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TSE:ALA

Altagas Ltd (ALA.TO)

53.87
+0.55 (1.03%)
as of Jun 19, 2026, 8:00:00 pm Market Open.
576 watching
0
BUY ON WEAKNESS
Reasonable buy. Good yield. Probably $2 billion of growth projects over the next 5 years. Will probably trim distributions a little when they convert but won't be a huge slashing, maybe 15%-20%. That could be a good buying opportunity.
TOP PICK
6.94% bond maturing June 29/16. 6.3% yield. Holding the bond until maturity would not be a problem. Likes the energy space and feels gas is undervalued. Good cash flow and they don't have to issue a lot of debt. If he saw 150 basis point move in the next year or two he might look at lightening up.
SELL
Planning on converting to a corp at the beginning of the 2nd half of 2010 and looking at going from 90% payout to 40%-50%. If this happens, the dividend won't be safe. Not thrilled with the business model.
BUY
Looking quite attractive. Likes midstream infrastructure space. Has been penalized. Some exposure to field processing/gathering, which has been soft this year. Some catalysts are coming up that bode well. 11.5% yield.
SELL
(Market Call Minute.) There is a good chance there could be an equity issue and they will be cutting their distribution.
DON'T BUY
Little too much debt and got punished by the market. As they go back into a corporate entity, will the market care? He is very nervous about why the market values it as it does. It could sink down.
DON'T BUY
Energy infrastructure company. There are others he prefers better. 12% distribution is suspect.
BUY
Managed fairly conservatively. 60% of the business is gathering and midstream and midstream has been very profitable. Relatively safe. Management has indicated they will be paying a dividend of about the same level after they convert to a corp.
TOP PICK
Natural gas distributor and service company. Cash flow is not weighted towards gas price although down the road it could be weighted towards gas production volume. Almost 13% distribution could be slightly vulnerable if gas volumes drop off a lot.
BUY
In the infrastructure area, midstream area, which does not avoid some of the commodity risks out there. Revolves around infrastructure and producing electricity. Good distribution.
HOLD
Doesn't see it going much higher from here but you get paid to hold it.
BUY
(Market Call Minute.) Energy infrastructure trusts. Will convert to a Corp. in 2011.
BUY
Their business is pretty diversified. They are making a spread between the price of oil and the price of gas. A stable business. Thinks the distribution is safe.
HOLD
(Market Call Minute.) Power and natural gas liquids are weak and the frac spreads are thin. Long-term it is a very well run company.
BUY
(Market Call Minute) 50% exposure to power/50% exposure to gas.
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