RE:RE:Massively undervaluedA 20 P/E won’t happen until they’re back into growth mode. Expanding RIPET would be part of that picture and is probably the safest option (market-wise) in the predictable future.
IMHO, as always.
YodaLayhehoo wrote:
Think it's pretty obvious why they cut the dividend. They were leveraged and the banks cut them off, it takes time to sell assets. It will be close to two years of selling to get debt down. This is a bad thing if the company is losing earnings by the sales. They are 100% not losing earnings. They are actually growing earnings and the are on track for the best year in eps since 2010. There is no reason the dividend can't be raised when debt is reduced. The only way you can know this is by actually reading the financials. If you want to compare the dividend to the largest in the sector enb which also will have the same debt to EBITDA as ala come year end. They payout over 70% of FFO. ALA has 950 million in FFO this year as guidance. Let's say ALA only wants to payout 60% like they have said in the past. They. can still payout 570 million. They currently payout 259 million so the dividend has room to grow and grow quickly when debt is reduce and they decide that is best to do. The dividend is not the be alll and end all of growth in PPS. If they earning close to 1.50 in EPS at a 20 PE that is $30 per share. At their current reduce tanked stock multiple that's around $23. They very well decide to push eps instead of growth of dividend. That is what WGL did and their stock preformed well. That is also what the US analysts called for on the CC. Hiw about you come back from crazy town and actually write some numbers instead of useless sentences?