RE:RE:Well, it sure is weak...Hi Sarge,
It's going well thanks. I am not completely out of ALA yet. If the chearleaders manage to pump it to the $27 range I will flush half my remaining holdings. The remaining position won't large enough to do much damage if they screw up again. Crawford has done a fair job but it has created a new ALA out of a garage sale of heirlooms. I continue to believe that ALA was forced to sell its best assets to help pay for the Harris/Cornhole WGL debacle. I did well by taking what was left of my ALA "investment" and spreading it into Banks, LifeCos, SplitCos and better Utilities like CPX.
The new pressure (BoD and funds) on Crawford will be to "grow" the company now that it has been stabilised and analysts are slowly coming out of the woodwork and looking at it. We all are keenly aware of the risk that endeavour brings.
I have no issue with AQN, and will continue to add when it is weak for the reasons you accurately stated below. Markets are more psychotic right now than they normally are and the beat-down of AQN was purely guilt by association and renewable over-exuberance after Biden won in the US.
As for ALA, midstreamers and NG producers, I think the next focus of the green zealots will be fugitive emissions. NG is still the greenest fossil fuel by far but flaring, direct venting to the atmosphere and leaks will be under increasing scrutiny. This will add to costs across the board and all associated companies, ALA included, will be affected. It is a situation that needs to be monitored closely lest it carve a gaping hole in our portfolios.
Cheers,
BSD
SargeX wrote: Hey BS
How she go? Are you out of ALA yet? It sure has had some kind of bounceback. I guess I was wrong about Crawford as he's done a masterful job. Oh well, win some, lose some. At least CPX (where I put the ALA dough) has done almost as well (+40% vs +47%). It just would have been nice to have had both. :-)
Of my wife & my 22 holdings, I rate AQN as the #1 buy at this price. It does get lumped in with the pure renewables but I think it's acutally 70% regulated and only 30% renewables. I'm expecting it to hit at least $21 before year end.
As an aside, we only have one other holding (NPI) that I would consider a buy. Everything else is either fairly priced or over-priced although before year end, I do expect some more upside to the midstreamers and maybe the banks if they do big divy increases.
Take her easy
Sarge
BSdetector2016 wrote: Not sure if I want to buy more. Then again, the euphoria around renewables dissipated early in the year and they are only now starting to recover. A good air-conditioning season should help.