBITDA from utilities, midstream and contracted power. 50% of EBITDA comes from the US. Recently announced they are going to try and sign an agreement with the Prince Rupert Port Authority to export propane. They are already doing this from Washington State. Has the only natural gas pipeline to the BC coast, and this is not getting properly reflected in the market. Has gotten beaten up a lot from lower commodity prices, but they have less than 1% exposure to commodities. Great valuation. Looking for steady dividend increases after 2016. Dividend yield of 6.42%.