Algonquin Power & Utilities Corp T.AQN

Utilites are Supposed To Be Safe Havens

[DeanEdmonton]

Utilites are desbribed as Dividend plays, widows and orphan funds and on it goes. ALA, Trans Altaa Renewables, before it and now this have proven that bad leadership and stupid BoDs can mess up even a stable company like a utility stock. Managment is EVERYHTING no matter what the induustry or company. The entire leadership of this company and the Board need to go, Full Stop.

[DeanEdmonton]

When they punt the exec and a big chunk of the Board, and depending on the qualifications of the replacements, this will be a stock worth buying, just like ALA was when it took the big dump in 2018. Prior to a big shke up, I wouldn't touch this with a ten foot pole.

[Red_Deer]

""I wouldn't touch this with a ten foot pole"" With a Different RISK Profile I HAVE ""TOUCHED"" for 8846 shares today__and that will be  a 10% Yield on my First Dividend in early January.

[SargeX]

Hey Dean Spot on as usual. I've now experienced this terrible new CEO syndrome 3 times with Harris at ALA, Bayle at IPL, and now Banskota at AQN. As I always say, watch out for the BTOs (Big Time Operators) that want to grow the company for the sake of their bonuses. The CEO compensation model is totally FUBARed. I didn't  own VET but watched Marino do the same thing there. I'm

[svsingh83]

They have to get the order in writing first and then weigh the option of walking off. It is weekend and such things take time. I am sure they must be busy in their discussions.

[pennydredful]

too    busy   to  tell  the owners  what  options they  are weighing !  Its  like  we  don,t  exist .  They  are Ghosting   us. 

[BSdetector2016]

With brain-dead management from Banskota it's easy to understand. He's ambulance chasing the move away from Renewables back into Real Energy. He just had to have Kentucky Smoke Belch to dilute AQN's Renewables portfolio. The more egregious act of stupidity, to me anyway, is the huge chunk of debt at variable rates. That is inexcusable.

[Capharnaum]

I think they are different stories. Trans Alta is mostly power production, with little regulated business. Altagas is about 50% midstream and 50% regulated utilities. Algonquin is mostly regulated utilities (75%+). The regulated utilities portion is a long term, almost 100% guaranteed source of earnings. Yearly earnings will vary due to timing delays. Real return also lags long term interest

[SargeX]

The reason most of ALA's revenue comes from WGL is that they basically swapped all their great assets (eg: BC hydro, etc) for crappiy WGL assets. Don't forget how the ACI spin-out all worked out. I've hated the KPC deal from the get-go. Everyone who had any common sense saw that they were over-paying for bad assets. As I have said, I debated selling half of our AQN just after the KPC

[DeanEdmonton]

Good analysis Cap but I agree with Sarge in terms of ALA now holding far inferior assets to what they had. With respect to AQN, I do not agree that the new project is just minor. Debt is a big part of Capital Allocation and has a large affect on utilites. Taking on debtt to buy inferior, aged out assts is not good allocation. Debt happy CEOs can severly mess up cashflow. Anyone that holds

[Capharnaum]

I'll say, being in the sector and having worked on M&A in the sector, I don't quite get the "quality" of assets and "old vs new" argument. I'll try to explain and maybe you can inject where you think your opinion diverges. Utilities are long term cashflow machines. If you buy a utility, you look at how much you pay vs the rate base of the utility and the long

[pennydredful]

Seems  that   AQN   was  or  is  planning  to  up  the rate  base  by  spending  money  on  wind , solar . whatever  to   replace   coal  . leading  to  higher  costs  for customers  but   FERC  is  not  going  along  with

[AlwaysLong683]

WGL is a great asset and I held ALA at the time (sold at a significant loss near the bottom). The problem was, not only did ALA sell some good quality assets to partially fund the purchase, but they had to obtain approval from no less than three utilities commissions (D.C, Virginia, Maryland) as WGL held assets in all three jurisdictions. I remember when ALA announced the approval of each of