RE:BMO analyst flash updateCanSiamCyp wrote: ALA-TSX Rating: Outperform
Price: Feb-27 $21.02
Target: $25.00
Total Rtn: 24%
First Glance: Q4/19 Well Above Expectations
Bottom Line: ALA reported Q4/19 adj. EBITDA of $425M (Q4/18 of $394M) above our
$403M and consensus of $402M (range of $397-412M) with the majority of the positive
variance coming from Midstream. 2019 full-year EBITDA of $1.27B came in at the highend
of management guidance of $1.2-1.3B. Adj. EPS of $0.67 ($0.44 in Q4/18) also
was ahead of our $0.53 estimate and consensus $0.56 on the EBITDA beat and lower
interest expense.
CanSiamCyp,
Thank you for sharing anlyst target of $25.00.
ALA had great quarter and is on track for stable revenue growth of 10% or so over the next 3 to 5 years. Expecting an increase in Dividend on their next FInancial Q1 2020 report.
GLTA.
WindyHill