Algonquin Power & Utilities Corp T.AQN

Very large insider buying - No div cut Imo

[1northumberland]

With the big insider buying after the massive price drop I think it's fair to say they will not cut the dividend  and just work their way through it.

a lot of the miss was timing on renewable energy credits.

these will show up next quarter . No worries .

back to $12:00 at least imo

[rustyblades]

The dividend will be cut for sure. My guess is 50%. My other prediction is that they will walk away from the deal. The break fee is only $65 million. FERC is worried about the KP takeover effect on rates. In one of the early AQN press releases and presentations when they announced the takeover (going by memory), AQN mentioned that one of the opportunities was to get rates higher post takeover

[pennydredful]

FERC   holds  up  very  few deals , practically none (  this is the  USA  not Canada) .  The fact that it is being  held  up by FERC  likely means  it was incompetantly presented  and FERC  suspected a hidden agenda  ( higher rates). 

[Karl63]

Most of us agree that they should walk away from the Kentucky deal, I certainly do.  But . . . I'll bet there's a good chance they don't, because to do so would be tantamount to admitting their mistake and would harm their fragile egos.  That, and losing whatever bonuses they get for putting the deal together . . .