Algonquin Power & Utilities Corp T.AQN

Other utilities at risk?

[Karl63]

I wonder if Algonquin is an isolated case, or if there are other utilities similarly at risk that we're not aware of yet?  I own AQN, but also FTS, EMA, BIP.UN, CU and the infamous ALA which I just bought recently.  I also have some of the renewables including RNW and BEP.UN.

Generally I feel better with larger cap companies, yet find I have an unusally large position in CU, a smaller utility, not sure why.  I imagine many own much the same things, any concerns?

[SargeX]

Hey Karl I really think most of this is isolated. AQN already had a lot of debt and then went and over-paid for a bad asset in KPC, then issued a bunch of shares to compound the problem. First off for self-disclosure,, we own a full position of AQN, CPX, EMA, and FTS. We used to own a full position of ALA, NPI, BEP.UN, and BIP.UN. We owned a bit of RNW for a short period but bailed quickly as I

[BSdetector2016]

I think that this is poorly managed debt situation which, when you look under AQN's sheets, also includes a lot of variable debt. Then add to all that a bad acquisition (Kentucky Smoke Belch). If you look at all the WCSB oil players, the ones that came out on top were the companies with discipline that didn't try to grow at all costs and pile on mega-debt. I would bet money that Banskota

[Karl63]

Sarge - what a great post!  Thanks for your reflections. I agree, I think of Fortis as the strongest of the bunch.  Emera has been attractive to me lately, seeming underpriced relative to Fortis and Canadian Utilities.  I'm overweight CU, so I thought of selling some today and buying more Emera, wouldn't be a bad move.  You say CU never seemed right to you . . . how

[dileas48s]

"I think many investors are feeling negative about renewables - it seems to be popular amongst politicians and car manufacturers, but realistically it's hard to envision it happening." Maybe - but if we can't get it happening it won't matter how much money we have in our investment accounts as we'll all be under water, fighting a forest fire, or some other calamity

[SargeX]

Hey Dil Long time, no hear. I hope all is going well. I actually think climate change is a farse and fabricated thing but even if it isn't what we do in Canada with our1.6% or so of world greenhouse gases doesn't mean a hill of beans with what China, India, Russia, etc are doing, All we're doing is killing our economy and future standard of living. As an aside, renewables just aren&

[SargeX]

Hey Karl Thanks on the nice comment. As far as CU goes, it was a few years ago and I can't actually remember what raised the red flag. I guess it was sort of justified as I see it has underperformed CPX Yup, those Brookfield guys are something else. We also used to own BPY.UN and were pretty p*ssed at them going on and on about how iit has a $3-Cdn NAV and then rolling it up fpr $18 (or