AltaGas Ltd T.ALA

X Day TODAY MAY 22nd

[TimeBuilder]

Pay date June 15th @ .04 cents monthly Current Yield = 6.24 %

[TimeBuilder]

CORRECTION   @ .08 cents monthly 

[JohnSP]

Thanks for reminder, makes my day happier to see those tax efficient Divvy's coming through! ALA.TO is currently up $0.02 plus divvy of $0.08 = $0.10 or 0.65%, a good day. Also ex-Div day for IPL.TO's monthly div of $0.04, but SP currently flat. Double happiness!

[bossu]

Hey JohnHP, It does not get much for you to be Happy ! ;) Bank are releasing their report next week and their profit could comme down 36 %over all. At the moment BNS have a yield of 7,0 % while ALA just...6,23 % Coming back at the Bank ,they should increased their reserves for bad loan...On a down day it might be a good bet or may be Banks are down because of bad loan thy have already taken !

[Opelcadet]

yeah i would pick any big 6 CAD bank over this puke smell ANYDAY

[Plus50]

OK head over to one or all of them. They are down 30% Maybe now is a good time to buy them and leave this puke smell behind

[JohnSP]

@bossu, thanks for the reminder, forgot their quarters are out of sync with most other companies, I have no banks as stayed clear (good in hindsite) for the last year. My little table of big 5, their % below their SP 52 week high, div yield, and their Q2 earnings release dates. RY -25% 5.3% May 27 B4 Bell TD -29

[bossu]

Somes notes on Banks/Pipelines/Utilities The banks are a key example here as their fiscal second-quarter reporting season kicks off next week. Analysts are expecting sharply lower profits and a spike in the number of bad loans. As well, dividend hikes are off the table. Telecom companies have been dealing with struggling business customers. REITs face the prospect of unpaid rents from some

[Capharnaum]

Being in the industry, reduced power consumption on the natural gas side isn't too much of a concern. Decoupling plus rates mechanism make it so that in scenarios where consumption goes down by 10% (which is kinda a "worst" scenario at the moment), its effect on net earnings is less than 3%. It's the same on midstream, as the capacity is already contracted, so only interruptible

[leo101]

good old ala is healthy enough to get through this mess but it'll follow the market down if there's a big wash out.  the question is; if biden wins, will he declare war on all fossil fuels?  i could easily see biden pressuring the utility commisions to hammer all fossil fuel energy and cozy up to wind/solar etc.

[TJPatrol1]

[Sadie222]

Dems are anti-oil, mostly. The big issue with gas is methane release and fracking. Q2 and Q3 are the bad quarters for WGL, so that’ll probably limit upside here for a while.

[newcoin]

So, do we all agree that ALA should be sold and BMO/BNS should be purchased? Would you rather hold a CDN bank long term or ALA? I'm confused, tough choice.

[Capharnaum]

Why hold one or the other? Why not hold both? Personnally, I prefer ALA to the CDN banks. Why? 1. Lower risk in the short/med term... its utilities will perform even in a downturn while the banks will struggle and might have to issue prefs. 2. Cashflow payout of ALA is lower than CDN Banks pre-COVID. ALA's payout of 30-35% is favourable to BNS and CM's which are closer to 55%. Principal

[Plus50]

I agree own both but i believe in short term ALA should do better. We all own the banks in pensions and such just not individually. (those with pensions). Next week will be an interesting week for the banks for sure. Next week may offer a good buying op for them.

[bossu]

Not a suggestion to sell but just to show that  someone could have a better yield in the banking sector where BNS has a huge 7,1 yield . Should we have a 5 % drop in BNS in the coming months would bring the share price at $ 46,10 for a yield of 7,8 %. Just say that the banking sector ''might''be interesting depending on the Corvid 19 issue and what is going to happen in the

[bossu]

Bank of Nova Scotia saw quarterly earnings plunge 41 per cent after setting aside a record amount for loan losses, giving investors the first indication of how the coronavirus pandemic will affect fiscal second-quarter earnings at Canadian banks. Scotiabank set aside $1.85 billion for soured loans, less than analysts expected. Canada’s six biggest banks are expected to set aside $8.9 billion for

[JohnFriesen]

This post has been removed in accordance with Community Policy

[SargeX]

I don't think it needs to be an either or as my wife and I ouwn ALA as well as BMO, BNS, RY, and TD. If a person is in a position of either or, then I definitely agree that the banks are yonks better. Having said that, I'd wait until after the earnings announcements this week as I expect to see some panic selling on the banks. Friday might just be the day to buy. As an aside, besides the

[Teccing]

Just a thought, why wait until $18, if you think what you might be buying next will move up more than ala. Or is it sector rotation that interests you more. I myself have been putting new money to work in tech, and bio tech., will continue to hold my other positions.

[SargeX]

Hey Tec Nice to hear from you. How's things on the Island these days? That's a good point on why wait. What I actually did was buy TRP now with some extra cash and will replace that cash when I sell more of ALA. The end result will be a swap of some dough from ALA to TRP. I will also keep some ALA as well even after this next trim to sort of hedge my bets a bit in case ALA miraculously

[JohnFriesen]

This post has been removed in accordance with Community Policy

[Teccing]

You can never go wrong with trp. I'm thankful for the Island, during coved, the only time I'm aware of it, is when I go shopping. All my best.

[newcoin]

I really hope ALA goes to $20. Not only will I be rich but some unpleasant posters will sell and move on.

[Opelcadet]

c'mon newcon, make this puke go green. Pump it up.

[leo101]

i'm already over weight in banks but if i wasn't it would be a good idea.  down markets are when you can rebalance without a big capital gains tax for jusin.  take look at hxf, mostly  all banks and tax efficient.  it's no good if you want divs because it's a total return etf. hxt is my favorite.